On the supply side of the equation, supply chain issues have continued the easing that began in the second half of 2022.
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Investment requirements from manufacturers vary widely with estimated costs ranging from $100,000 to over $1 million per store.
The agreement could be valued at approximately $200 million depending on how many customers elect to participate.
Much of this increase is directly attributed to the recent large volume of fleet car sales and Californians’ appetite for zero emission vehicles.
EVs continue to lead the way when it comes to automotive complexity and their repair represents a significant cost delta over ICE vehicles.
New locations add to the company's growth in the state by joining its dealerships in Red Bud and New Athens, while also close in proximity to its Muscatine and DeWitt dealerships in Iowa.
VinFast joins 37 other OEMs and insurers who also require Gold Class status for their network repair facilities.
