Polestar Launches First Electric SUV
Built on a new, all-electric technology base, Polestar 3 features high-tech components such as centralized core computing and advanced safety systems.
Built on a new, all-electric technology base, Polestar 3 features high-tech components such as centralized core computing and advanced safety systems.
Wholesale prices had been moving downward for most of the year and decreased 4% in August from July, widening the divergence with retail prices.
But don't get too excited. Days supply is still far below historical levels and production has yet to catch up to demand.
The average price paid for a new vehicle in America now tops $48,000. Supply of popular segments – like subcompacts, hybrids and EVs – remain low.
Sales into commercial fleets were up 37% and sales into government fleets were up 28% last month compared to August 2021.
Subject to formal agreement, the joint venture will build two new large electric vans in a factory based in central or eastern Europe, with output expected within two years. One van will be based on the M-B Vans’ electric architecture known as VAN.EA, and the other based on the second generation Rivian Light Van (RLV) platform.
The companies are collaborating on an electric vehicle-specific valuation influenced by the condition of the battery, the most expensive part of an EV.
An iseecars.com study finds electric car prices saw an increase of 54% in July from the same month last year while gas-powered cars were up just 10%.
CAR 2023 has entered the planning stage and seeks industry ideas for panel topics, seminars, and presentations.
All major market segments saw seasonally adjusted prices that were higher year over year -- but declined -- in the first half of August.
Used vehicles are tracking at a fairly normal pace for supply. Sales have slowed compared to the strong pace in the summer of 2021, but are still relatively healthy.
Used vehicle consignor CarLotz will enable Shift to pursue a new business plan focused on allowing consumers to buy vehicles online, sight unseen, for pickup or delivery.
The average price for a new electric vehicle – over $66,000, according to Kelley Blue Book estimates – remains well above the industry average and more aligned with luxury prices versus mainstream prices.
Sales into commercial fleets were up 19% year over year, and sales into government fleets were up 31%, but rental were down 7%.
All major market segments once again saw seasonally adjusted prices that were higher year over year in July.
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