MENU
SEARCHJ.D Power study finds millennial men lead the segment, with Gen X close behind.
The average electric-vehicle buyer credit score has fallen as more mass-market buyers purchase electrified models.
IMAGE: Pixabay/stux
Millennial men are the leading buyers of electric vehicles, according to J.D. Power data gathered for 2022.
The younger generation, and male buyers in particular, are the leading consumer segment in the growing EV corner of the auto market. Just about 29% of EV buyers are women, compared to 40% for all vehicle purchases.
The statistics exclude Tesla numbers.
Generation X is behind millennials as the second-biggest EV-buying population, the data found.
EV buyers skew toward the more well-to-do, since the average model is more expensive. But more purchases are closing among mass-market buyers. The average EV buyer credit score fell from 800 in 2019 to 788 last year, J.D. Power found.
DIG DEEPER: 5 Automakers Handled Half of All EV Sales in 2022
Originally posted on Auto Dealer Today
Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
Read More →
Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.
Read More →
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →
China easily reigns in the segment, but European countries’ adoption rates are growing. The U.S., probably due to market size, has the second biggest EV fleet.
Read More →
The full-size pickup segment, which has been dominant in the U.S., ended 11 consecutive weeks of gains with a slight dip last week.
Read More →
Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
Read More →
Fast charging of electric vehicles provides a solution for range anxiety, but it also poses a risk to battery cycle life due to increased temperatures, according to an EV supply chain data provider.
Read More →
Expanding Midwest automotive group picks up three stores as part of the robust transaction activity early this year.
Read More →
Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
Read More →
The automaker says its movement of some electric-vehicle work to the S.C. factory is part of a more tailored product focus. It also plans to add a new hybrid model to the plant’s itinerary.
Read More →