The bulk of people that purchase a used Tesla Mannequin 3 are buying and selling of their inside combustion Honda Civics and Toyota Tacomas, in accordance with a examine from used car retailer CarMax, which analyzed shopper curiosity in second-hand EVs for the February 2022 to February 2023 interval.
As per the corporate, for customers shopping for a Nissan Leaf, the commonest trade-in was a Toyota Prius, which is a hybrid, whereas prospects who made the swap to a Chevrolet Bolt EV mostly traded within the plug-in hybrid Chevrolet Volt, which was constructed between 2010 and 2019.
As a complete, CarMax says that within the reported interval, essentially the most traded-in car kind for EVs have been SUVs, with 40 % of patrons bringing in such a automotive, adopted by sedans and coupes with 29 %, luxurious automobiles with 17 %, pickup vehicles with 8 %, sports activities vehicles with 4 %, and minivans with 2 %.
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Essentially the most traded-in model for EVs was Toyota, with 12 %, adopted by BMW and Ford with 8 % every, and Honda with 7 %, the identical as Chevrolet. 5 % of these shopping for a used EV from CarMax introduced in a Tesla, with the corporate saying that customers who purchased a Mannequin S or Mannequin Y mostly traded of their Tesla Mannequin 3.
Relating to basic curiosity in used EVs, CarMax says that the typical search quantity for the time period “electrical” doubled from the earlier yr, going from a low of about 1.5 % in January 2021 to a peak of 5.6 % in October 2022, signaling a rising curiosity in used EVs countrywide.
With this being stated, some states are extra excited about EVs than others, with California topping the gross sales charts, adopted by Washington, Nevada, Oregon, and Arizona. On the different finish of the spectrum are Mississippi, Alabama, Kentucky, South Carolina, and Tennessee, the place CarMax recorded the bottom gross sales ranges for used EVs between September 2022 and February 2023.
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