cap hpi reveals strength of used EV market

Used EV values are rallying, and the timing is right for dealers

Gas prices are driving demand — and prices — for used EVs, just as dealers face an influx of them off-lease.

Used EV Prices Are Rising Faster Than Gas Cars

As fuel costs remain high here in the US, the wholesale price of a used EV continues to climb. But it may not last for too long.

cap hpi reveals strength of used EV market

Stronger demand for used EVs is improving value performance and leading to faster retail sales, creating opportunities for retailers prepared to be selective about what they buy, according to Solera cap hpi. Battery electric vehicles show increasing signs of stability and are among the fastest-selling fuel types when priced correctly. Chris Plumb, head of current car valuations at Solera cap hpi, said: “The EV market has entered a more stable ph…