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New car prices have been falling for most of 2023, with the average new car selling for $47,936 in October, Kelley Blue Book reported.Overall, new car prices are down 1.4% since October 2022 and 3 ...
As new car supply and sales plummeted, demand for used models increased prices and sales exponentially, leading to some used vehicles costing more than new ones. In fact, in 2022, the average ...
Hyundai Motor Philippines, Inc. (HMPH) is currently the official distributor of Hyundai passenger cars in the country after the company was able to take over operations from HARI in early 2022, [36] Audrey Byun is the CEO, while Lee Dong-wook is the President and Victor Jose Vela is the Deputy General Manager of the company.
Since the 2021 facelift, some markets such as Indonesia [33] and Thailand [34] switched to a CVT replacing the 4-speed automatic. Many markets such as the Philippines, Vietnam, Malaysia, and Mexico retains the older 4-speed automatic gearbox. [35] [36] [37] In February 2024, the Xpander HEV was introduced in Thailand.
The average price has dropped about 2% from a record high of $45,578 set in December 2022. Electric vehicle prices are down about 19% from June 2022, KBB reported. Manufacturer incentives averaged ...
A study published by the Bureau of Labor Statistics, the agency that tracks consumer prices, found that dealer markups accounted for 35% to 62% of new vehicle inflation from 2019 to 2022. Paul Ryan, the CEO of a shopping app that monitors prices across about 40,000 dealerships, remarked, "it was the best of times for car dealers, for sure."
A report from UBS estimates that global car production will exceed sales by 6% this year, leaving an excess of 5 million vehicles that will require price cuts to get sold off of lots, Yahoo ...
The DeLorean Alpha5 is an battery electric sports car designed by Italdesign Giugiaro for the American DeLorean Motor Company.It goes from 0 to 60 mph (0 to 97 km/h) in 2.99 seconds, 0 to 88 mph (0 to 142 km/h) in an estimated 4.35 seconds and has a top speed of 155 mph (249 km/h), and it entered production in late 2024.