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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. Others likewise said that it should be the market driving EV sales, not pressure from the government.&

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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. Sales volumes in November were up year over year by more than 11%, but down from October. of total sales in November from 17.8%

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April auto gross sales defy financial hesitancy

Baua Electric

Chris Hopson, most important analyst at S&P World Mobility, stated the “unsteadiness” within the economic system shall be mirrored in auto gross sales, and volatility is most probably within the coming months. Hyundai and Kia each posted beneficial properties for the ninth-straight generation. Honda Motor Co.,

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Ford F-150 Lightning listed among slowest selling used vehicles

Teslarati

Sales of the all-electric pickup truck tempered down as well, with Ford reporting a 45.8% drop in F-150 Lightning sales in the United States through the third quarter. days on dealer lots. days on dealer lots. In comparison, iSeeCars’ data showed that the average used vehicle was spending just about 49.2

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. Beyond Tesla, however, it appears that the picture is much different in the United States. Electric cars currently account for about 6.5% That’s up from 38% in 2021.

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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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