5-figure EV discounts emerge amid bloated inventories

Ford Mach-Es sit on the lot at a Kunes Auto Group's Ford store. EVs have taken 120 days to sell on average at the Kunes' dealerships in the Midwest.

April 18, 2024 12:00 PM

Bloated electric vehicle inventory is pushing automakers and dealers to slash prices, with many discounts reaching far into double-digit percentages.

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Manufacturing

Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

Manufacturing

Automakers would also not be responsible for other tariffs on aluminum and steel, said a White House official on Monday night.

By:

Bloomberg News

Trump to reduce impact of auto tariffs, U.S. Commerce secretary says

Volkswagen

Porsche shipments to dealerships stopped over tariffs, retailers say

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Stellantis shrinks Warren Truck production, gears up to launch Mexico pickup plant

Stellantis

By:

Kurt Nagl, Crains Detroit Business

Stellantis shrinks Warren Truck production, gears up to launch Mexico pickup plant

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See More in Sales

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