Sales Of Used Evs Soar In The US

(MENAFN- Investor Brand Network) Used electric vehicle sales set records in September as new EV purchases fell sharply, a split that reframes the dominant narrative about American consumer appetite for electric cars. The divergence points to price as the main variable rather than any fundamental resistance to the technology.

On the used side, 124,000 units changed hands through retail channels, 11.4% above the prior year, while EVs took a record 4.9% of wholesale auction volume. EV makers, such as Massimo Group (NASDAQ: MAMO), will be analyzing these statistics and...

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