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April figures show an electric vehicle market facing several challenges that reflect broader economic trends.
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The tightening of days' supply for new and used electric vehicle markets shows healthy consumer interest.
Read More →The latest numbers on sales, days' supply, and average transaction prices show a growing EV market at the end of 2024.
Read More →Used EV sales rose a whopping 63% so far year over year, while new EV sales increased about 14%.
Read More →EV sales may experience some tailwinds, leading to robust activity through the end of the year.
Read More →But used EV sales demonstrated slower, steady growth, remaining a small part of the market.
Read More →Q2 new electric vehicle sales are up 11% from EV sales in Q2 2023 due mostly to improved availability, higher discounts, and elevated levels of leasing.
Read More →The Q1 2024 decline in electric vehicle sales was the first quarter-over-quarter downturn since Q2 2020.
Read More →EV transaction prices in February were lower year over year by 12.8%, an accelerating decline compared to January when prices were lower year over year by 11.6%.
Read More →In an effort to jump start a slowing market, EV manufacturers will offer more models, incentives, discounts, advertising, and sales muscle.
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