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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Monthly YOY and year-to-date sales point to a commercial fleet sector moving more vehicles into remarketing channels during the last six-plus months.
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The arrangement accesses cloud-based software designed to help financial institutions keep track of their vehicle and asset collections and limit repetitive clunky tasks.
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Q2 new electric vehicle sales are up 11% from EV sales in Q2 2023 due mostly to improved availability, higher discounts, and elevated levels of leasing.
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Commercial, rental, and government fleets saw monthly sales decline again as 2024 totals are hovering close to 2023 levels.
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CAR 2024: Negative media headlines about EVs abounded in the past year, bringing a dose of reality mixed with some exaggeration that data and facts can correct.
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Overall, new EV prices peaked in the summer of 2022, during the last gas price surge, and have since generally declined.
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Increases in rental and government fleet sales offset another decline in commercial fleet sales.
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These fleet vehicle models were displayed and promoted at the annual GM Envolve Solutions Summit for fleet managers held April 24-25 in Las Vegas.
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Experts at the 2024 Conference of Automotive Remarketing served up some blunt statistics about electric vehicle challenges, but underscored that EVs offer potential and aren't exiting the automotive scene.
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The total U.S. supply of available unsold new vehicles opened May at 51% above a year ago, but volume is still down 26% from 2019 levels.
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