The average transaction price of a new car has slowly been coming down since it peaked during the pandemic, but it’s still scarily close to $50,000. That might work for rich people, but most people can’t afford to spend that kind of money on a car. The good news is, even though you can’t get a new car for less than…
We recently reported that Lucid is going to start aiming downmarket with a lineup of cheaper vehicles, and just a few days later we’re getting our first real look at what one of those cars will look like. Lucid posted a teaser image of its upcoming midsize crossover, giving us a pretty good look at the model’s design.
Good morning! It’s Thursday, September 5, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know.
Depreciation is hitting EVs hard. Many models that were once some of the hottest cars on the market can be found with prices so cheap you’d be dumb not to buy them. One segment getting hit particularly hard is luxury EVs. Lucid might be the poster child of this depreciation. - Lawrence Hodge Read More
Making a sequel anywhere as good as the original is a difficult task, so thankfully when Hyundai went about refreshing its smash-hit Ioniq 5, it didn’t muck up the electric crossover’s winning original formula. When the Ioniq 5 first hit the market just two years ago in 2022, it was praised for its distinctive…