The tightening of days' supply for new and used electric vehicle markets shows healthy consumer interest.
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The Manheim index is at its highest point since October 2023, after the market saw stronger-than-usual gains in non-seasonally adjusted values.
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CAR 2025: Remarketing businesses that figure out their EV strategies now gain the most market share in coming years.
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Domestic sales of EVs benefitted from strong incentives from the automakers, excellent lease deals, and federal and state incentive programs.
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Used EV sales rose a whopping 63% so far year over year, while new EV sales increased about 14%.
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Many buyers waiting for the best deals realize now is the time to buy a vehicle before the new Administration's possible policy changes.
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A leading vehicle consignors and remarketing group is hosting an industry session about the coming shift in electric vehicle policies under the Trump administration.
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Tight supply in wholesale and retail vehicle markets will support healthy dealer demand through December.
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EV sales may experience some tailwinds, leading to robust activity through the end of the year.
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The average transaction price for new EVs has slightly decreased and used EV prices are nearing parity with those of traditional vehicles.
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