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CarGurus.com reveals the average listing price for a new electric vehicle stood just under $60,000 at the end of June, marking a 13% increase since February.
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Moss Bros. Auto Group has agreed to a $2.5 million class-action settlement in a case involving ringless voicemails.
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Auto industry inventory levels sat between 1 million and 1.1 million vehicles for the sixth consecutive month in June, according to Cox Automotive.
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The National Automobile Dealers Association issued its analysis of U.S. auto sales and the economy for the second quarter of 2022.
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Voters are asked to complete at least five of the survey’s 40 categories, entering their partner company’s name and scoring them on quality, value, customer service, and whether they would recommend that company to another dealer.
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New rule would negatively impact the used vehicle industry and its customers.
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The Retention Index increased again during June to 191.5 points, even as we saw weakening consumer demand.
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As automakers report second quarter results, analysts say a market rebound may be on the way.
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BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022 compared to 564,743 from Tesla.
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Ford Motor Co. reported nearly a 32% increase in U.S. sales in June, as it improved truck and SUV deliveries and rolled out an all-electric pickup.
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