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Latest Electric News

This Week in Car Buying: Used car prices soften

The expected glut of off-lease and used vehicles may already be making its presence known by a softening in first quarter used-vehicle pricing, Kelley Blue Book data shows. Overall, auction values for used 1- to 3-year-old vehicles declined 1.3 percent or about $235 per vehicle through March.  Typically, the used vehicle market sees an increase in Read more...


Tesla Model S facelift adds range, features

The flagship sedan of Elon Musk’s high-profile electric fleet will be getting an early start on 2017 thanks to a facelift and functional upgrades all of which are heading into production this week. Highlighting the first-ever round of exterior changes on the Tesla Model S is a recast front fascia that copies the look of the Model X. It dispenses with the Read more...


Along with strong March sales, automakers also saw average transaction prices continue to climb, however, that number is being undercut slightly by rising incentive costs. The average cost of new car was $33,666 during the month, a 2-percent bump over a year earlier, but flat from the previous month. “March average transaction prices reveal continued Read more...


Promising to take his EV game into the affordable arena, Elon Musk unveiled the all-new Tesla Model 3 last night to a mixed gathering of media and owners at the Space X facility in Hawthorne, California. Like other Tesla reveals, this one was pretty light on specifics. But based on tidbits shared by Musk and a brief, albeit enlightening, check ride in a Read more...


Contrary to conventional wisdom that new car sales have plateaued, March results show that the market is still hot, with an expected 8-percent increase in sales for the best monthly sales result that the industry has seen in 10 years, according to Kelley Blue Book data. The figures predict a 1.66 million unit tally for March, which translates to a 17.2 Read more...


Recovering from a drop in sales as a result of the massive winter storm that blanketed a portion of the East Coast, the auto market is on track to post its best February in 16 years, according to Kelley Blue Book estimates. KBB data indicates sales are expected to increase 9 percent over last year for a Seasonally Adjusted Sales Rate (SAAR) of 17.9 million Read more...


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