DAILY ROUNDUP | JUL 09 | Used $27K, EV Index +12%, Toyota $3.6B Texas, Fiat <$15K
Auto News Talk by Auto News Talk
Episode notes
The used-car lot is now the front line of the auto industry’s affordability war, and the cars missing from pandemic-era production are still shaping what buyers can afford today.
Today’s episode breaks down Cox Automotive’s used-car supply squeeze, Manheim’s 213.9 wholesale index, a 12% jump in used EV values, sub-$15,000 micro EVs, Ford’s 741,000-vehicle recall, and Toyota’s $3.6 billion Tacoma production shift to Texas.
Today's Key Headlines
~Used-car shoppers face a rigid affordability floor around $27,000
~Manheim’s Used Vehicle Value Index reaches 213.9
~Used EV wholesale values jump 12% while EV auction conversion hits 57.5%
~Fiat Topolino targets select dealers at under $15,000
~Toyota plans a $3.6 billion San Antonio expansion tied to Tacoma production
00:00 Buying a car is no longer sim ...