Electric Vehicle Index shows more electric cars on Tasmanian roads | The Examiner
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Electric Vehicle Index shows more electric cars on Tasmanian roads | The Examiner
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largest drop since the beginning of the pandemic last month. but that doesn t mean prices are falling as fast as many people would like. joining us now with more is dominic chu. what should we be taking away from this? the takeaway is that car prices are falling but don t expect to see massive sale prices or cuts anytime soon. that wholesale used vehicle index posted a 4.2% drop between may and june. that s the third straight month of price drops and one of the biggest on record according to cox. it s also about 10% below where it was the same time last week. that s the good news but we are still way higher than we were on average pre pandemic. so that lower trend in wholesale prices, it could lead to a drop in retail prices at some point. that s the good news. but there s an expectation that you re going to start to see inventory levels and prices for used cars find stability in the