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EV transaction prices in February were lower year over year by 12.8%, an accelerating decline compared to January when prices were lower year over year by 11.6%.
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With new-vehicle inventory rising in the U.S., downward price pressure and higher incentives appear to be key drivers of the market’s momentum.
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Nissan’s flagship electric crossover will also benefit from a wider array of electric vehicle charging accesses.
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Inventory levels reach the highest point since June 2020 while the number of buyers who can afford a new vehicle is the best since June 2021.
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Tesla price cuts that shook up the market and challenged the profitability picture for all automakers.
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Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.
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The base-level truck will be made available in 2025, with the higher-level AWD and Cyberbeast trims set to deliver in 2024 — but in smaller numbers and to existing single reservation holders.
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The recent Fleet Forward Conference offered fleet managers some takeaway insights on the state of electric vehicles and the overall transition to electrified fleets.
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Analysis: Slowing EV adoption, an expensive UAW labor contract, and higher consumer interest rates will diminish the profits and gains of recent years.
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The 2023 Nissan Altima has been restyled for the new year and is on sale now with updated technologies and safety features.
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