News/Media Release
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.
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.
Electric vehicle sales dipped in the second quarter, despite record incentives and a growing model lineup. The market braces for a federal tax credit phase-out that could skew sales trends.
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June figures show that for the first time this year, days’ supply of used vehicles is nearly flat compared to levels seen in 2019.
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Enough vehicles are sitting on lots as vehicle days’ supply hovers above last year’s levels, and sales volume lingers well below available inventory.
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Auctions are seeing a drop in off-lease and off-rental vehicles, but overall sales for the first half of the year are still pacing ahead of 2024 levels.
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Wholesale appreciation trends have been more volatile over Q2 as tariffs affected new sales and supply, and the used marketplace.
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The electric vehicle market looked like a grab bag of trends as industry pressures and market dynamics shift.
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A mixed sales bag included gains at dealer auctions from trade-ins, a spike in used EV sales, and a spurt in 1–2-year-old vehicles from rental fleets.
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The key metrics of the used vehicle market are either slightly down or barely up, but affordability remains a challenge.
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The provider’s patented approach has found a direct and useful way to communicate the level of vehicle privacy with consumers for specific vehicles.
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However, new-vehicle sales slowed notably in May, falling to 15.6 million from 17.3 million in April.
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