Cost parity is driving used EV sales, says Cox's Erin Keating

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  • Опубліковано 19 чер 2024
  • Erin Keating, Cox Automotives executive analyst, joins 'Power Lunch' to discuss the used EV market sales boom.

КОМЕНТАРІ • 24

  • @harrychu650
    @harrychu650 Місяць тому +6

    If nobody wants an EV, then why is it necessary for the Administration to put a 100% tariff on Chinese Brands?
    I mean how dumb does CNBS think their viewers are?

  • @damham5689
    @damham5689 Місяць тому +2

    Some people also buy used high end luxury cars not understanding how much it will cost them. Same with those who buy used EVs.

  • @aaammm1033
    @aaammm1033 Місяць тому +2

    I have ben wanting to buy a used ev so my diesel can stay parked.

    • @HomesteadEngineering
      @HomesteadEngineering Місяць тому

      That's what we did. In the time we have had or Model Y, we have put 9,000 miles on it. During that same time we have reduced the truck miles to 800. Saved about $1,200 so far.

  • @Alexzw92
    @Alexzw92 Місяць тому +2

    I would never buy any EV besides a Tesla, especially used!

    • @newchannel1220
      @newchannel1220 Місяць тому

      hyundai charge you $60,000 for a battery replacement.

  • @Alyosha00
    @Alyosha00 Місяць тому +2

    They keep talking about "the transition" to EVs... hahaha. I won't hold my breath waiting for that 'transition'. EVs are glorified golf carts. People won't buy them in volume unless they become truly affordable, but US manufacturers don't want to produce those EVs. The only 'transition' here will be to Chinese EVs.

    • @damham5689
      @damham5689 Місяць тому

      Until the power grid can handle, it wont happen. And the current old outdated national grid can barely handle demand now. Adding millions of EVs is just impossible without at least 100s of billions of dollars in grid updates.

    • @HomesteadEngineering
      @HomesteadEngineering Місяць тому

      The transition to EV's is well underway. There are already millions of EV's charging on the grid overnight when demand is low.

  • @andrerodriguez7603
    @andrerodriguez7603 Місяць тому +2

    Used Tesla’s filling up lots? 😂He’s jumping at conclusions, he needs to do some research before making false statements. This has been debunked already. Since Tesla doesn’t use the dealership system. Dealerships have lots to store unsold inventory, to be available for customers to buy. Tesla uses showrooms with no room to hold hundreds of cars like dealerships. So they rent parking lot space to house new Tesla’s that have been sold. Than they will be shipped to delivery centers where they are prepped for customers to pick them up.

    • @PeterSedesse
      @PeterSedesse Місяць тому

      According to Tesla's own information released to shareholders last quarter, inventories doubled in 1Q24 compared to 4Q23. You also have Tesla severly cutting production hours at it's factories, which they wouldn't be doing if inventories weren't a problem.

    • @andrerodriguez7603
      @andrerodriguez7603 Місяць тому

      @@PeterSedesse not really, jobs cut were at the corporate level. Not line workers.

  • @rodsynovec1626
    @rodsynovec1626 Місяць тому +5

    Never buy a used EV. When the battery pack goes bad, it's a $20,000 repair.

    • @TheMagicJIZZ
      @TheMagicJIZZ Місяць тому +1

      Never buy a new EV
      A used EV is great value if you plan to not sell it
      It's going to last a decade..a warranty would last ten years even used

    • @chri6393
      @chri6393 Місяць тому

      Not accurate

  • @chri6393
    @chri6393 Місяць тому

    I keep watching used lightnings. No way I buy a new ev

  • @chiquita683
    @chiquita683 Місяць тому +3

    Wait unti they start filling and leaking into the landfills

    • @Alexzw92
      @Alexzw92 Місяць тому +1

      That’s not how it works. The batteries are full of valuable minerals. They want the batteries to recycle them.
      You think Cat converters end up in a land fill too?

    • @user-bt9cm7ze4c
      @user-bt9cm7ze4c Місяць тому

      Dude not everything goes into a landfill. LOL

  • @PeterSedesse
    @PeterSedesse Місяць тому

    gigacasting was such a stupid idea. Upfront it sounds great, until you realize that any fender bender now results in your car being totaled. 40% of accidents with Tesla results in the car being totaled because the entire body is one piece, so you have to tear the whole car apart to fix it. Just for those who wonder why the insurance on a tesla is so outrageous.

    • @HomesteadEngineering
      @HomesteadEngineering Місяць тому

      My insurance went up $300/year when I switched from a 2017 Jeep Cherokee to a new Tesla Model Y.

  • @grandmiserthe3rd434
    @grandmiserthe3rd434 Місяць тому +1

    The Climate " Hoax " can be expensive .....!!!