DAILY ROUNDUP | JUL 06 | $51,974 Cars, Ford 12M Recalls, NAPA $10B, Ioniq 5 -17%
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The logic of car buying has flipped: a high-tech EV can look like the bargain while basic commuter cars get bid up by shoppers trying to escape $52,000 averages.
Today’s episode breaks down Ford’s $1.5 billion quality-cost savings, 12 million vehicles still tied to recalls, record $51,974 new-vehicle asking prices, a 17% Hyundai IONIQ 5 price drop, and O’Reilly’s reported pursuit of NAPA in a deal that could value the parts business at $10 billion or more.
Today's Key Headlines
~Ford cuts…
The skinny
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