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.
Year to date, the total used market is on pace to finish the year down more than 12% recorded in 2021.
The companies are collaborating on an electric vehicle-specific valuation influenced by the condition of the battery, the most expensive part of an EV.
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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