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- Carvana goes parabolic
Carvana goes parabolic
Plus: Porsche's new hypercar, GM partners with Tesla (like Ford), NYC sues Hyundai and Kia, market statistics from Manheim, and more
Happy Friday morning. This is Car Alerts with your weekly round-up from across the car world.
In today’s email:
Carvana stock soars
Full tax credits for Tesla owners
Porsche unveils new hypercar
Wholesale prices down
GM follows Ford’s lead
& more
📈 MARKETS
Note: Stock market data as of Thursday’s market close.
📰 HEADLINES
All Tesla Model 3 versions qualify for $7,500 federal tax credit now. Previously only the “Performance” version qualified.
Porsche unveils “Mission X” as their new electric hypercar concept.
Carvana stock was up huge on Thursday after the company announced cost-cutting initiatives.
GM follows Ford’s lead and adopts Tesla chargers, giving GM EV owners access to 12,000 Tesla superchargers across the U.S. and Canada.
According to Manheim, wholesale used-vehicle prices decreased 2.7% in May from April.
Volvo launched EX30 electric SUV with a starting price of just over $38,000 (cheaper than Tesla’s Model Y). This news comes shortly after Volvo reported sales were up 31%.
Ford debuts $12,000 “FP700” supercharger package which upgrades F-150 trucks to 700-hp.
ATTN: Dealers. Words like “buy” and “check availability” decrease conversion by as much as 23%, according to a study by Shift Digital.
NYC sues Kia and Hyundai over vehicle thefts after viral TikTok challenge.
Lexus unveils off-road monster, GX550. It’s their first update to the GX since 2010.
Mercedes first to sell vehicles in California with hands-free, eyes-off automated driving after receiving an autonomous vehicle deployment permit.
😎 COOL CARS FOR SALE
1992 Lancia Delta Integrale Evo: Low mileage, rally legend.
1999 BMW Z3: Single owner, well maintained.
1995 Chevrolet Impala: Under 5,000 original miles.
2004 Honda S2000: AP2, silver on black.
1956 Ford Thunderbird: Refurbished, Coyote V8.
2003 Mercury Marauder: Rare blue exterior, under 11,000 original miles.
2014 Ford Raptor SVT: First generation, V8.
😂 FUNNIES
That’s all we have for you this week. We’ll see you next Friday morning with more car content.
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