Such policies attracted international investments into the trade by offering incentives similar to tax exemptions and tariff reductions. Nothard also explored the used market for battery electrical automobiles – and highlighted that just 11% of unbiased sellers stocked BEVs as a half of their used car stock in 2022, compared to 64% of franchised dealers. This creates uncertainty around the pricing and availability of pre-owned electric autos. Analysts count on Rivian to generate $4.1 billion in revenue this year with an adjusted EBITDA lack of $4.2 billion. Based on these estimates and Rivian’s enterprise worth of $18.7 billion, Rivian’s inventory nonetheless seems moderately valued at less than 5 times this yr’s sales. For reference, the luxury EV maker Lucid Group– which solely expects to provide about 10,000 automobiles this yr — nonetheless trades at 17 occasions this yr’s gross sales.
LeasePlan has appointed Patrick Sommelet as deputy chief executive officer and group chief financial officer. Cox Automotive’s charity companion, Shelter, helps folks in housing need by providing recommendation and sensible assistance.
Used Car Market Set For Gradual Restoration This Year, Predicts Cox Automotive
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