Last week's wholesale market was normal for the season, according to Black Book, which said it will be keeping an eye on Trump administration trade tariffs' affect on conditions. Get segment-by-segment results in its weekly report.
Black Book: Weekly Market Update
Depreciation proved normal for the early part of the year last week.
February 4, 2025
Credit:
Black Book
1 min to read
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California Holds EV Lead Despite Annual Decline
At nearly 14%, California had the lowest zero-emission vehicle market share in the first quarter since the fourth quarter of 2021, according to the California New Car Dealers Association.
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Will Extended-Range Autos Make Inroads?
EREVs, also known as ‘series hybrids,’ may catch on in the U.S., where they currently have barely a toehold, as automakers tilt away from some purely electric models and consumer crave more range.
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Electrifieds Lead EU New-Vehicle Sales
Hybrids in particular lead not only EV market share but all power trains on the continent so far this year as gas and diesel continue their decline.
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Hyundai Expands North American Footprint
Building on a previously announced $26 billion U.S. investment, Hyundai said it will grow its North American lineup and U.S.-based production and parts sourcing.
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Afeela EV Brand Fails to Leave the Factory
Sony-Honda venture cancels two planned models, the first of which had been pegged for a mid-2026 California delivery debut. The brand’s direct sales had been challenged by the state’s auto dealers, but the venture cites Honda’s EV retreat.
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Used-Vehicle Sales Jump in February
Softening prices, rising credit availability and higher tax refunds could be behind February’s sales pace rise and accompanying dip in inventory, according to Cox Automotive.
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Black Book: Weekly Market Update
The wholesale automotive market fared remarkably well given the U.S.-Israel war on Iran, Black Book analysts reported.
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FTC Targets Auto Dealers Over ‘Deceptive Pricing’
The agency sent warning letters to dozens of auto groups about what it described as illegal practices and urged them to ensure their pricing policies enable transparency with consumers.
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Used Market Gains Speed
New-vehicle sales fell year-over-year for the fifth month in a row in February, making retail deliveries the slowest they’ve been since 2023, according to a CarGurus report.
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Ford Engineers Tinker With EV Cost, Range
The automaker says its California skunk works is already finding efficiencies to lighten traditionally heavy electric vehicles for lower cost, plus extended range.
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