Market Trends

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Tesla maintained its lead in the used electric vehicle market throughout 2025, though competitors like Ford, Volkswagen, and Hyundai made significant gains. Models such as the Model 3 and Model Y accounted for nearly 40% of sales in one- to five-year-old used EVs. The market is set to become even more diverse in 2026 with increased off-lease inventory.

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Electric vehicle sales in the US dropped to just over 70,000 units in November, more than 40% lower than the previous year and 5% below October. While average prices edged down slightly, incentives rose significantly, signaling a market in transition. Tesla faced particular pressure with declining sales across its models.

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