Reported 8 months ago
Inflation for used cars has decreased by 9.3% year-over-year, with used EVs experiencing a more significant price drop than traditional combustion engine cars. Karl Brauer from iSeeCars.com attributes this trend to the high demand for EVs among new car buyers, driven by incentives, while used car buyers are more value-focused. To bridge the wider price gap, the used car market is offering more competitive pricing for EVs. There is also a psychological factor at play, with consumer apprehension possibly influenced by recent events like Hertz abandoning their EV fleets.
Source: YAHOO