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Author Topic: Electric Vehicles  (Read 16408 times)

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Re: Electric Vehicles
« Reply #375 on: April 03, 2018, 05:09:11 pm »

April 2, 2018


6 Used Plug-In Electric Cars That Spend The Least Days On Dealer Lots

Six out of the 10 used cars that spend the least days on dealer lots are plug-in hybrids or pure electric vehicles, but there are reasons not often explained in connection to this.

Often you’ll see this posted as quickest selling used cars, but “selling” is not always happening here in the traditional sense.

Related – $40,000 Used CPO Model S EVs Overwhelm Tesla’s Pre-Owned Site

The average used car spends (in 2017) 33.4 days on the lot, but the top 10 quickest movers spend “only 70 to 80 percent of that amount of time, ranging from 22.2 to 26.1 days,” according to iSeeCars. The site adds:

“Six of the top ten are alternative-fuel cars, with three electric cars and three plug-in hybrids.”

That would seem to indicate that used plug-in hybrids and EVs are hugely popular then, right? We’ll explain what’s going on here in a bit, but first ,let’s look at those 6 used plug-ins that are on the top 10 movers list:

The Tesla Model S, ranked tenth overall, but sixth among plug-ins on the list with an on-the-lot period of 26.1 days. iSeeCars stated:

“Tesla’s popularity, along with the scarcity of the Model S on the used car market, is probably driving prices up while cars continue to sell quickly.”

Our research indicates this to be accurate. Used Model S sedans are often in short supply and sometimes a substantial price drop for CPO Teslas creates a boom in sales. Who doesn’t want a $120,000 car for $40,000 – $50,000?


5. Ford Fusion Energi

The Fusion Energi spends 26.1 days on the lot, which is the same as the Model S, but it’s a rounded figure, so iSeeCars actually puts it just ahead of the S in terms of days on the lot.


4. Nissan LEAF

The introduction of the new 2018 LEAF means that used older LEAFs have seen their value plummet to an average selling price of $11,703, according to iSeeCars. Without a doubt, this price cut leads to less time on lots and, in fact, at just 25 days, the LEAF moves into #6 overall and fourth among plug-ins.


3. Toyota Prius Plug-In Hybrid & Prime

This one is a bit of an outlier as it covers two generations of cars, but we read the tea leaves here and can see that the iSeeCars figures apply almost entirely to the older, first-generation Prius plug-in hybrid and not the current Prime.

The on-the-lot days for the Prius Plug-In Hybrid is 24.7 days.

iSeeCars states:

“Plug-in Hybrids meet the requirements for California’s Green Clean Air Vehicle Decals, which allows drivers to use HOV lanes, and the distribution limit of these stickers was removed last year, possibly increasing the Prius Plug-in Hybrid’s popularity there,” said Ly.”

2. BMW i3

The BMW i3 ranked second overall and 2nd among plug-ins at 23.2 days on the lot. It’s average selling price of $23,603 is down considerably from last year’s $38,285, owing to the fact that lots of leased i3s are hitting lots now.

1.Fiat 500e

Topping the overall list and leading the way for plug-in is the Fiat 500e. It spends just 22.2 days on the lots. Its average selling price is crazy low at $9,055, a drop of 40.4 percent from $15,187 last year.



As we mentioned in the introduction:

"Six of the top ten are alternative-fuel cars, with three electric cars and three plug-in hybrids.”

“That would seem to indicate that used plug-in hybrids and EVs are hugely popular then, right? We’ll explain what’s going on here in a bit”

First up, the plug-in hybrids. In California, with the green stickers now a thing of the past, these used examples that have that coveted sticker will surely move quickly off lots. Here’s the future green sticker outlook from the State of California:

“Access to high-occupancy vehicle lanes for vehicles with green and white decals will expire January 1, 2019. Vehicles issued a green or white decal in 2017 or 2018 will be eligible to reapply for a decal in 2019 granting them access to high–occupancy toll lanes until January 1, 2022.”

So, get them while they last. This explains why the i3, Fusion Energi and Prius move quickly, but what about the LEAF and 500e?

Wholesalers for the 500e and super-low prices, which equate to amazing deals for the Nissan LEAF.

This leaves just the Tesla Model S, which largely sells quickly on its own, though those occasional CPO price cuts certainly reduced selling days here and there.

For more on 2017’s quickest selling used cars, see the source link below

Source: iSeeCars

Category: BMW, Fiat, Ford, Lists, Nissan, Tesla, Toyota

Tags: BMW i3, cpo, deals, featured, Fiat 500E, Ford Fusion Energi, Nissan LEAF, Tesla Model S, toyota prius, used cars

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23


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