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The fundamentals look good for a return to relative normal. But the transition to electrification looms, and we’re finding that it’s more complicated than we thought.
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Year to date, the total used market is on pace to finish the year down more than 12% recorded in 2021.
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The companies are collaborating on an electric vehicle-specific valuation influenced by the condition of the battery, the most expensive part of an EV.
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The drawn-out vehicle shortage is producing a domino effect of issues for many fleet segments, says Cox Automotive’s Jonathan Smoke, but a potential recession may have a silver lining — if we even have one at all.
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