As gas prices continue to soar, a surprising trend is emerging in the used car market. Despite the economic downturn and high interest rates, dealers are finding themselves in a bidding war for certain types of vehicles - specifically used electric vehicles (EVs) and smaller cars. With many consumers opting for fuel-efficient options to combat rising fuel costs, demand for these vehicles has skyrocketed, driving up prices. As a result, dealers are paying top dollar to get their hands on these coveted models, a shift that could have significant implications for the used car market and the environment.
Dealers are paying more for used EVs and smaller cars as gas prices stay high marketplace.org
