As affordability pressures continue to affect the broader car industry, used EVs are emerging as the new bright spot, becoming the fastest-selling used vehicles of any powertrain in the third quarter.
The average number of days a used vehicle sat on American dealer lots increased from 37 days in the third quarter of last year to 41 days during the same period this year.
Used EVs deliver one of the strongest value propositions in the market. When viewed against their original MSRPs, many have depreciated dramatically, offering shoppers access to advanced technology and performance at prices far below new. Used EV buyers are embracing technology that’s just one generation old.
