A slightly unusual source of analysis, but according to swapalease.com: Cars in the Green/Hybrid segment are the most transferred. In other words: people who bought hybrids and EVs on lease agreements, are transferring them to new owners, and this is happening more than it did last year for the same segment.
The explanation given by swapalease.com is that car manufacturers have rolled out more car lease options in the Green/Hybrid category over the last few years, which we presume to mean that lots of cars have been purchased and as such; lots are now being transferred, i.e. entering the second hand market. It is also possible that the high purchase costs for EVs and Hybrids compared to their ICE equivalents result in more being purchased by lease.
So really this is just a reflection of the high new sales of EVs and hybrids in the last year in the US, which we have been tracking for a while and it is fairly predictable/obvious that high sales of new cars will translate to high sales of second hand cars, of which this is a measure.
Not really news, but it is interesting, because the wave of low emission vehicles entering the second-hand market will (more…)