A maze of unknowns when it comes to the transition away from ICE vehicles calls for soul-searching, careful planning.
CAR 2023: Remarketers should prepare for more of the economic and market conditions that have been shifting widely year to year since 2019.
A number of factors could be making hybrids more popular, including higher prices of EVs, range anxiety fears, and limited charging infrastructure.
Rising interest rates are taking some potential buyers out of the market.
EV sales jumped by 68% year over year in Q, and for the first time, EV sales in the U.S. nearly equaled hybrid sales.
The typical monthly payment hits a record of $712.
The average price paid for a new vehicle in the U.S. last month was the second-highest on record, behind only December 2021, when average transaction prices reached $47,202.
Electric vehicles and hybrids are becoming a coveted commodity as consumers turn practical about operating costs.
The Ford F-150 Lightning, which just started deliveries to customers in March and is sold out, was the third most-shopped EV and the seventh overall among electrified vehicles.
The trend continues to be much worse now than a year ago when prices were notably lower and incentives were higher.
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