Used Electric Vehicle Sales Surge Amid Growing Affordability
Used electric vehicle (EV) sales increased by 27.7% in March compared to the previous year and rose 53.9% from February, according to Cox Automotive. A significant portion of these used EVs are priced under $25,000, making them more accessible to consumers. The surge is partly attributed to the return of leased EVs to dealer lots as leases end.
Topics: automotive industry consumer trends electric vehicles used car sales