Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
News/Media Release
Staff
Staff
Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
While consumer sentiment remains subdued, early reads suggest confidence is recovering amid good vehicle sales supported by lower APR rates.
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Better affordability compared to new vehicles and a larger selection of newer model year vehicles rank among the drivers of this market.
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Manufacturer sales, including off-rental units repurchased by the OEMs, soared more than 80% year-to-date compared to last year.
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The decline in the average transaction price was mostly expected, as sales of expensive EVs fell sharply as government incentives expired Sept. 30.
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As more tariffed products replace non-tariffed inventory, prices are tracking higher, which should lead to slower sales
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EV buyers took advantage of the final federal tax credit days, while average prices edged up for new EVs and continued to decline for used models.
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But sales remain strong, up 7% compared to the previous year, as the used market offers a better value for consumers avoiding pricier new cars.
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Average transaction prices broke the $50,000 barrier, driven by wealthier buyers and higher-end vehicles.
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But most OEMs record low-volume sales, which means EV profitability remains a distant dream for nearly every automaker.
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Wholesale values remain elevated against normal depreciation trends, even with declines in September, and right as tax incentives on EVs end.
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