Remove 2022 Remove Electric Vehicles Remove Used Cars
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Cars Commerce’s new look at used-car market tells an old story

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As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3% from August 2022.

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March brings surge of inventory, falling prices, Cars Commerce report finds

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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.”

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Used EV prices drop further than overall market, but are slow to sell

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Moreover, the latest CARFAX Used Car Price Index shows that those declines continued “across the board” in November. But the price drops for used electric vehicles (and to a lesser extent, hybrids) have been far more extensive, approaching 34%, the iSeeCars data shows. For hybrids, used prices fell 9.6%

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Used EV selection increases, prices decline

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Affordability and availability of used electric vehicles is improving, and in some cases, so are sales. Over 4% of Carvana’s sales in the first quarter were battery-electric vehicles, more than doubling their share of sales from Q1 2023, according to a study released Wednesday by the online used-car retailer.

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Alt-fuel vehicles don’t necessarily have to break the bank

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A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. And that assumption isn’t entirely wrong — it might be fair on some models, particularly electrics. lower than that of gas cars ($3,123). In a study, iSeeCars.com examined data from more than 1.3

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Tesla Model 3 retains its spot atop Carvana’s list of best-selling used EVs

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1 electric vehicle choice among Carvana’s customers in 2023. Just like in 2022 and 2021. The Model 3 continued its dominance over the sector in the online used-car retailer’s annual list of its 10 best-selling EVs. Carvana said it sold 57 makes and models of EVs last year, 29% more than in 2022. “We

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Dealers Are Refusing Toyota Tundra Trade-Ins Over Engine Recall

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We found out wh y Toyota’s twin-turbo V6s have been grenadeing themselves in 2022-2023 Tundras and Lexus LXs earlier this month, but there’s still no real fix for the issue. Now it seems car dealers are staying away from the once bullet-proof trucks. Read more.