LorenzoIt's simple: automakers stopped building enough vehicles that buyers want, while running behind schedule producing vehicles that buyers DON'T want.
LorenzoWell, I guess it would be a good trade-in for a same year Buick Park Avenue with that sweet 3800 V6.
LorenzoPeople don't want used EVs for the same reason my aunt Harriet never let guys handle food in her kitchen: "You don't know where they've been,"
ElvinasUsed EV's price is dropping faster because new EV's are way too expensive. They are oveprised by at least 30-50 percent and sometimes even 70-100%. Adding questionable battery lifetime in used EV's results it high price drop.
DwfordEVs have always depreciated very fast. Now you have people who paid over MSRP a couple years ago very upside down in their EVs and you have the Tesla price cuts. Hertz is also dumping their EV feet onto the used car market. Unlike 5 years ago, the used EVs of today have real range, so if you want one they are a bargain, especially if you can get some government incentives as well
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