Fleet operators shared their challenges during an annual conference that embraced the latest advances across all aspects of running private- and public-sector vehicles.
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As more tariffed products replace non-tariffed inventory, prices are tracking higher, which should lead to slower sales
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EV buyers took advantage of the final federal tax credit days, while average prices edged up for new EVs and continued to decline for used models.
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Average transaction prices broke the $50,000 barrier, driven by wealthier buyers and higher-end vehicles.
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But most OEMs record low-volume sales, which means EV profitability remains a distant dream for nearly every automaker.
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Consumers are buying up electric vehicles ahead of the Inflation Reduction Act’s tax credit expiration amid strong demand and tight inventory.
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While inventory is growing, vehicles are moving off lots faster than they were a year ago.
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Of 31 major brands tracked by Kelley Blue Book, only five recorded transaction prices in August lower than year-ago levels.
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EV sales surged in July as buyers moved quickly ahead of the tax credit deadline, with new and used markets showing strong growth and prices adjusting to meet demand.
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Wholesale appreciation trends have continued to be a bit more volatile this year as tariffs have stirred demand in used markets for customers worried about price increases.
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