Car Vendor, Automaker Tensions Rise Over State BillsAutomotive News
BloombergNEF’s annual lithium ion battery value survey confirmed a 7 p.c increase in average pack costs in 2022 — the first time ever. “Inventories are on tempo for a fourth consecutive month of double-digit increases. Consumers, nevertheless, proceed to face affordability challenges and excessive monthly payments, preserving many on the sidelines,” said Zack Krelle, business analyst at TrueCar. “To preserve gross sales momentum, producers look like shifting a few of the new provide to non-retail gross sales.” Ciocca Dealerships, of Allentown, Pa., retailed 15,247 new automobiles in 2022, up 26 percent, vaulting it 32 spots up the record to No.…
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