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NADA | NADA Headlines
Mercedes Cars Become More Elusive After 43% Jump in Prices (Bloomberg)
Driving a shiny new Mercedes-Benz may soon become a distant dream for many but the most affluent.
ATAE
Electric cars are killing the car dealership as we know it
Electric cars are changing the way we shop for and purchase vehicles, and dealerships are scrambling to adapt.
ATAE
Ford’s rising EV sales contribute to bigger market share
Ford Motor Company’s sales were up in December as a 223% spike in electric vehicle sales helped expand market share in 2022 for the second-largest U.S. automaker.
ATAE
BMW sold 15,584 full EVs in US in 2022; 4.7% of total sales
In the fourth quarter 2022, BMW sold 8,689 electric vehicles, surpassing the totals achieved in the previous three quarters combined.
ATAE
Judge rules in Rivian's favor in lawsuit over direct sales to consumers
A judge has dismissed a lawsuit filed against Rivian by a group of Illinois auto dealers who alleged the electric automaker was breaking the law by selling directly to consumers.
ATAE
Georgia’s Rivian Plant Subsidy Recognized as 2022’s “Worst Economic Development Deal of the Year” by the Center for Economic Accountability
Insufficient due diligence, speculative returns, lack of concern for local impacts and convoluted structure set project apart in a historic year for corporate welfare megadeals.
ATAE
Did the Tesla Story Ever Make Sense?
If you’re one of those people who bought Bitcoin or another cryptocurrency near its peak last fall, you’ve lost a lot of money. Is it any consolation to know that you would have lost a similar amount if you had bought Tesla stock instead?
NADA | NADA Headlines
U.S Auto Safety Agency in Talks with Ford F-150 EV Production Halt (Reuters)
The National Highway Traffic Safety Administration said it is holding discussions with Ford Motor after the automaker halted F-150 Lightning production and deliveries following a battery fire.
NADA | NADA Headlines
GM’s Strong Truck Sales Are Funding This Year’s EV Sales Blitz, Barra Says (Bloomberg)
General Motors Co.’s leader said demand for expensive trucks remains robust, enabling the company to fund a blitz in electric vehicles that begins this year.
NADA | NADA Headlines
AutoNation Expects Used-Car Price Drop as Volumes Recover (Bloomberg)
AutoNation Inc., one of the biggest car dealership chains in the US, expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to price-sensitive buyers.