Carvana EV Trends Report Reveals Significant Growth Potential of Used EV Market
Carvana Co. Class A (CVNA)
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Source: Business Wire
Carvana EV sales mix hits new high of 4.3% in Q1 as affordability improves PHOENIX--(BUSINESS WIRE)--Carvana, an industry pioneer for buying and selling used cars online, today released an EV Trends Report for Q1 2024. The report focuses on the significant growth potential of the used EV category and highlights the important role affordability plays in driving customer adoption.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240508184913/en/Carvana shares EV trends and insights report. (Graphic: Business Wire)Key findings from the report include:Used EV sales are poised for significant growth: whereas EVs made up 7.6% of all new car sales in 2023, they were less than 1% of the used market.1The difference between Carvana’s average sale prices of Used EVs and internal combustion engine (ICE) vehicles is narrowing – from $13,000 in Q1 2023 to $7,000 in Q1 2024.Carvana’s used EV sales mix is reaching new highs as affordabilit
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CVNA
Earnings
- 5/1/24 - Beat
CVNA
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form SC
- 5/14/24 - Form 4
- CVNA's page on the SEC website