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New vehicle prices remain higher than normal, averaging 7.2% above MSRP in January 2024, but price growth has started to cool in the face of improved supply levels and unstable demand. According to automotive data platform iSeeCars.com, last month’s average new vehicle price of $45,880 is higher than last January’s amount of $45,597, which, at the time, was 8.9% over MSRP. Read More
AutoNation, the second-largest car dealer in the United States, released its earnings on February 13, which included information about the company’s financial results for the fourth quarter and full year of 2023. Despite a challenging market climate, AutoNation reported a modest increase in Q4 revenue to $6.8 billion and maintained consistent full-year revenue at $26.9 billion. Read More
On February 13, Chrysler unveiled the Halcyon Concept, a fully electric vehicle that embraces sustainability-driven exterior and interior design, full autonomy, personalized driving experiences, and futuristic technology. The concept vehicle reflects the Chrysler brand’s customer-focused seamless connectivity and “Harmony in Motion” ethos. Read More
Stellantis has confirmed it will adopt the North American Charging Standard (NACS), making it the last major automaker to adopt the Tesla-developed electric vehicle plug. NACS connectors are used in Superchargers, Tesla’s proprietary EV charging network. Last year, the company opened the standard up to other car manufacturers, offering competitors’ customers access to the Supercharger network provided the brand signed an agreement. Read More
