A Kelly Blue Book report shows growing interest in electric and green vehicles, especially SUVs.
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The emergence of electric vehicles will be among the many top trends to be explored at the Conference of Automotive Remarketing June 15-17 that will be in-person and online.
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Sales to fleet buyers were off notably last quarter – down 28% percent from Q1 2020 – but robust retail sales more than covered fleet’s shortfall and provided reason to believe new-vehicle sales have recovered from the pandemic meltdown.
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The outlook for the 2020 used market is positive, at least according to three remarketers from three fleet management companies.
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Current sales of electric vehicles are largely driven by incentives, and while incentives help move the metal on the new-vehicle front, they have a negative effect when it comes to residual values.
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Pivet embodies the broader vision of the mobility future the Cox Automotive Mobility Group envisions, grounded in the art and science of moving people.
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Among the top 10 fastest-selling used cars in 2017, six were alternative fuel, while four were gasoline engine vehicles.
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Smaller cars have experienced heavier depreciation over the past 12-18 months, but it’s the small mainstream electric vehicles that are experiencing even heavier valuation drops.
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