Decline In Average New Car Price

The average price of a new car sold in January was $47,401, down 2.6% from December. Since January last year, prices have fallen by a significant 3.5%. “December is typically a busy month for luxury car sales, so it’s typical to see lower transaction prices and sales in January,” said Erin Keating, executive analyst at Cox Automotive. Stated. “but… Source: Read More

Fewer Cars Qualify For The $7,500 EV Tax Credit.Here Are Two Alternatives

Uwe Krejci | Digital Vision | Getty Images The Inflation Control Act, signed into law by President Joe Biden in August, is the most ambitious climate spending package in U.S. history. The law provided tax incentives to encourage Americans to switch to cleaner cars and trucks, among other measures. Source: www.cnbc.com

Here’s Why The Tesla Model Y Is The Fastest-selling Used Car In The US

of tesla According to , the Model Y emerged as the best-selling used car in the U.S. in June 2022. Recent research conducted by ISeeCars.com. The study revealed that the electric SUV model took an average of 24.9 days to go from dealer lots to sales. This number is approximately double… Source: www.hotcars.com