""Many people assumed the recent spike in gas prices would mean a resurgence in EV demand, but hybrids have proven to be the real benefactor of rising fuel costs," said iSeeCars Executive Analyst Karl Brauer."
""Hybrids are selling faster, retaining more value, and growing their market share faster than electric vehicles, though Tesla's EVs are also doing quite well.""
In March, electric vehicles (EVs) and hybrids emerged as the fastest-selling used cars in the U.S., driven by elevated gas prices. The Tesla Model X topped the list, selling in an average of 25.6 days. The Lexus RX350h and Honda Civic Hybrid followed closely, with sales averages of 27.6 and 29.6 days, respectively. The market saw a significant increase in used hybrid sales, while lightly used EVs returned to dealer lots, enhancing their appeal. Overall, used car sales slowed compared to the previous year, but Teslas maintained a steady sales pace.
Read at insideevs.com
Unable to calculate read time
Collection
[
|
...
]