The most common trade-in on CarMax for the Nissan Leaf from September 2022 through February 2023 was the Toyota Prius.
. This is clear sign that Toyota owners are making the shift to battery electric vehicles more than owners of other brands, but why is that?One obvious answer could be that there are more Toyota passenger cars on US roads than Fords and BMWs, so it's only natural that the brand dominates in this area as well.
There's also the fact Toyota has attracted many eco-conscious buyers ever since it introduced the Prius hybrid in 2000 followed by many hybrid and plug-in hybrid variants of its best-selling models. The trouble for Toyota is that these buyers are now looking to upgrade to a battery electric vehicle, and the Japanese brand's only offering in this segment, the
, is a rather underwhelming product. Furthermore, the used EV market for Toyotas is almost non-existent.report also says that search volume for EVs has doubled in the last year, driven by higher gas prices throughout the United States. SUVs were the most common trade-in for EVs, making up 40 percent of vehicles that buyers leave at the lot, while sedans and coupes accounted for 29 percent of trade-ins for EVs; luxury vehicles came in third at 17 percent.
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