Cox Automotive says used-EV inventories are expanding in tandem with new-EV sales growth driven in part by Inflation Reduction Act incentives.

Kelley Blue Book releases 5-year Cost-to-Own Awards.

The IRS has scaled back the number of available vehicles qualifying for the clean-vehicle tax credit. But as manufacturers push to satisfy the new requirements, there is hope that the list will get longer.

Dealers who encourage collaboration and brainstorming between departments will optimize the ownership experience and heighten opportunities to sell the customer that next vehicle.

Vehicles on the list boast safety, comfort and convenience.

“I wouldn’t get carried away calling it a strong retail market in March by historical standards,” says Cox Automotive’s chief economist Jonathan Smoke.

Dealership groups still find funding, says Quin Garcia of Autotech Ventures.

The benefits of online auctions include increased efficiency, reduced costs and broader reach.

The new Treasury Department rules exclude most EVs and PHEVs from the full $7,500 new-vehicle tax credit, but the department has ruled that all commercially leased EVs and PHEVs qualify for the $7,500 tax credit for the lessor.

“I believe vendors are specially positioned to influence the entire industry,” says Sandy Zannino of Innovative Auto HR.