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As Gas Prices Drop Back, Electric Cars No Sale.

Gas prices seemed to have stabilized over the last few weeks and actually dropped back to prior weeks levels. What is more interesting is how diesel prices are now equalized with gasoline.

In the auction market, electric cars have paid the price. “They are cold as heck” said one dealer in NJ after he was forced to “NO SALE” two in a row at Manheim because no one was bidding.

The Wall Street Journal first noticed this trend earlier in the year when their headline read. Resale Prices Tumble on Electric cars. “Tax credits on new models and worries about battery life undercut efforts…”

“Its gas prices. Its killing all clean air efforts in the US right now.” said one dealer at a dealer bid sale in Rochester NY. “But I am not complaining, because we are selling Trucks, SUV’s and high end luxury like pre 2008”

 

2015-07-29T12:44:58+00:00 By |Categories: Auction News|Tags: , , , , , , |

About the Author:

Co-Founder / Writer / Serial Growth Hacker Kevin Leigh co-founded Dealer Simplified, LLC, a company dedicated to simplifying automotive software. The goal of Dealer Simplified is to jump-start the profit centers in dealerships while keeping the processes and software simple and easy to understand and implement. Kevin is also an accomplished author and is passionate about writing and blogging. His latest novel, “Gollup the Woods” was inspired by the stories he heard from his father on their many trips through the Irish countryside. Kevin currently resides in Alden, New York with his wife Mary and their three boys. Leigh spends his spare time volunteering with various community organizations.