Car Sales Are Picking Up, Year-end Incentives Are High

Americans bought about 15.5 million cars last year. Kelley Blue Book's parent company, Cox Automotive, says it's on pace to buy 16 million cars this year. Many prospective car buyers stayed home during the stressful election period, said Charlie Chesbrough, senior economist at Cox Automotive. However, “Now that the US election is just around the corner… Photo and Credits: This Read More

As EV Sales Slump, Volkswagen Scales Back Battery Factories Buildout

Enlarge / A VW worker on the assembly line at Emden in Germany. Volkswagen Volkswagen will wait to see what electric car demand is like before building out all six of its previously planned battery factories. Thomas Schmall, VW’s board member in charge of technology, told a German newspaper… Photo and Credits: This article is from Jonathan M. Gitlin and Read More

As EV Sales Slump, Hertz’s Bargain Sale Sees Used Teslas Drop To $25,000 Without Discount

The race for the $25,000 EV in the U.S. auto market has been won, but not in the way the auto industry hoped. Hertz Global Holdings Inc. has been in Tesla sales mode since January, selling 20,000 electric vehicles from its global fleet, accounting for nearly a third of the rental car company’s existing EVs. Source: www.cnbc.com