CarMax (KMX), the largest used car retailer in the US, said its seeing a huge spike in electric vehicle interest from its customers. And when those customers do buy EVs, they are buying Teslas.
The car world is and has been upside down. In “the before times,” new cars were depreciated. There was no question that owning and using a vehicle for a couple of years decreased its value, but that’s not always the
Used car shopping was stressful in 2022, as prices were high and selection was spotty. That didn’t stop tens of millions of people from buying a used car, however, as it’s estimated that more than 36 million were sold last
With the price of food continuing to rise, at least consumers are seeing relief in one spending category: The price of used cars is dropping in line with rising interest rates and declining consumer demand.
Shopping for a used automotive has sometimes been thought of a sensible technique to save by avoiding the steep depreciation prices that go hand in hand with new vehicles.
Nonetheless, a restricted provide of latest vehicles and vans as a
![Tesla is the most popular pre-owned brand as EV interest spikes [Video]](https://i0.wp.com/res.cloudinary.com/glide/image/fetch/https%3A%2F%2Fs.yimg.com%2Fny%2Fapi%2Fres%2F1.2%2FraorBc0lwZm_mIHGqtVEoQ--%2FYXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-%2Fhttps%3A%2F%2Fmedia.zenfs.com%2Fen%2Faol_yahoo_finance_433%2Fee3d94cbec16bd61c19f165066058528?w=800&resize=800,450&ssl=1 "Tesla is the most popular pre-owned brand as EV interest spikes [Video]")
