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At the same time, used-car prices plummeted 5.1% March’s data shows the new- and used-car markets are adjusting,” the Cars Commerce analysis said, “with new-car prices continuing to drop and used-car prices hitting their lowest point in years, signaling a move toward more typical pricing.”
Cox Automotive is rolling out its usedcar industry solution that will measure the EV battery health for each specific VIN across Manheim. In addition, the company is expanding LotVision’s capabilities of reporting battery health for each unique vehicle.
This indicates that dealers feel pressure to lower prices while still facing challenges in offering the value consumers expect, as incentives remain below 2018 and 2019 levels. ElectricVehicle Sales Sentiment Remains Weak Sentiment about electricvehicle (EV) sales fell to a new low in Q2.
Edmunds shared a wide array of electric-vehicle information on Tuesday, including insights about trade-in activities at dealerships involving a Tesla. That’s the lowest reading in Edmunds’ data set that went back to 2019. That’s the lowest reading in Edmunds’ data set that went back to 2019.
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