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Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
After a successful pilot in late 2021, Penske placed an order for 750 all-electric vans from Ford.
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But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
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At the end of March, the average listing price was $27,246, off record levels in December when it surpassed $28,000. The list price was down some from the end of February when it was a revised $27,609.
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Shopper interest in electric vehicles has increased to 66% since January, when gas prices started to rise.
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The pilot program goes national to give clients more detailed vehicle information to make smarter buying decisions.
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The Japanese automaker will pursue a global effort to tailor EVs and powered products to the market characteristics of each region it serves.
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Consumers have paid more than MSRP for each of the last 10 months, whereas one year ago, non-luxury vehicles were selling for more than $1,300 under MSRP.
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The second quarter – especially April – will be the strongest part of the year for used vehicle sales and values, and then slow down but not crash.
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Ford's Otosan factory in Kocaeli, Turkey celebratesa landmark moment as the electric van reaches volume production with customer orders at 5,000+ units.
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On a month-over-month basis, all major segments saw seasonally adjusted price declines, with pickups declining the most.
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