Demand for used EV's has grown significantly in the last two years in both the domestic and export markets. Supply has also grown, but it's primarily demand for the vehicles. In the US the awareness of the environmental benefits of EVs continues to grow for fast followers, thanks in large part to the aura of Tesla as an aspirational brand. Unfortunately many in that segment may not have the means to purchase a new EV, so they are shopping the pre-owned markets.CarPortal wrote:Orient, What's your take on why the wholesale values have gone up so much in the last 6-9 months? Less off lease supply combined with greater export demand?
This is the old supply and demand curve.