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General Motors introduces omnichannel used car marketplace CarBravo

Green Car Congress

Dealer enrollment begins immediately, and the consumer launch is expected to begin in spring 2022. CarBravo will give customers more choice and access to shop significantly expanded inventories of both the dealer and a national central stock of GM used vehicles.

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Recurrent Auto and Black Book launch EV-centric valuation system for used cars

Teslarati

A major problem for used electric car buyers is that current valuation systems are designed around ICE vehicles; how often has the vehicle received an oil change? Recurrent Auto and Black Book are now offering a service that will more accurately value used electric vehicles influenced by battery health and other EV-specific factors.

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Comment on Nio's sub-brand Alps may partner with dealers to sell cars, report says by nov22

CN EV Post

NIO also promote its tryout booking through NIO app to reach potential customer base. There are lots of people who want to sign the paper and drive away the new car off the lot on the same day. Believe it or not, the older people, less educated people, the old-fashion people, do buy Mercedes, BMW, or Audi.

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Report: Wholesale Used Car Prices Decline Slightly

The Truth About Cars

According to Automotive News , Black Book likewise reported that “ higher than typical seasonal wholesale price depreciation resumed ” in the first week of November. However, Cox and Black Book suggested that the UAW strike's end probably played a meaningful role. Image: Gretchen Gunda Enger/Shutterstock] Become a& TTAC insider.

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Tesla Looks to Boost Model Y Sales with Threats of Nearing Price Increases

The Truth About Cars

Without a dealer network to act as a financial buffer between it and buyers, Tesla’s numbers look worse the more vehicles it has sitting in inventory. While this move isn’t a discount, it could incentivize buyers to purchase before the end of the quarter and make Tesla’s books look healthier to start the year.

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The Biden Administration is on track to meet its 2030 EV sales goal

Teslarati

The Biden Administration aims to have EV sales make up 50% of all car sales in the United States by 2030. Kelley Blue Book estimated that EV share in the US car market increased to 7.6% It has even started winning over auto dealers in 2024. Now, mainstream consumers are coming in to buy EVs.

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

Vehicle pricing also dropped slightly, though presumably not enough to send anyone running out the door to buy a new automobile due to how outrageously high they’ve been over the last several years. The United States reportedly hit the 80-day mark (representing a 38 percent increase from the same time a year ago) at the very end of January.

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