EV Battery Life Better Than Expected in Study of 15,000 EVs
In a confidence builder for EVs, fewer than 2% of batteries have been replaced outside of publicized recalls during the last 10 years.
In a confidence builder for EVs, fewer than 2% of batteries have been replaced outside of publicized recalls during the last 10 years.
Although prices are falling, they likely won't decline too much given the tighter inventory compared to 2021.
CAR 2023: Remarketers should prepare for more of the economic and market conditions that have been shifting widely year to year since 2019.
The month also ended at near 41 days’ vehicle supply, down from 48 days at the end of January and 13 days lower than February 2022 at 54 days' supply.
CAR 2023: Consignors and auctions can expect better resales on used electric vehicles if they know how to make the most of incentives, credits, and rebates.
CAR 2023: Electric vehicles should come with a slow down/caution sign, based on the insights and results from electric fleets in Europe.
Used vehicle prices are declining in this divergent market. Fleet sales making a comeback compared to last year.
The auto resale market now offers an array of EVs that can qualify for second-hand status, signaling potential resale hope for electrical fleet vehicles.
Future pricing trends of new electric vehicles and resale values of used ones remain undefined and unpredictable for the long-term.
Retail demand softened last month, but January sales were buoyed by fleet purchases, up 58% from the year-earlier January.
All eight major vehicle market segments saw seasonally adjusted prices that were lower year over year in January.
The used-vehicle market faces a challenging year ahead as demand weakens and supply of nearly new vehicles is particularly constrained.
As the supply of new vehicles improves rapidly, demand and prices for used ones are declining.
After volatile highs and lows during the last three years, the market should hit equilibrium in the second half of 2023.
A lower than normal sales conversion rate indicated December saw buyers with more bargaining power than typically seen for this time of year.
As vintage Chevrolet trucks increase in popularity with enthusiasts, more trucks are going up for auction and sale prices for the most coveted trucks keep increasing. As we look back at 100 years of Chevy truck history, here’s a gallery of the nine most expensive Chevrolet trucks sold at Barrett-Jackson auctions to date. Photos courtesy of General Motors.
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