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EV Sales Slide While Hybrids Climb
California, as usual, led the country in EV registrations in the fourth quarter, but the U.S. as a whole saw a 43% year-over-year volume decrease.
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SEARCHMENUSEARCHCalifornia, as usual, led the country in EV registrations in the fourth quarter, but the U.S. as a whole saw a 43% year-over-year volume decrease.
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Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
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Automaker to pause production at Fort Wayne Assembly truck plant, which builds full-size trucks.
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The automaker’s adjusted operating income from North America soared 23% to $14.8 billion.
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Cox Automotive forecasts sales will increase nearly 4% from 2022 and from January 2023.
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Now in week three of February, we continue to see the wholesale market improving.
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According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
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Volkswagen AG reported its cash flow fell short of expectations as supply chain snags led to higher unsold inventory at year’s end.
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The reduction in weekly depreciation that started a couple of weeks ago continued again last week, with the market reporting the lowest overall depreciation we have seen since the end of June 2022.
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Dealers report elevated prices, a lack of affordable vehicle models, and higher interest rates are pricing many consumers out of new cars.
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The light new-vehicle sales pace increased in January to 15.7 million, while new vehicle prices declined slightly, and incentives increased.
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