Trade in used electric vehicles increased in Carrot... Model Y multiplied by 2.7

The number of consumers looking for electric vehicles in the used car direct sales market is noticeably increasing.

As Tesla Model Y transactions are rapidly increasing, demand for practical domestic electric vehicles is also increasing.

Carrot, a domestic community living community, announced on the 5th that as a result of analyzing direct transaction data on used electric vehicles from January to October this year, the number of individual electric vehicle listings increased by 79% compared to the same period last year, and the number of actual transactions completed increased by 54%.

By vehicle type, Tesla Model Y's rise was notable.

Compared to the same period last year, the number of inquiries increased by 88% and the number of listings for sale increased by approximately 2.9 times.

The number of completed transactions also surged 2.7 times, significantly exceeding the average growth rate for all electric vehicles.

The trading volume ranking was calculated in order of Model Y, followed by Hyundai Motor Company's [005380] Ioniq 5, Tesla Model 3, and Porter EV.

Demand for family cars is also being rapidly absorbed.

The gap in inquiries between Kia [000270] Sorento, a representative internal combustion engine family car, and Model Y was about 4.2 times last year, but narrowed to 1.6 times from January to October this year.

Last October, it was narrowed to 1.3 times.

Demand for small and medium-sized electric vehicles with affordable prices was also solid.

The number of inquiries about Kia EV3 increased approximately 2.9 times compared to last year.

Transactions for Tesla Model 3 more than doubled, and transactions for domestic light and small electric vehicles such as Kia Niro EV and Ray [228670] EV also more than doubled.

A Carrot official explained, “The number of consumers looking for used electric vehicles at a reasonable price with depreciation reflected is increasing significantly,” adding, “Electric vehicles are moving beyond second cars for early adopters and settling into popular main car options such as family cars.”