Sales of pure battery-electric vehicles jumped 72% to a record 147,799, the best quarter ever for EVs.
With record-high prices, low incentives, and a higher interest rate, the estimated typical monthly payment increased to a new record high at $687, which was up 20.7% year over year.
But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
All major market segments saw seasonally adjusted wholesale price increases in September, while sales into fleets were down 21% year over year in September.
Second quarter numbers show emerging competition for buyer choices as more models enter the market.
A Kelly Blue Book report shows growing interest in electric and green vehicles, especially SUVs.
Figures remain down 16% from year-ago level.
Ford is seeing increased interest in its Police Interceptor Utility Hybrid, as orders of the standard hybrid version have increased to more than 20% of all its PIU units ordered to date.
The average fuel economy of new vehicles sold in the U.S. in December fell to 25 mpg — down 0.2 mpg from a revised November value, according to Brandon Schoettle and Michael Sivak, researchers from the University of Michigan's Transportation Research Institute (UMTRI).
New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.
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