U.S. EV Sales Rise in July as Used EV Market Gains Momentum

Used EV sales soar 10% in July amid greater supply & higher gas prices

Used electric vehicle sales climbed more than 10% year-over-year in July and supply is becoming more plentiful, according to the EV Market Monitor Report released Monday by Cox Automotive. There were 36,810 used EV sales last month, Cox said in the report, beating year-ago figures by 10.1% and surpassing June by 7.9%. While Tesla continues to dominate the used EV market, brands like Ford (which had 18.9% month-over-month growth to lead all high-…

U.S. EV Sales Rise in July as Used EV Market Gains Momentum

The U.S. electric vehicle market showed signs of stabilization in July, with both new and used EV sales increasing from June. New EV inventory remained relatively balanced with demand, while a growing number of off-lease vehicles and trade-ins expanded the supply of used electric cars.At the same time, new EV prices moved higher as automakers reduced incentives, while used EV prices remained significantly above year-ago levels.New EV Sales Rise …

U.S. EV sales gain ground in July

The U.S. electric vehicle market regained some momentum in July, Canadian dealers may note, with sales increasing from June across both the new and used markets, according to Cox Automotive’s EV Market Monitor.  New EV sales reached an estimated 77,266 units, up 3.2 per cent from June but down 41.5 per cent from a year earlier. EVs represented 5.6 per cent of total new-vehicle sales. Tesla remained the volume leader, selling 42,435 vehicles and …