High gas prices are pumping up used EV sales: these are FLYING off the lot

A new car affordability crisis and punishing gas prices are driving an unprecedented number of used car buyers to consider going electric, and that increased demand without a corresponding increase in supply means these used EVs are flying off dealer lots.

The Core Event

That’s dealer-speak for the average number of days a given vehicle typically sits in inventory before finding a buyer.

Key Facts

A new car affordability crisis and punishing gas prices are driving an unprecedented number of used car buyers to consider going electric, and that increased demand without a corresponding increase in supply means these used EVs are flying off dealer lots.

Context & Significance

That’s dealer-speak for the average number of days a given vehicle typically sits in inventory before finding a buyer.

Outlook

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