The market for used EVs is booming: Here are some options for near-new electric cars in the $20k to 30k range
Compiled by ADME Newsroom from 1 source
First reported by The Driven ·
Image: The Driven
The quick read
- The used EV market is booming, driven by the growing new car market and leases
- Near-new electric cars are available in the $20k to $30k price range
- Two and four-year old electric cars are entering the second-hand market in higher volumes
- Dealers can gain a competitive advantage by offering a wider range of near-new EV options
For dealers: The booming used EV market presents an opportunity for dealers to increase their stock of near-new electric cars and attract price-sensitive buyers
AI-assisted summary of the coverage below — check the original reporting before relying on specifics.
ADME commentary
The ADME angle
The booming market for used EVs presents a significant opportunity for Australian dealers to increase their stock of near-new electric cars and attract price-sensitive buyers
This trend is driven by the growing new car market and leases, which are resulting in a higher volume of two and four-year old electric cars entering the second-hand market
What it means for stock and ordering
Dealers who adapt quickly to this trend can gain a competitive advantage by offering a wider range of near-new EV options to customers, particularly in the $20k to $30k price range
The increased availability of second-hand EVs also allows dealers to be more selective about the models they stock, focusing on the most popular and profitable options
Pricing and margin considerations
Dealers will need to carefully manage their pricing to remain competitive in this market, taking into account the original purchase price, lease terms, and current market demand
Action plan
This week, dealers can start by reviewing their current stock and ordering processes to identify opportunities to increase their near-new EV offerings and attract more customers
Full coverage
The market for used EVs is booming: Here are some options for near-new electric cars in the $20k to 30k range
There are a lot more options for second-hand EVs thanks to the booming new car market and leases. Here are some options for two and four-year old electric cars. The post The market for used EVs is…
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