31% of new vehicles were sold above MSRP last month
According to a recent study, the average price of a new car in February was $45,296 as opposed to the average manufacturer's suggested retail price (MSRP) of $41,637.
A joint prediction...
TSLA354.720-7.72%
GM83.9600.3%
F12.4300.12%
RIVN12.420-0.6%
CYD26.020-0.33%
HMC34.2800.22%
TM194.6102.67%
CVNA58.830-1.7899%
PAG212.4200.42%
LAD295.140-0.17%
AN161.7301.93%
GPI242.2202.42%
ABG170.0500.18%
SAH63.6100.1%
TSLA354.720-7.72%
GM83.9600.3%
F12.4300.12%
RIVN12.420-0.6%
CYD26.020-0.33%
HMC34.2800.22%
TM194.6102.67%
CVNA58.830-1.7899%
PAG212.4200.42%
LAD295.140-0.17%
AN161.7301.93%
GPI242.2202.42%
ABG170.0500.18%
SAH63.6100.1%
TSLA354.720-7.72%
GM83.9600.3%
F12.4300.12%
RIVN12.420-0.6%
CYD26.020-0.33%
HMC34.2800.22%
TM194.6102.67%
CVNA58.830-1.7899%
PAG212.4200.42%
LAD295.140-0.17%
AN161.7301.93%
GPI242.2202.42%
ABG170.0500.18%
SAH63.6100.1%
automotive industry
S&P Global reduces Nissan’s credit rating to junk
S&P Global Ratings downgraded Nissan’s credit rating to junk, dealing a setback to the carmaker that has battled to increase profitability in the years since the arrest of former Chairman...
Shares drop as Rivian prepares to sell $1.3 billion in bonds to raise funds
As lackluster demand and high expenses tighten a cash grip around electrical car companies, Rivian Automotive announced on March 6 that it aims to issue bonds worth $1.3 billion.
After-hours trading...
Rivian reveals to staff that it can outpace production targets in 2023
As part of a “Product Master Plan” for 2023, Rivian released a production forecast of 50,000 vehicles that doubled the output achieved last year but was below the market's expectations.
Despite...
Winners of the 2023 Kelley Blue Book Best Resale Value Awards have been announced
Though most car buyers understand the value of their car will depreciate, they may not be entirely aware of how much this loss can vary from one model to the...
Automotive educator and entrepreneur Chaya Milchtein is on a mission to make the industry more inclusive
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February U.S. auto sales: Ford and Hyundai show marked improvements, Japanese brands falter
According to preliminary estimates from LMC Automotive, a leading automotive forecasting, and data company, U.S. auto sales saw a notable increase in February 2023. LMC predicts that the total vehicle...
3 female automotive industry leaders share how they conquered the industry
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Mississippi’s State Senate furthers a bill to prevent electric car dealerships
The Mississippi State senate recently approved a bill that will prevent electric car manufacturers from opening up their own dealerships in the state.
The amendment clarifies that EV manufacturers can’t bypass...
Ford creates Latitude AI to develop the future of its automated driving tech
Ford revealed that it has established a new wholly-owned company named Latitude AI with the goal of developing a hands-free, eyes-off-the-road automated driving system.
The automaker intends to grow and expand...
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