Analysis: Demand for fuel-efficient used cars spikes along with gas prices
https://handiautomotivemesa.com/ This page is for personal, non-commercial use. You may order presentation ready copies to distribute to your colleagues, customers, or clients, by visiting https://www.parsintl.com/publication/autoblog/ Analysis: Demand for fuel-efficient used cars spikes along with gas prices While the overall trend in used car values appears to be declining, prices for EVs and smaller, more fuel-efficient models spiked in February as the market reacted to soaring gas prices. The average used car cost 35% more in February 2022 than it did a year ago. That number is down slightly from January (36.9%), indicating that prices may have leveled off or even begun to decline, but not all used car values are trending in the same direction, and fuel-efficient vehicles — including hybrids and the few remaining economy cars on the market — saw some of the biggest gains. Overall, hybrids are up 46.9% compared to a year ago, followed by electric vehicles at 43%, while non-e