article thumbnail

Kelley Blue Book finds average EV price in US down 5.4% in January due to Tesla price cuts

Green Car Congress

New-vehicle inventory levels are increasing from historic lows in early 2022, but prices remain elevated, according to data released by Kelley Blue Book, a Cox Automotive company. The average new EV sold for $58,725, according to Kelley Blue Book estimates, and is still well above the industry average. month over month and down 5.5%

Price 199
article thumbnail

Ineos Opens Order Books for Grenadier Quartermaster

The Truth About Cars

Starting at $86,900 in America, the pickup shares plenty of architecture and components with the equally boxy Grenadier SUV. It has a payload capacity of 1,675 pounds and equals the SUV’s towing prowess which checks in at 7,716 pounds. Like the SUV, it is powered by a 3.0L Also mirroring the SUV? A total of 10.6

SUV 100
article thumbnail

Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. Luxury brands Alfa Romeo, Audi, BMW, Infiniti, Lincoln, and Volvo showed the least price strength, selling 1% or more below MSRP in November.

Price 210
article thumbnail

The BMW i7 is dominating its ICE counterpart

Teslarati

The BMW i7, BMW’s newest EV offering, dominates its gas counterpart alongside other BMW Group luxury EVs. BMW is defined by its luxury offerings. Its headlining brand, BMW, has dominated the global premium car market for years , and with its newest EV offerings, it looks like it is doing the same.

BMW 113
article thumbnail

BMW declares ‘tipping point’ in shift from gas-powered cars to EVs as sales heat up

Baua Electric

BMW has crossed the “tipping point” as the automaker shifts from gas-powered vehicles to EVs. According to BMW’s CFO, from here on out, most of its growth will come from electric vehicles. After nearly doubling (+74%) EV sales last year with over 375,000 electric models sold , BMW doesn’t see the growth slowing.

BMW 52
article thumbnail

Orders in: 1,000 buyers in Norway reserve coming all-electric BMW iX3 crossover SUV

Green Car Reports

BMW opened order books for its upcoming electric iX3 in Europe at the beginning of September, and the company already has deposits for 1,000 in Norway. DON'T MISS: BMW. In a page out of the Tesla playbook, the Norwegian buyers each put down deposits of almost $1,900 (1,600 Euros.)

Norway 130
article thumbnail

KBB: Average new vehicle transaction price in US in December up 1.9% from November; EV ATP dropped 5.5% due to Tesla

Green Car Congress

New-vehicle inventory levels are increasing from historic lows earlier in 2022, but prices remain elevated, according to data released today by Kelley Blue Book, a Cox Automotive company. The average new EV sold for $61,448, according to Kelley Blue Book estimates, still well above the industry average. over sticker price last month.

Price 210