GM to Sell Hertz 175K EVs
“Retail margin” sales could bring carmaker “thousands” of EV customers.
“Retail margin” sales could bring carmaker “thousands” of EV customers.
Shares closed Tuesday at $13.09 apiece, down by 12.3%, shaving $7 billion off the automaker’s market value.
Board asks NHTSA to require carmakers to install technology in effort to prevent crash deaths.
Automakers now can expect to pay up to five times more, an estimated $740 a vehicle, for a 60-day voyage to move inventory overseas.
The wholesale market continued its decline last week, with the rate of decline remaining consistent with the past seven weeks.
Autonomy’s EV Market Report highlights the major players, the challenges, the trends, and more in the global transition to electric vehicles.
Meanwhile, AutoNation, Hendrick Automotive Group top public, private rankings.
Five-dealership purchase expands its Midwest presence.
The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
The seasonally adjusted annual rate is estimated to be near 36.2 million, down from last August’s 40.8 million level and below July’s revised 38.3 million pace.
The Retention Index continues to decline in August, finishing the month at 184.0 points as consumer demand for used vehicles weakened.
Automaker won’t offer retailers buyouts as some brands have, but it will introduce sales requirements.
Draft regulations would target bait-and-switch price ads, misleading F&I practices, and valueless F&I products.
No-haggle prices and sizeable investments in charging infrastructure are required to sell the automaker’s electric vehicles.
First $900 million coming to help 35 states build network of stations. President also promotes tax breaks to buy EVs built in North America.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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