2009 Mercedes-benz Clk550 Premium 2 Pkg Convertible 2-door 5.5l on 2040-cars

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Average new-vehicle transaction price hits a whopping new peak in December

Elevated prices for products and higher borrowing rates led to record high transaction prices for new vehicles in December, with the average cost in the U.S. rising to a record $49,507, according to data from Kelley Blue Book released today. The report notes that ATPs — average transaction prices — have climbed above suggested retail prices — MSRPs — for more than a year. Sales volumes were up in December on a year-over-year basis by more than 5%, a situation Kelley attributed to improved supply. Overall sales for 2022, however, were off 8% year over year. “The transaction data from December clearly indicates overall prices showed no signs of coming down as we headed into year-end,” said Rebecca Rydzewski, research manager of economic and industry insights for Cox Automotive. “Luxury prices fell slightly in December, but non-luxury transaction prices were up. Truck sales were particularly strong last month, and with many trucks selling for more than $60,000, a new record was all but inevitable.” Industry analysts claim the most obvious headwinds in the new car market are generated by higher interest rates, forced by the Federal Reserve's rate hikes intended to tame inflation, and by generally limited inventory. A recent report from J.D. Power showed that the average monthly payment for a new vehicle loan in December was $718, up $47 from a year ago. But 16% of consumers in December took out loans with monthly payments of over $1,000. Consumers think vehicles, and electric vehicles especially, are way too expensive. Fortunately, manufacturersÂ’ incentives, all but extinct in the past two years, are returning, especially in the electric-vehicle and luxury market, the Kelley data suggest. Plus, "With the new tax credits on the way, electric vehicle ATPs will drop lower for qualifying vehicles,” Rydzewski said. Non-luxury brands, such as Honda and Kia, showed particularly strong performance in December, with the average price paid at $45,578 — a record high and an increase of $994 month over month. Meanwhile, the average luxury buyer paid $66,660 for a new vehicle last month. Mercedes-Benz and Land Rover showed the most price strength in the luxury market, transacting between 2.6% to 6.5% over sticker price. But luxury brands Audi, BMW, Infiniti, Lexus, Lincoln, and Volvo showed the least price strength with some discounting in effect, selling 1% or more below MSRP in December, according to the survey.

Mercedes could make EV batteries with Audi, BMW

It's not a big leap from digital maps to batteries, it turns out.The head of Mercedes-Benz parent Daimler said recently that he envisions his company working together with German automotive competitors BMW and Volkswagen to further accelerate electric-vehicle battery technology. The three automakers recently worked together to enhance their in-car maps systems. Daimler CEO Dieter Zetsche talked about "commonalities" between automakers, not the least of which is the need for all of them to achieve increasingly stringent fuel-economy requirements in the European Union, at the Frankfurt Auto Show last week, according to Reuters. While these companies have made their own inroads as far as plug-in vehicles go, they are all behind the Renault-Nissan Alliance when it comes to public deployment of electric vehicles. This summer, Daimler, Audi and BMW hooked up to acquire the Nokia Here digital-mapping service for about $2.8 billion. The triad of automakers beat out companies such as Apple and Uber to buy the entity, which was founded in 1986 as Navteq. Nokia bought the company in 2007. The acquisition makes sense as the automakers work on improving their products with features like cloud-based data to warn drivers of icy roads and traffic jams. The technology will likely also eventually be used in autonomous vehicles. Automakers working together for a common goal of improved technology is nothing new, of course. General Motors and Honda agreed in 2013 to work together to accelerate hydrogen fuel-cell drivetrain development. Earlier that same year, Daimler said it would work with Ford and Nissan in a separate collaboration to speed up the development of hydrogen fuel-cell technology. Related Video:

Recharge Wrap-up: Mercedes stationary batteries, 2015 E-Mazing Race

Mercedes-Benz is following Tesla's Powerwall in selling stationary batteries for home, business, and industrial solar energy storage. The lithium-ion batteries will come in 2.5- and 5.9-kWh capacities, and can be linked together. Daimler's vehicle battery technology, "has proven to work for millions of driven kilometers in the toughest environments of heat and cold, which makes it the best candidate also for stationary use," says Harald Kroeger of Mercedes-Benz. Pricing is unavailable as of yet, but Mercedes promises "competitive" pricing when the batteries go on sale at the Intersolar trade fair (June 10 through 12) in Munich, Germany. Read more at Automotive News, or in the press release below. The third running of the E-Mazing Race competition for electric vehicles is underway in Canada. The race challenges drivers to earn the most points by charging at Sun Country Highway charging stations in a month. Contestants needn't have been at the official starting point nor cross the finish line; they just needed to sign up and download the race app to participate. More remote charging stations offer more points when charging, and participants can also win prizes for photos and using social media. The 2015 E-Mazing Race, which began May 27 and ends June 24, is meant to raise awareness of electric vehicles. Sun Country is working on expanding its EV charging infrastructure in the US, so don't be surprised to see the race encompassing most of North America in the future. Read more at Green Car Reports. Linde has opened a new hydrogen fueling station in Innsbruck, Austria. The station, located in the popular destination city that has twice hosted the Winter Olympics, will allow hydrogen-powered vehicles to cross the Alps and travel between Italy and Germany. The station is capable of 700-bar refueling and can fuel six cars per hour. It was built as part of the HyFive project to create hydrogen fueling infrastructure across Europe to facilitate the rollout of fuel cell vehicles. It is the second public hydrogen station in Austria. Read more at Green Car Congress, or in the press release below from Linde.