Dealer lots are no longer empty, with far more selection for vehicle shoppers who may have been waiting to buy a particular model.
CAR 2023: A closing keynote presentation draws on data and information from J.D. Power on EV adoption hurdles in the years ahead.
Quarterly sales of electric vehicles break the 250,000 mark while rising to 7.2% of total vehicle sales in the U.S.
After closing out 2022 with the longest-running, sharpest decline over a single year, wholesale used vehicle prices have risen in 2023.
The movement of new vehicles into fleet increases at a consecutive monthly pace with supply freeing up after several years of constraints, according to Bobit fleet data.
Ford is increasing production of its Mustang Mach-E, F-150 Lightning, Bronco Sport, and Maverick this year, boosting production at its assembly plants across the U.S.
Used vehicle prices are declining in this divergent market. Fleet sales making a comeback compared to last year.
Average transaction prices are still $310 over average MSRP, though that’s down from the $900 above sticker for January 2022, according to Kelley Blue Book.
While this is the EV decade, the market is a long way from becoming one centered on electric vehicles.
Average transaction prices (ATP) have been above the average manufacturer’s suggested retail price (MSRP) for more than a year.
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