EPA reportedly planning to announce significant limits on tailpipe emissions to boost electric vehicle adoption.
A notable decline in used vehicle prices toward the end of last year has been roughly cut in half in 2023, as inventories remain lower and prices are high.
Cox Automotive reports wholesale used vehicle prices increased 4.3% in February from January — marking the largest increase between the two months since 2009.
Cox Automotive expects wholesale used vehicle prices to end the year down 4.3% from December 2022.
The company said it’s still on track to make between 6,000 and 7,000 of its luxury sedans this year.
The deal will help Renault develop new onboard and offboard applications, the companies said.
Shares of Carvana posted their worst day on record Friday after the company missed Wall Street’s top- and bottom-line expectations for the third quarter.
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