The total U.S. supply of available unsold new vehicles in November climbed 57%, or 925,000 units, from the same time a year ago.
Available in four different price trims, the new 2024 Kia Sportage SUV has a starting MSRP of $28,290.
Production for the electric SUV will begin in the first half of 2024, with two powertrain options.
Supply chains have stabilized while market headwinds from high interest rates and high prices are muting sales.
The Volvo fleet team hosted 70 fleet professionals at its New Jersey headquarters to drive and experience the Volvo product line, including the new all-electric Volvo EX30 and EX90 models.
Expected to arrive at dealerships in November 2023, the 2024 starts with an MSRP at $27,650 for the LE grade.
Outfitted with an upgraded 82 kWh battery, the ID.4 electric compact SUV will be available in three trim levels, with the price to be revealed close to its launch date.
The new SUV model has three seating rows complete with a turbocharged engine, different driving modes, and new technological features.
While inventory is up substantially compared to 2021 and 2022 levels, it remains low by historical standards.
In five short years, new BEV launches have risen from 6% in 2018 to 70% in 2023, according to a recent Dataforce analysis.
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