One reason is the growing demand for electric vehicles (EVs). As governments set new targets to reduce carbon emissions, EV sales are increasing rapidly. This shift towards cleaner transportation is driving up demand for used EVs and, subsequently, their prices.
Why Electric Vehicles Are in High Demand
Another factor contributing to the surge in used car sales is the rise of online marketplaces. Platforms like Carvana and Cars.com have made it easier for buyers to research, compare, and purchase cars remotely. This increased accessibility has helped drive up demand and prices.