Used EVs Are Fastest-Selling Cars in the U.S., Cox Automotive Reports
Used EV sales rose 59 percent in August, driven by lease returns and federal tax credits, capturing 2.4 percent of all used-car sales in the U.S., Cox Automotive reported.
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Used EVs surge as fastest-selling cars in the U.S., Cox Automotive reports
Used electric vehicles are now the fastest-selling cars in the United States, according to new data from Cox Automotive, marking a milestone for a market that has long hovered on the edge of mainstream adoption. In August, sales of used EVs hit a record 40,960 units, a 59 percent increase compared to the same month last year. Cox’s report also showed that new EV sales set a record at 146,332 units, but grew just 17.7 percent from 2024. The numbe…
The U.S. automotive market is experiencing an unexpected twist: second-hand electric models outperform traditional ones in sales. What is driving this change? For years, electric cars have been seen as a luxury option or a futuristic bet. Today, in the United States, they have become the protagonists of the used vehicle market. Recent data show that second-hand electric models are surpassing those of internal combustion, marking a change of tren…
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