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There’s an intense competition between the Tesla Cybertruck and Rivian R1T and R1S, covering growing used vehicle markets and advanced upgrades.
The new EV market is diversifying, meaning the used EV market will too. Between that and more EV leases, the used supply continues to grow.
As of April 2024, used EV prices keep dropping, a great deal for used car shoppers. Recurrent offers a Range Score Report measuring used battery range.
A rise in searches for electric cars on CarMax coincides with a drop in average price as the number of affordable used EVs grows.
Used electric cars can be great bargains, thanks to saving on gas and maintenance costs. Possible buyers just need to be more aware of this opportunity.
If carmakers could see the benefits, CPO leasing programs would be a great way for first-time buyers to try out an EV.
Recurrent, a leading reporting resource for the used electric vehicles market, announced a $16M investment. Used EV prices are down 33.7%.
Used electric vehicle sales went up by 32% in Q1 2023, signaling a real turn in the market toward greater EV adoption.
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