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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The service enables used EV sellers to receive firm offers in under an hour, and expands dealer access to EV inventory.
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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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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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Wholesale appreciation trends have been more volatile over Q2 as tariffs affected new sales and supply, and the used marketplace.
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Rental fleet sales stand out with continued increases year-over-year and year-to-date but no longer prop up the fleet segment.
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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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While the market digests the impact of tariffs, it could see slightly higher levels of wholesale depreciation over the summer.
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Rental fleets continue upward while commercial and government fleets decline again.
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These six best practices can help automotive companies and operations embrace and gradually adjust to a data-driven, AI-informed business model.
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With the Court of Appeals temporarily restoring 25% Tariffs, costs, supply chains, and the policy landscape remain uncertain.
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