It is the highest level of interest in electrified vehicles that the Kelley Blue Book Brand Watch report has ever measured. Electrified vehicles sales soar 60%.
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New entries including the Chevrolet Bolt EUV, the Ford Mustang Mach-E, and Volkswagen’s ID.4 helped drive down average EV prices.
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Second quarter numbers show emerging competition for buyer choices as more models enter the market.
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The Ford F-150 Lightning, Mustang Mach-E, and Maverick are gaining buyer interest and demand.
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Cox Automotive Analysis: Fleet sales are still stuck in first gear, estimated to have increased by only 5% year over year but remain down by more than 40% from 2019.
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A Kelly Blue Book report shows growing interest in electric and green vehicles, especially SUVs.
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Sales to fleet buyers were off notably last quarter – down 28% percent from Q1 2020 – but robust retail sales more than covered fleet’s shortfall and provided reason to believe new-vehicle sales have recovered from the pandemic meltdown.
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Strong Toyota hybrid sales and new EVs entries are driving the growth.
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