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Cox Automotive said wholesale prices declined 4 percent compared with July.

The deal marks Mullen’s first foray into the electric truck market, with Bollinger Motors introducing both electric SUVs and chassis cabs in the past half-decade.

Mercedes and the U.S. electric pickup maker will build full-electric vans together at a factory in Europe. Mercedes will also launch a new electric-only platform for vans.

Ineos, the British chemical company whose first vehicle, the Grenadier SUV, is now in production, is gearing up for its North American launch about a year from now.

Higher-priced trims will offer up to 300 miles of range, Super Cruise hands-free driving technology and a 17.7-inch touch screen.