The news that prices of used electric vehicles are in freefall, with no end in sight, has dragged down revenue through the entire used car segment, says iSeeCars executive analyst Karl Brauer. Plus, the shift has cut into car dealers’ profits and lowered consumers’ trade-in values.
iSeeCars’ analysis of 1.8 million one- to-five-year-old used cars shows pricing stabilizing with a 3.6% year-over-year drop in June. Yet prices for used EVs dropped at a rate eight times higher –…
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