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California state agencies today published a report in response to Governor Gavin Newsom’s executive order on zero-emission vehicle (ZEV) deployment. The report, developed with input from the public, charts a path to expand clean and ZEV adoption across all vehicle types, protect public health, and maintain the state’s momentum in the face of federal rollbacks. The report builds on California’s inarguable longstanding leadership in clean transportation. California has already surpassed its initial goal of deploying 2 million ZEVs and leads the nation in ZEV manufacturing jobs and infrastructure.*
“Cleaner vehicles will also save Californians billions of dollars in fuel, maintenance and healthcare costs as the state pushes for the cleanest, most affordable ways to travel,” the agencies said. Continue reading
Used Vehicle Prices Down as Consumer Sentiment Drops
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Wholesale used-vehicle prices on a mix-, mileage- and seasonally-adjusted basis, decreased from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index fell to 206.5, showing a rise of only 1.2% from the full month of August 2024. The seasonal adjustment was responsible for the decline in the index in the month, as it was higher than normally seen. The non-adjusted price change in the first half of August rose 0.6% compared to July, and the un-adjusted price is higher by 1.3% year over year,” according to the latest data released today by Cox Automotive.* (Read AutoInformed.com on: ACSI – Customer Satisfaction with Autos Dropping)
“We started to see stronger sales trends in late July and early August for retail and wholesale markets, and that’s causing some additional volatility in wholesale pricing trends in recent weeks, against a stronger comparison from last year,” said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. Continue reading →