News
Used EVs Strengthen Overall Electric Vehicle Market
The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
Read More →The latest sales data point to several reasons for the divergent trends in new and used EVs that can factor into fleet cycling decisions.
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Commercial and government fleets sales start the year with losses while rental fleet purchases show a healthy rise.
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Analysis/Commentary: Billions have already been deployed toward EV manufacturing, and the industry cannot walk away from it, but we need to find a way to do this profitably.
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The latest numbers on sales, days' supply, and average transaction prices show a growing EV market at the end of 2024.
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The market moves reflect an ideal blend of improved consumer sentiment, bigger discounts, and evident optimism in the market.
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Lower interest rates, more incentives, and increased incomes could not offset the effects of higher prices, which drove down affordability.
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Domestic sales of EVs benefitted from strong incentives from the automakers, excellent lease deals, and federal and state incentive programs.
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Rental fleet vehicles gained the most and totaled almost half of all fleet sales last year.
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Used EV sales rose a whopping 63% so far year over year, while new EV sales increased about 14%.
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Many buyers waiting for the best deals realize now is the time to buy a vehicle before the new Administration's possible policy changes.
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A leading vehicle consignors and remarketing group is hosting an industry session about the coming shift in electric vehicle policies under the Trump administration.
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