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Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
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SEARCHMENUSEARCHThe Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
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No-haggle prices and sizeable investments in charging infrastructure are required to sell the automaker’s electric vehicles.
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Revised law approved by voters in 2020 was intended to enable independent repair shops to diagnose, repair vehicles, not just dealers.
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The Estimated Average Weekly Sales Rate continued its descent, hitting 58% last week. The Estimated Average Weekly Sales Rate hasn’t been below 60% since February of 2021.
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Ford, BMW say recycled fishing netting going into some parts. BMW says the material has a 25% lower carbon footprint.
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High-level delegations discuss how they can eat into Asia dominance in semiconductors and batteries for EVs
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The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.
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Two days of bargaining produce no agreement after employees complain about HVAC system and other concerns.
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Europe, China and North America will each have two plants that will produce round lithium ion cells for BMW.
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Japanese Industry Minister Yasutoshi Nishimura expressed concern that a new U.S. law on tax credits for electric vehicles may violate international law.
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Automakers have shifted to selling vehicles with better profit margins in the U.S. as supply chain shortages and shipping concerns dampen production.
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