US used electric vehicle sales jump as prices drop
US sales of used electric vehicles rose 32 percent in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday. The group said average retail prices for used EVs were about $43,400, down 4 percent from the same quarter last year and well below the average new EV price of about $59,000. The group said used electric car prices were likely driven down by Tesla’s aggressive price cuts for new vehicles. “When the market leader lowers the prices of new electric cars, the prices…
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