The decline in the average transaction price was mostly expected, as sales of expensive EVs fell sharply as government incentives expired Sept. 30.
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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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The Tesla Model 3, Kia Niro EV, Maserati Levante, Nissan Leaf, Hyundai Kona Electric, and Chevrolet Bolt saw the biggest used vehicle price drops over the past year
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Experts at the 2024 Conference of Automotive Remarketing served up some blunt statistics about electric vehicle challenges, but underscored that EVs offer potential and aren't exiting the automotive scene.
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The Q1 2024 decline in electric vehicle sales was the first quarter-over-quarter downturn since Q2 2020.
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CAR 2024: Unlike a combustion engine, an EVs long-term value is maintained daily, based on the unique charging habits and battery management of its owner.
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There is a lot that sellers — and buyers — should know about the pre-owned alt-fuel market before selling or purchasing alternative-fuel trucks.
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