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ARTICLE · 20 SEPTEMBER 2022

Wholesale Used-Vehicle Prices Fell 'Substantially' Through August

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Wholesale used-vehicle prices fell "substantially" in August to cap off a summer that had been marked by more gradual monthly price declines. Cox Automotive said Thursday that wholesale prices declined 4 percent...

CanadaTransport
Crowe MacKay LLP
Crowe MacKay LLP
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WHOLESALE USED-VEHICLE PRICES FELL 'SUBSTANTIALLY' THROUGH AUGUST

Wholesale used-vehicle prices fell "substantially" in August to cap off a summer that had been marked by more gradual monthly price declines. Cox Automotive said Thursday that wholesale prices declined 4 percent in August compared with July. The Manheim Used Vehicle Value Index — an indicator of used-vehicle market pricing trends — declined to 210.8, down from 219.6 in July.

Source: Automotive News

BMW TOUTS 'TECHNOLOGY LEAP', LONGER-RANGE, FASTER-CHARGING BATTERIES

BMW AG plans to buy electric-vehicle batteries from six new factories to be set up and run by companies including Contemporary Amperex Technology Co. Ltd. and Eve Energy Co. as the world's biggest luxury-car maker attempts to overhaul its supply chain. Two plants each in Europe, China and North America will produce round lithium-ion cells that enable longer ranges and faster charging than the prismatic cells BMW currently uses,

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