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Meanwhile, it’s cheaper now to lease an EV than to buy one.
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NADA says estimate doesn’t include service equipment, power company costs.
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They say profit margins from combustion vehicles will rise for a few years until a widespread consumer shift toward electric vehicles.
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Sources cite EPA concerns over finalizing the intricacies of the EV portion of ruling by the June 14 deadline.
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Law treats leased vehicles as commercial, giving consumers an end around.
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S&P Global Mobility research finds the average age of gas-powered U.S. cars and light trucks has climbed to 12.5 years.
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Consumer demand also ballooned in period of dealership infrastructure investment in transition.
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Strong result driven by higher sales volume, consistent cost management and focus on efficiency.
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EV market leader's price swings still rippling across the industry.
Read More →Investments in replacement parts distribution centers follow double-digit increases in aftermarket parts sales.
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