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This decision is particularly frustrating for dealers, who have done their part in building the infrastructure and resources required to support the EV transition, said Tim Reuss, president and CEO of Canadian Automobile Dealers Association (CADA). per cent in 2019 to 11.7 per cent in 2023 , according to the federal government.
Sergio Marchionne famously said that Fiat Chrysler Automobiles lost a staggering $14,000 every time someone bought one, which is a staggering amount of money for a pint-sized electricvehicle that used to retail at $32,500. Remember the original 500e? continue reading. )
This indicates that dealers feel pressure to lower prices while still facing challenges in offering the value consumers expect, as incentives remain below 2018 and 2019 levels. ElectricVehicle Sales Sentiment Remains Weak Sentiment about electricvehicle (EV) sales fell to a new low in Q2. Visit coxautoinc.com.
A few short years ago in 2019 roughly 600,000 visitors… Read more. Last week the 2024 edition of the Geneva International Motor Show took place in the halls of Palexpo, like it has for a 120 year-plus history. Except this time the show was fundamentally different. 200,000 visitors were expected over the course of the 2024 show.
New-vehicle transaction prices are expected to decline moderately. For many dealers, their profits will also be affected by higher floor plan costs and the need to invest in infrastructure to support the growing sales of electricvehicles. Nevertheless, Cox Automotive expects 2024 to be the Year of More for EVs.
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