Smart operational and spec'ing decisions can dramatically improve both the total cost of ownership during use and the resale value when it's time to remarket day cabs.
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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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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 latest advances are moving unevenly through many of the functions that span fleet management, resale, and turnover.
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The latest numbers add up to a gutpunch for the resale values of used electric vehicles as the early adopter market for EVs taps out and mainstream vehicle buyers remain cautious.
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CAR 2023: What will be the foundations of a steady and productive used market for electric vehicles? What steps must be taken to ensure a viable EV sector?
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In a confidence builder for EVs, fewer than 2% of batteries have been replaced outside of publicized recalls during the last 10 years.
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Depreciation rates on used vehicles are nearing levels not seen since the recession, though the trend will soon reverse and likely lead to marginally higher losses.
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Despite the recent setbacks facing General Motors caused by the recall of 2.59 million vehicles for ignition switch-related troubles, GM’s cars will not experience significant hits to their resale values, according to ALG.
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