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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Sales conversion is running several points above the previous three years, including 2021, indicating that buyer demand is relatively strong despite all the uncertainty in the market.
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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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Shoppers will no longer pay a premium for electric vehicles and consider electric powertrains a detractor, making them less desirable, iSeeCars study shows.
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The vehicle reconditioning executive worked in the automotive auction industry for more than 50 years and was the founder of CARS Recon, Inc.
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A live auction channel connects the auction's online operations in California and enables dealers to buy and sell vehicles in less time.
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PMR provides vehicle values based on millions of wholesale transactions from the Auction Edge national network.
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The market is still seeing higher sales conversion levels with days’ supply down as sales have continued to run above last year’s levels.
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Affordability remains challenging for consumers, and supply is more limited at lower price points.
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The site includes refreshed content to on the latest auction updates, company news, and community initiatives.
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