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Automakers now can expect to pay up to five times more, an estimated $740 a vehicle, for a 60-day voyage to move inventory overseas.
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The wholesale market continued its decline last week, with the rate of decline remaining consistent with the past seven weeks.
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Autonomy’s EV Market Report highlights the major players, the challenges, the trends, and more in the global transition to electric vehicles.
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Meanwhile, AutoNation, Hendrick Automotive Group top public, private rankings.
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Ongoing shortage forcing brands to trim production, especially in North America.
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Ten cars, three trucks and 13 utility vehicles will advance to finalist round.
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The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
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The seasonally adjusted annual rate is estimated to be near 36.2 million, down from last August’s 40.8 million level and below July’s revised 38.3 million pace.
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The Retention Index continues to decline in August, finishing the month at 184.0 points as consumer demand for used vehicles weakened.
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