Used EV Market Shoots Up
Many consumers shift from new for affordability, though some brands have robust new-EV sales month.

Tesla increased its new-EV U.S. market share in April by about four percentage points and topped used sales.
Pexels/Kindel Media
Sales of new electric vehicles dipped in April while used EV deliveries moved in the opposite direction as shoppers looked for deals.
The new-EV market decline wasn’t across the board, as some brands actually experienced significant sales increases, according to Cox Automotive research. The EV growers included General Motors, Nissan and Tesla.
But overall new-unit sales fell 6% from April and from a year earlier to a little more than 100,000 units as consumers grappled with both affordability and availability, Cox said. It nevertheless noted a slight market share increase to 7%. The average transaction price was accordingly flat at $59,255.
Tesla, which has taken sales hits in various markets, including Europe and California, increased its U.S. market share about four percentage points on the strength of the Model Y, though it stayed under 50%.
GM’s new-EV sales rose two percentage points to a 14% market share.
As new-model sales fell, used-EV volume increased 14% month-over-month and a whopping 61% year-over-year to nearly 38,800 units. The market share rose to 2%, its highest point so far this year.
The average used-EV transaction price actually fell month-to-month by about 3% to $35,874, though that’s up 4% year-over-year.
Tesla topped used sales, increasing its market share about five percentage points to 47%, Cox said. Chevrolet and Ford followed with 9% and 6% shares.
The two EV segments’ days’ supply also headed in opposite directions based on their sales results, though inventory varied by brand.
New-EV inventory increased 4% to 99 days, though that’s down 20% year-over-year.
Used supply, meanwhile, was about flat from April and a year earlier to 37 days.
“As used EVs remain an attractive option, inventory will continue to tighten,” Cox said.
Originally posted on F&I and Showroom
More Industry

Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →
Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →