As the average transaction price of a new car creeps towards $55,000, a coming wave of low mile, off-lease EVs with massive depreciation could help car dealers solve the affordability crisis, combat sticker shock, and move more units. CDK’s David Thomas talks us through it on today’s surprisingly affordable episode of Quick Charge.
A tidal wave of EVs leased in the early-2020s is about to come back to dealers, with over 300,000 electric lease returns expected in 2026 alone, and many hundreds of thousands more every year thereafter just as used values fall and fuel prices climb. For dealers and buyers alike, that volatility could turn what looks like a resale disaster on paper into one of the biggest affordability opportunities the car market has seen in years.
Source Links
- US average new car price tops $50k for the first time – here’s why
- Used Tesla prices rise 4% while rest of EV market drops after tax credit ends
- Forget what you’ve heard – leasing your car is almost ALWAYS the right move
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