Latest news with #MSRP
Miami Herald
4 days ago
- Automotive
- Miami Herald
EV Ownership in 2025 Comes With Higher Costs for Insurance, Depreciation, and Charging
EV makers trumpet an average transaction price of $59,255 in April 2025, yet that "deal" hides an 11.6 percent incentive discount before you even charge the battery. Add the $1,500 for home-charger installation, and you're already $10,000 beyond a comparable gas SUV, incentives aside. EV proponents love to tout "fuel savings," but grid electricity now averages 16.13 ¢/kWh across the U.S. At 30 kWh per 100 miles, that's $4.84 in juice, or about a third of gasoline's $14 for 100 miles at $3.50/gal and 25 mpg. Nice, right? Yet the devil lurks in the details: public fast-charging premiums, demand surcharges and urban "idle" fees can double that rate in a heartbeat. Maintenance feels breezy at $0.04/mile versus $0.08/mile for an ICE (saving roughly $3,000 over five years), but cheap brake pads can't cover body-shop bills when a battery swap runs $12,000 out of warranty. An early-adopter premium evaporates faster than electrons at the charging station. When it comes to depreciation, EVs lose an average 58.8 percent of their value over five years, versus 45.6 percent for gas cars. On a $60,000 EV, that's a $35,300 hit; a similar ICE drops "only" $27,300. Expect to shell out about 20 percent more in insurance. On average, you're looking at $337 monthly for EVs versus $281 for gas cars, thanks to pricier parts and repair times. That's roughly $3,000 extra over five years. • Upfront Premium: $6,879 in incentives subtracted from MSRP doesn't offset the $10,000 charger & dealer markup.• Depreciation Gap: EV owners bleed an extra $8,000 in resale losses over five years.• Insurance Levies: EVs tack on $3,000 more in premiums.• Infrastructure Fees: City curb-side charging, demand surcharges, and road-usage taxes lurk in 2025's policy playbook. Your next EV purchase should come with a spreadsheet, not just an excited thumb-twitch to "order now." Demand transparent TCO projections from dealers. Insist on five-year cost estimates that include charger installation, insurance, depreciation, and all the "voltage-supply chain" fees they'd rather bury in small print. If automakers want EW (electrification wow) to catch on, they need to own these costs as boldly as they tout eco-credentials. Otherwise, consumers will unplug from sticker hype and power down to real-world numbers. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Car and Driver
25-05-2025
- Automotive
- Car and Driver
When Is the Best Time to Buy a Car?
Timing may not be everything when it comes to buying a new car, but it's definitely an important factor. While the manufacturer's suggested retail price (MSRP) for a model generally stays constant over a model year, the actual price you pay at a dealer can vary. Spoiler alert: There is no perfect time to buy a car, no one-size-fits-all magic answer—it depends on a lot of factors, like which car you're buying, where you're buying it, and how much demand there is for what you want. And sometimes the decision is made for you. For instance, if your main form of transportation dies or gets totaled in a wreck, you may not have a lot of choice in the buying timeline. But even if you don't have a ton of flexibility, we'll arm you with the information necessary to get a good deal on your schedule. Seasonal Trends: When Dealerships Offer the Biggest Discounts The end of the calendar year and the end of a model year are two good times to buy. David Gluckman Contributing Editor Ever since David was a wee Car and Driver intern, he has kept a spreadsheet listing all the vehicles he's driven and tested. David really likes spreadsheets. He can parallel-park a school bus and once drove a Lincoln Town Car 63 mph in reverse. After taking a break from journalism to work on autonomous vehicles, he's back writing for this and other automotive publications. When David's not searching for the perfect used car, you can find him sampling the latest in gimmicky, limited-edition foodstuffs.
Business Mayor
21-05-2025
- Business
- Business Mayor
Nike will raise prices on a wide range of products as soon as this week
Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | Reuters Nike will raise prices on a wide range of footwear, apparel and equipment as soon as this week as the retail industry braces for tariffs to hit its profits, CNBC has learned. Prices for Nike apparel and equipment for adults will increase between $2 and $10, a person familiar with the matter said. Footwear priced between $100 and $150 will see a hike of $5, while sneakers priced above $150 will see a $10 increase, the person said. The price hikes will be in effect by June 1, but could be seen on shelves as soon as this week, the person said. The increases cover a large portion of Nike's assortment, but many products will remain the same price. The prices of children's products will not increase, nor will items priced under $100, according to the person. The company is trying to be cognizant of the financial challenges families are facing and doesn't want parents to see higher prices when shopping for their children during the back to school season. Further, Nike's Air Force 1 shoe will remain $115, the person said. 'It's a shoe that people in the workplace wear,' the person said. 'It's comfortable, accessible.' Jordan brand apparel and accessories also won't see increases, but Jordan sneakers will. Nike said in a statement that 'we regularly evaluate our business and make pricing adjustments as part of our seasonal planning.' The company did not say the decision was related to tariffs. While it is common for retailers to regularly adjust their pricing structure, the footwear industry has been particularly hard hit by President Donald Trump's new tariffs. Currently, Nike manufacturers about half of its footwear in China and Vietnam, which Trump has hit with his new levies. Chinese goods face a new 30% tariff, while imports from Vietnam are currently subject to a 10% duty. Trump cut the tariff rate on Vietnamese goods from 46% for 90 days in early April. Tariffs are expected to hit Nike's profit margin and it can offset the effect through price increases, especially as the sneaker giant works through a turnaround that's taking longer than expected. Nike's profits were already under pressure before tariffs took effect because it has needed to rely on discounting to move product. The price hikes will be the MSRP rate that consumers see at Nike stores and on its website. It has sent a note out to wholesale partners about the price increases, but how they'll show up at places like Dick's Sporting Goods and Foot Locker isn't immediately clear.
NBC News
21-05-2025
- Business
- NBC News
Nike will raise prices on a wide range of products as soon as this week
Nike will raise prices on a wide range of footwear, apparel and equipment as soon as this week as the retail industry braces for tariffs to hit its profits, CNBC has learned. Prices for Nike apparel and equipment for adults will increase between $2 and $10, a person familiar with the matter said. Footwear priced between $100 and $150 will see a hike of $5, while sneakers priced above $150 will see a $10 increase, the person said. The price hikes will be in effect by June 1, but could be seen on shelves as soon as this week, the person said. The increases cover a large portion of Nike's assortment, but many products will remain the same price. The prices of children's products will not increase, nor will items priced under $100, according to the person. The company is trying to be cognizant of the financial challenges families are facing and doesn't want parents to see higher prices when shopping for their children during the back to school season. Further, Nike's Air Force 1 shoe will remain $115, the person said. 'It's a shoe that people in the workplace wear,' the person said. 'It's comfortable, accessible.' Jordan brand apparel and accessories also won't see increases, but Jordan sneakers will. Nike said in a statement that 'we regularly evaluate our business and make pricing adjustments as part of our seasonal planning.' The company did not say the decision was related to tariffs. While it is common for retailers to regularly adjust their pricing structure, the footwear industry has been particularly hard hit by President Donald Trump 's new tariffs. Currently, Nike manufacturers about half of its footwear in China and Vietnam, which Trump has hit with his new levies. Chinese goods face a new 30% tariff, while imports from Vietnam are currently subject to a 10% duty. Trump cut the tariff rate on Vietnamese goods from 46% for 90 days in early April. Tariffs are expected to hit Nike's profit margin and it can offset the effect through price increases, especially as the sneaker giant works through a turnaround that's taking longer than expected. Nike's profits were already under pressure before tariffs took effect because it has needed to rely on discounting to move product. The price hikes will be the MSRP rate that consumers see at Nike stores and on its website. It has sent a note out to wholesale partners about the price increases, but how they'll show up at places like Dick's Sporting Goods and Foot Locker isn't immediately clear.
CNBC
21-05-2025
- Business
- CNBC
Nike will raise prices on a wide range of products as soon as this week
Nike will raise prices on a wide range of footwear, apparel and equipment as soon as this week as the retail industry braces for tariffs to hit its profits, CNBC has learned. Prices for Nike apparel and equipment for adults will increase between $2 and $10, a person familiar with the matter said. Footwear priced between $100 and $150 will see a hike of $5, while sneakers priced above $150 will see a $10 increase, the person said. The price hikes will be in effect by June 1, but could be seen on shelves as soon as this week, the person said. The increases cover a large portion of Nike's assortment, but many products will remain the same price. The prices of children's products will not increase, nor will items priced under $100, according to the person. The company is trying to be cognizant of the financial challenges families are facing and doesn't want parents to see higher prices when shopping for their children during the back to school season. Further, Nike's Air Force 1 shoe will remain $115, the person said. "It's a shoe that people in the workplace wear," the person said. "It's comfortable, accessible." Jordan brand apparel and accessories also won't see increases, but Jordan sneakers will. Nike said in a statement that "e regularly evaluate our business and make pricing adjustments as part of our seasonal planning." The company did not say the decision was related to tariffs. While it is common for retailers to regularly adjust their pricing structure, the footwear industry has been particularly hard hit by President Donald Trump's new tariffs. Currently, Nike manufacturers about half of its footwear in China and Vietnam, which Trump has hit with his new levies. Chinese goods face a new 30% tariff, while imports from Vietnam are currently subject to a 10% duty. Trump cut the tariff rate on Vietnamese goods from 46% for 90 days in early April. Tariffs are expected to hit Nike's profit margin and it can offset the effect through price increases, especially as the sneaker giant works through a turnaround that's taking longer than expected. Nike's profits were already under pressure before tariffs took effect because it has needed to rely on discounting to move product. The price hikes will be the MSRP rate that consumers see at Nike stores and on its website. It has sent a note out to wholesale partners about the price increases, but how they'll show up at places like Dick's Sporting Goods and Foot Locker isn't immediately clear.
