EV sales forecasts look grim after the federal EV tax credit expires Sept. 30, dealers say. Dealers expect EV sales to fall after the $7,500 federal tax credit expires on Sept. 30, and demand thereafter remains uncertain, according to Cox Automotive’s Electric Vehicle Market Outlook released Sept. 3. The index dropped to 30, the lowest […] The post EV sentiment falls to record low despite sales boost appeared first on Auto Finance News.| Auto Finance News
Wholesale used-vehicle values climbed year over year in August but were flat from a month prior amid shrinking inventory. The Manheim Used Vehicle Value Index came in at 207.4 in August, up 1.7% YoY but unchanged from July, according to a Sept. 8 Cox Automotive report. “Used sales have been strong this summer and dealer […] The post Used-vehicle values climb 1.7% appeared first on Auto Finance News.| Auto Finance News