Category: Automotive Deals

MULN Stock Alert: Mullen Announces $63 Million Order

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Source: Ringo Chiu / Shutterstock Among the meme stocks gaining traction today is Mullen Automotive (NASDAQ:MULN). Shares of MULN stock have surged more than 8% in today’s session, moving off of an all-time low seen over the past week. This move is on some rather compelling news for speculators and investors in this upstart electric vehicle (EV) maker. Mullen announced an impressive 1,000-vehicle order from the Randy Marion Automotive Group’s (RMA) Randy Marion Isuzu, LLC segment. The company reports that the deal should amount to $63 million when all Class 3 EV cab chassis trucks are delivered. RMA is a…
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US House committee chair ‘concerned’ by Tesla deals in China | Automotive Industry News

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The leader of a United States congressional committee on China has expressed concern about electric carmaker Tesla’s dependency on China, a day after the company revealed plans to open a Megapack battery factory in Shanghai. Tesla announced the factory in a tweet on Sunday, and Chinese state media said it would initially produce 10,000 Megapack units a year, equal to around 40-gigawatt hours of energy storage, and complement a huge existing Shanghai plant making electric vehicles. Mike Gallagher, the Republican chair of the House of Representatives’ select committee on China’s Communist Party, said on Monday he would like to know…
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Average New Vehicle Prices Dip Below MSRP

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New vehicle prices remained high, even though the average new car price dipped below the MSRP in March. According to a new report from Cox Automotivethe average vehicle transaction price is still higher than last year, even though new car prices are below the MSRP for the first time in 20 months. In March, the average transaction price of a new car in the US fell to $48,008, a month-over-month decrease of around $550 or 1.1% from February’s ATP of $48,558. With transaction prices down, we’re also seeing an increase in incentive spending from manufacturers with an average of about…
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The Most Discounted New Cars Right Now

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Most months there are a few models that are given an extra push with incentives tied to supply and/or a coming redesign. Automakers and dealerships need to make room for new vehicles. These days there’s plenty of room, but some models are still more popular than others. Transaction prices remain elevated for most vehicles, though, and the amount you can save varies greatly by model and even trim. It might seem surprising, but there are many vehicles that are selling for close to the manufacturer’s suggested retail price. Supply and demand still rule the day. For this list, we focused…
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Car dealerships sell in 4 states in single-store deals

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Morrie’s Auto Group made its first acquisition of 2023 and entered a new part of Minnesota with the purchase of a Stellantis store this month. Morrie’s, of Minnetonka, Minn., west of Minneapolis, on April 3 bought Brandl Motors Chrysler-Dodge-Jeep-Ram from longtime owners Joe Sexton and Gary Posch. The dealership was renamed Morrie’s Little Falls Chrysler-Dodge-Jeep-Ram. Little Falls, north of St. Cloud, is now the northern-most Minnesota location in the group’s portfolio, Morrie’s Auto CEO Lance Iserman said. “They wanted to exit the business, and this is their only store,” said Iserman of the sellers. “We thought it was a great…
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New GM EVs Won’t Support Apple CarPlay

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Smartphone applications like Apple CarPlay and Android Auto have become must-haves for a lot of consumers. Instead of having to interact with an automaker’s infotainment system, which can be confusing and unintuitive, these features mirror your smartphone’s screen to the main display. Automakers, though, are investing millions into developing better infotainment systems and want people to stop using smartphone connectivity features. While smartphone mirroring, especially Apple CarPlay, maybe some of the more popular tech features on sale, GM announced that it would eliminate Apple CarPlay and Android Auto from its EVs. The first electric vehicle from GM that won’t have…
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Analyze Key Trends, Biggest Brands and Spenders, Deals, Product Category Breakdown and Case Studies

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Company Logo Dublin, April 03, 2023 (GLOBE NEWSWIRE) — The “Sports Sponsorship by the Asia-Pacific (APAC) Automotive Industry – Analysing the Trends, Biggest Brands and Spenders, Deals, Product Category Breakdown and Case Studies” report has been added to ResearchAndMarkets.com’s offers. This automotive (APAC) report provides deep insights into the automotive sponsorship market trend, the dominant geographical market, most active sport and properties in the APAC region for the automotive sector. Furthermore, the report gives an in-depth look at the automotive sector’s biggest deals, dominant secondary sectors, product categories, major spenders, and the most active brands in the APAC region together…
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When Is the Best Time to Buy a Car?

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Best holidays to buy a car Three-day weekends It’s hard to miss the inflatable eagles, gorillas and wacky waving tube men that dot car lots, to say nothing of the ads that promise “rock-bottom” prices. Does a “Star-Spangled Sale-a-Bration” mean savings for you? It can, but be prepared for a busier-than-normal showroom. Ideally, you want to do your research and test drive before the holiday and close the deal on the weekend. Or, better yet, sew up the deal on the first weekday after the weekend. Here’s a deeper dive into shopping on a holiday weekend. And the following is…
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