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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. November prices rose 0.9% ($422) month over month from October 2022 and were up 4.4% ($2,250) from year-earlier levels.

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Indian market to remain flat in 2024, Kia to grow by 13% – Kia global CEO Song | Autocar Professional

Baua Electric

Ho-Sung Song, the global president and CEO of Kia expects the Indian market to remain flat in 2024. million units in 2024, the same as in 2023. Kia aims to achieve a sales volume of 277k units, with 13% growth year on year, and a market share of 6.8%.” In total, Kia achieved a global market share of 3.7%. “In

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

A recent survey, conducted by Automotive News , has indicated that automotive dealerships are still broadly dissatisfied with the Biden administration’s strategy to force the United States to pivot toward all-electric vehicles. As for dealers, there’s some amount of disagreement as to what’s holding EVs back.

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New and used Tesla prices plunge, bringing unique opportunity to buyers

Teslarati

New and used Tesla prices have plunged recently, giving buyers a unique opportunity. Tesla has been criticized by car buyers, government representatives, and investors alike for having prices too high for average Americans to afford, especially for a brand that prides itself on leading the EV revolution.

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Ford F-150 Lightning listed among slowest selling used vehicles

Teslarati

drop in F-150 Lightning sales in the United States through the third quarter. What was quite interesting was that this dip seemed to have happened despite Ford initiating price cuts for the all-electric pickup truck this year. days on dealer lots. days on dealer lots.

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

This is according to a report from Cox Automotive , which stated that the month of February opened with the industry seeing an average new vehicle supply of 80 days. 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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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

Beyond Tesla, however, it appears that the picture is much different in the United States. As per inventory data from Cox, the nationwide supply of electric vehicles in stock swelled by almost 350% this year to over 92,000 units. For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars.