New vehicle sales in the U.S. rose nearly 5% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed during the first three months of the year, with mainstream buyers wary of limited range and availability. Automakers, most of which reported U.S. sales numbers Tuesday, sold nearly 3.8 million vehicles in the first quarter versus a year ago, for an annual rate of 15.4 million in sales.
With inventory on dealer lots growing toward pre-pandemic levels, auto companies were forced to reduce prices. J.D. Power said the average sales price in March was $44,186, down 3.6% from a year ago and the largest recorded decline for the month of March. The company said automaker discounts in March were two-thirds higher than a year ago, around $2,800. That includes increased availability of lease deals. J.D. Power expected leases to account for almost a quarter of retail sales last month, up from 19.6% in March of last year
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پاکستان تازہ ترین خبریں, پاکستان عنوانات
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New Car Sales in the US Increase, Electric Vehicle Growth Slows DownNew car sales in the United States increased by nearly 5% from January to March this year, as buyers remained in the market despite high interest rates. However, the growth in electric vehicle sales slowed down in the first three months of 2024 due to conventional buyers' concerns about limited range and lack of charging stations.
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As electric vehicle sales slow, US relaxes plans for stricter auto emissions standards for a whileThe Biden administration this week is expected to announce new automobile emissions standards that relax proposed limits for three years but eventually reach the same strict standards proposed by t…
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As electric vehicle sales slow, US temporarily relaxes plans for stricter auto emissions standardsThe Biden administration is expected to announce new automobile emissions standards that relax proposed limits for three years but eventually reach the same strict standards proposed by the EPA.
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Nissan targets 1 million extra vehicle sales in next 3 years, aims to cut EV costsNissan is targeting an additional 1 million unit sales in the next three years and a 30% reduction in electric vehicle production costs by 2030.
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