The online auction platform surpasses $15 million in used EV volume sold as the market faces an influx of off-lease vehicles.
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The tightening of days' supply for new and used electric vehicle markets shows healthy consumer interest.
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Used EV sales rose a whopping 63% so far year over year, while new EV sales increased about 14%.
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But used EV sales demonstrated slower, steady growth, remaining a small part of the market.
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Shoppers will no longer pay a premium for electric vehicles and consider electric powertrains a detractor, making them less desirable, iSeeCars study shows.
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CAR 2023: A closing keynote presentation draws on data and information from J.D. Power on EV adoption hurdles in the years ahead.
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Buyers in the used, new, and remarketed vehicle segments should expect continued growth in used electric vehicle sales as availability increases and retail prices decrease.
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