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

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The drop in pricing was driven by significant price cuts from Tesla, which commands roughly two-thirds of the EV market. Sales volumes last month were up year over year by more than 6% but down from December, thanks in part to improved supply and added fleet sales. Tesla’s average transaction prices decreased $5,440, down 8.4%

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Stellantis CEO struggles to sell Jeeps in the golden era of SUVs

Baua Electric

Also Read : Stellantis ready to fight for place in Europe’s EV market, CEO says The setbacks have come thick and fast for Tavares, 65, who only three months ago won shareholders’ blessing for a €36.5 s gain — the maker of the Explorer, Escape and Bronco sold more than 400,000 blue oval-badged SUVs in the first half, a record.

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

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Earlier in the year, Tesla was increasing prices, citing supply issues. Sales volumes in December were up year-over-year by more than 5% but down from November, due in part to improved supply. Honda and Kia showed the most price strength in the non-luxury market, transacting between 5% and 6% over sticker price in December.

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

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According to Cox Automotive estimates, new-vehicle inventory is steadily improving, though some brands have a noticeably larger supply than others. In November 2019, the luxury share of the US market was 16.1%. Porsche and Land Rover showed the most price strength in the luxury market, transacting between 2% to 6.4% in October.

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2025 Genesis GV90, 2024 Mercedes-Benz EQB: Automotive Information Headlines

Baua Electric

It’s been rumored for years and now a prototype for an electrical full-size SUV from Genesis has been noticed, revealing styling alike to the smaller GV80. The pristine SUV is anticipated to be referred to as a GV90 and input manufacturing in early 2025, possibly at a plant within the U.S.

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May 2023 – Tesla still dominates the Norwegian EV market

Push EVs

Growth continued for the Norwegian plugin EV market in May 2023, as combined plugin share hit almost 90%, up from 85% a year ago. more of the remaining market than last year. The overall auto market saw volumes of 13.342 units, up almost 16% YoY, and higher than May 2019. Whatever they can supply will doubtless be snapped up.

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Toyota to expand diesel engine production capacity in Thailand

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(STM), will from 2015, expand the production capacity of diesel engines used in Innovative International Multi-purpose Vehicle Project (IMV) series vehicles to meet increasing demand in emerging markets. The series consists of three pickup trucks, a minivan and an SUV. Exports to emerging markets are also being considered.

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