The Truth About Cars

JANUARY 29, 2024

Cadillac and Buick dealers accepted buyouts in large numbers to avoid making investments to sell EVS, and now the automaker’s dealers are pushing it to develop more hybrids instead of releasing new electric models. The company understands its dealers’ concerns but has not detailed plans to offer such products.

Dealers 111

Dealers GM Hybrid General Motors 111

Baua Electric

FEBRUARY 16, 2024

Price gouging has already hit one of the most anticipated new EVs of the year—the 2024 Kia EV9. CarsDirect reports that national dealer inventory data currently shows EV9 markups of up to $7,000 over MSRP. One dealership confirmed to the website that every EV9 on its lot had a $7,000 markup, in fact.

Dealers 52

Dealers Kia SUV Price 52

CN EV Post

MARCH 9, 2023

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

Dealers 140

Dealers BMW Price China 140

Electric Cars Report

JANUARY 25, 2024

The spacious and adventure-ready Prologue promises to advance the electrification strategies of Honda with its top-of-class standard and available tech features and […] The post All-Electric 2024 Honda Prologue Starts Arriving at Dealers this Spring Priced at $47,400 appeared first on Electric Cars Report.

Honda 104

Honda Dealers All-Electric Price 104

Electrek

APRIL 12, 2024

Kia is paying its dealers up to $1,500 in flat payments for each EV sold in April, so buyers, there may be good prices to be had.

Dealers 121

Dealers Kia Price 121

Teslarati

JUNE 7, 2023

Volkswagen of America CEO Pablo Di Si warned dealers ID. Buzz price markups. The VW of America CEO revealed discussions with dealers about the ID. “We need to find a fair way … for the consumer and the dealer — there’s no overpricing, that the system doesn’t crash. Buzz is ongoing.

Dealers 98

Dealers America North America Price 98

The Truth About Cars

FEBRUARY 8, 2024

Last week, Ford CEO Jim Farley asked a group of dealers for some open and honest feedback while promising to spend the next few weeks visiting showrooms. However, the latest from the North American Dealers Association (NADA) meeting makes it sound like the relationship may still be dicey. This isn’t exclusively a Ford problem, however.

Dealers 104

Dealers Ford Las Vegas Conversion 104

The Truth About Cars

APRIL 24, 2024

dealer network , giving it stores in several new areas and growing its footprint to 18 dealerships in seven states. VinFast added 12 stores, with new dealerships in Connecticut and Kentucky, five new locations in Florida, and four in Texas. The company recently announced an expansion to its U.S.

Dealers 59

Dealers North Carolina Tax Credit Vietnam 59

Electrek

APRIL 16, 2024

America’s top-selling electric pickup is on its way to dealers. Ford opened online orders for the 2024 F-150 Lightning at lower prices with the electric pickup now shipping from its Rouge EV plant.

F-150 133

F-150 Ford Price Dealers 133

Teslarati

OCTOBER 21, 2023

However, a new report shows that dealers have had difficulty keeping up with inventory levels for the automaker’s EQ lineup, with sales times for the EVs exceeding the luxury segment average. “There is too much of a price premium — especially at the top end of the EQ lineup — and almost no [lease] support.”

Mercedes 144

Mercedes Dealers Sale SUV 144

The Truth About Cars

APRIL 12, 2024

New car prices are slowly returning to reality, but the universe isn’t done torturing buyers. A new report from Reuters found that insurance rates are climbing just as the financial pain of buying a new car is easing. It just so happens that many of those places are highly populated, driving up the averages for everyone.

Price 111

Price Cars Climate Change Dealers 111

Baua Electric

APRIL 12, 2024

Photo: Kia Kia is paying its dealers up to $1,500 in flat payments for each EV sold in April, so buyers, there may be good prices to be had. Through April 30 , the Kia April 2024 Dealer Flat Cash Program will pay dealers $1,500 for every EV6 GT sold and $1,000 for every 2023 Kia EV6 sold. But what’s in it for you?

Dealers 52

Dealers Kia Solar Installation 52

Teslarati

NOVEMBER 29, 2023

Over 3,000 car dealers sent a letter to President Biden expressing their concerns about his administration’s push toward electric vehicles (EVs). Car dealers have informed the President that enthusiasm for electric vehicles has stalled, hinting at concerns over the demand for EVs. But that enthusiasm has stalled.

Dealers 118

Dealers Cars Auto Electric Vehicles 118

Electrek

FEBRUARY 21, 2023

When one carmaker controls over 60% of the EV market, any price changes can reverberate through the industry. In this case, Tesla’s steep price cuts combined with gaining access to federal tax credits have sent shockwaves through the industry.

Dealers 98

Dealers Price Tax Credit Manufacturer 98

Teslarati

FEBRUARY 6, 2024

Volkswagen is suing a German car dealer for importing the China-exclusive ID.6 In 2022, German car dealer Gregory Brudny offered the Volkswagen ID.6 6 vehicles built by FAW-VW from an authorized VW dealer in China. 6 vehicles built by FAW-VW from an authorized VW dealer in China. 6 electric vehicle (EV) into Germany.

Dealers 104

Dealers Germany Cars China 104

The Truth About Cars

APRIL 2, 2024

One factor that is coming into clear focus is pricing, as Ford recently found out with the Mustang Mach-E. In response to flagging demand, the automaker cut prices on the electric SUV and has seen an uptick in sales as a result, showing that cost remains a significant hurdle for many prospective buyers.

Ford 116

Ford Price Sale Affordable 116

Electrek

JUNE 7, 2022

Ford has started to deliver the F-150 Lightning electric pickup truck, but some dealers are taking advantage of the demand. One of them was spotted doubling the price of the electric pickup by adding a $69,000 markup. The post Ford dealer doubles the price of the F-150 Lightning electric pickup truck appeared first on Electrek.

F-150 109

F-150 Dealers Ford Price 109

The Truth About Cars

FEBRUARY 1, 2024

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.

Dealers 105

Dealers Auto Durango Tax Credit 105

The Truth About Cars

APRIL 12, 2024

The publication uncovered a letter to dealers that outlines price cuts for the 2024 Bronco Sport, bringing prices down by close to $2,000 for some configurations. Pricing now starts at $29,795 before fees, $1,435 less than before. Ford slashed prices on the Outer Banks variant by $1,980, giving it a $33,935 MSRP.

Price 96

Price Ford SUV Dealers 96

Teslarati

APRIL 10, 2024

Ford has reportedly implemented a round of price cuts to several trims of the 2024 F-150 Lightning. The recent price adjustments were focused primarily on the all-electric pickup truck’s mid-level variants. With the price cuts in place, some variants of the F-150 Lightning saw adjustments of as much as $5,500.

F-150 103

F-150 Ford Price Extended Range 103

Electrek

SEPTEMBER 10, 2022

According to a new report, Ford’s CEO Jim Farley will meet with dealers next week in a bid to lower the price of its electric vehicles to compete with Tesla. The post Ford CEO wants to compete with Tesla, will meet with dealers to lower EV prices appeared first on Electrek.

Dealers 109

Dealers Ford Price Tesla 109

Baua Electric

JANUARY 4, 2024

has announced a new EV sales strategy that remains asset-light but can help boost sales of its flagship Ocean model. This morning, Fisker shared plans to adopt a network of approximately 100 dealer partners in addition to its direct sales model. Fisker Inc. Fisker Inc. ($FSR) Source: Fisker Inc. Fisker Inc.

Fisker 52

Fisker Dealers Sale Price 52

Teslarati

MAY 15, 2023

A new report finds that Tesla accounted for roughly $700,000 in lost gross profit per dealer in California during 2022. The new report published by Automotive News included the sales of three top D2C carmakers, Tesla, Rivian, and Lucid. Specifically, the 193,707 D2C EV sales, of which 97.1%

Dealers 99

Dealers California Sale Tesla 99

Green Car Reports

SEPTEMBER 30, 2022

The 2023 Hyundai Ioniq 5 gets a price hike, as dealer markups continue. And where can you buy a new electric car for about $10,000? Lordstown is (slowly) making production Endurance electric trucks. This and more, here at Green Car Reports. The Indian automaker Tata has launched a $10,000 electric car for its home market.

Hyundai 132

Hyundai Price Production Dealers 132

Electrek

MARCH 28, 2024

Hyundai just released the IONIQ 5 N’s price just a couple weeks ago, and a California dealer has already marked the MSRP up on the automaker’s newest, most powerful EV by $20,000.

Hyundai 111

Hyundai Price Dealers California 111

Green Car Congress

MAY 3, 2023

Updated Pricing The above reflects MSRP as of 2 May 2023. MSRP excludes destination/delivery fee, optional equipment plus government fees and taxes, any finance charges, any dealer processing charge, any electronic filing charge, and any emission testing charge.

Standards 417

Standards Range Ford Price 417

Teslarati

DECEMBER 3, 2022

Ford is now facing pushback from dealers in numerous states over its EV sales plan. This certification is required for any dealer selling Ford electric vehicles. Ford’s EV Certification program has two main requirements; sell EVs at fixed prices and invest between $500,000 and $1.2 million into EV charging infrastructure.

Dealers 98

Dealers Ford Sale Connecticut 98

The Truth About Cars

JUNE 2, 2023

The last few years have been crazy for car shoppers, with inventory shortages and harsh price gouging running rampant. That said, the market seems to be healing, and some dealers now find themselves with too much inventory on hand. & The Jeep Renegade sits on the showroom floor the longest, with 753 days of supply.

Dealers 98

Dealers Jeep Silverado Kia 98

Green Car Reports

FEBRUARY 16, 2024

Kia dealers are at it again, marking up the EV9 electric SUV by $7,000 or more, despite efforts from Kia to reel in price gouging earlier in the year. Many Americans still have no experience with EVs. And how much more than MSRP would you pay for a Kia EV9? This and more, here at Green Car Reports.

Kia 129

Kia Building Dealers Green Cars 129

Teslarati

MARCH 9, 2024

Chevy announced on Friday that it’s now resuming Blazer EV sales, re-launching the vehicle’s three configurations with lower price tags starting at $50,195. The updated pricing marks a drop of 9 percent or more, down from the previous starting price of $56,175. GM also plans to utilize the division on all of its future vehicles.

Price 107

Price Sale GM Chevrolet 107

The Truth About Cars

JUNE 20, 2023

After weathering pandemic-related shutdowns, chip shortages, and barren lots, some dealers are complaining our nation’s rail system is suddenly no longer up to the task of delivering new cars. A few are saying they have a point, whilst others muse it is a bit of karma for three years of price gouging and “additional dealer markups”.

Dealers 91

Dealers Karma Mexico Price 91

Electrek

JANUARY 13, 2022

more… The post National Auto Dealer Assoc. Will dealers step in line? says it’s all in on EVs. appeared first on Electrek.

Dealers 137

Dealers Auto Automobile All-Electric 137

Electrek

DECEMBER 7, 2023

After cutting prices, the Nissan Ariya is being offered with leases as low as $199 per month (find local dealers here ). more… The post Nissan Ariya electric SUV price cuts lead to $199 per month leases appeared first on Electrek. At these rates, Nissan’s electric SUV could currently be one of the best-value EVs to lease.

Nissan 145

Nissan SUV Price Dealers 145

Electrek

SEPTEMBER 14, 2022

Ford Motor Company has unveiled a new companywide strategy to its dealership network of nearly 3,000 locations. Ford dealers have been alerted that they have until October 31 to decide whether they will invest their own money into one of two “certified” EV tiers to partake in Ford’s Model e business.

Dealers 100

Dealers Ford Price Buy 100

Clean Fleet Report

JUNE 4, 2022

Significant Price Reduction Repositions Entry-Level EV. Chevrolet announced this week that its 2023 Bolt EV and Bolt EUV are going to get major drops in price. The new 2023 pricing (2022 pricing in parenthesis) includes the mandatory $995 destination fee. News: 2020 Chevrolet Bolt To Get 259 Miles of Range.

Chevrolet 93

Chevrolet Price Tax Credit 2020 93

Teslarati

JANUARY 8, 2024

Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.

Price 120

Price Market Tesla Tax Credit 120

The Truth About Cars

MARCH 18, 2024

As we approach the end of the first quarter of 2024, Tesla is pushing the Model Y with a message that prices will increase on April 1 in hopes that the threat of higher purchase price s will drive buyers to act in the next two weeks. Even so, the company will likely remain in its dominant position atop the EV market in the U.S.

Price 111

Price Sale Tesla Purchase 111