In the exciting realm of automotive innovation, certain electric vehicles (EVs) are hard-to-find gems while others are commonplace on dealership lots, making it essential for enthusiasts and potential buyers to distinguish between them.
1. **Hyundai Ioniq 5**: Once a sought-after model with an impressive turn rate of 82% within 30 days in 2022, the Hyundai Ioniq 5 has seen its appeal decrease in 2023, as dealerships now boast inventory levels over twice that of last year, leading to a significant drop in its turn rate to just 37% and an average of 35 days to sell.
2. **Volkswagen ID.4**: Having been a top seller in 2022 with dealerships often selling more units than available, the ID.4’s turn rate has eased to 70% in 2023, indicating a shift in market dynamics and increased competition among electric vehicles despite still moving faster than many alternatives.
3. **Volvo C40**: With a striking design and innovative features, the Volvo C40 experienced a meteoric rise in 2022, achieving a sell-through rate of over 100%. However, in 2023, this has drastically fallen to 24%. Customers are taking longer to decide, as reflected in the increase of the average days to move from 8 to 39.
4. **Ford Mustang Mach-E**: A classic reinvention with electrified prowess, the Mustang Mach-E was nearly impossible to keep in stock last year. However, its 2023 turn rate has softened to 64%, despite a slight decrease in the number of days to move from 32 to 29.
5. **Kia EV6**: The Kia EV6, which enjoyed incredible demand in 2022 with a sell-through rate surpassing 100%, has experienced a slowdown this year, evidenced by a turn rate of 33% and an increase in days to move to 29, showing a different marketplace scenario.
6. **Volvo XC40**: Known for its safety and luxury, the XC40 sold faster than its rivals in 2022. Now, it’s seeing a significant slowdown, with the 2023 turn rate slipping to 32% and the days to move rising slightly from 27 to 31.
7. **Hyundai Kona**: The Kona Electric showed robust sales a year ago, but now it lingers longer on lots, with a turn rate plummeting to 31% in 2023, taking an average of 52 days to move.
8. **Ford F-150 Lightning**: The much-anticipated electric truck, Ford’s F-150 Lightning, experienced an incredible sell-through rate of 85% within its debut year. In 2023, its allure remains strong, yet slightly relaxed with a 62% turn rate and an increased average day-to-move timeframe of 33.
9. **Chevrolet Bolt EUV**: Praised for its affordability and practicality, the Chevrolet Bolt EUV has become notably easier to obtain in 2023, boasting a turn rate soaring over 100%, which signifies dealerships’ enthusiasm to maintain stock of this popular choice among new electric drivers.
10. **Nissan Leaf**: The Nissan Leaf continues to be a staple in the EV market, known for its reliability and ease of use. The turn rate has settled at 78% in 2023, but its consistent presence at dealerships suggests that it remains a favorite among those seeking an affordable and efficient electric vehicle.
11. **BMW i4**: This luxury sedan combines performance with sustainability, and its availability has increased with a turn rate now at 78%. Buyers who are not deterred by a slightly higher initial cost find the i4’s rapid acceleration and refined interiors a worthwhile investment.
12. **Audi e-Tron GT**: Known for its blend of style and performance, the Audi e-Tron GT has attracted a loyal following, and while its turn rate has dropped to 28% in 2023, its availability has improved, thanks to increased production efforts aimed at meeting the rising demand for its impressive performance.
13. **Kia Niro EV**: Although its turn rate has decreased to 18%, the Kia Niro EV remains increasingly accessible, appealing to consumers with its attractive pricing and practicality for urban environments, making it a reliable option for those looking to switch to electric without overspending.
14. **Porsche Taycan**: Renowned for its luxurious features and exhilarating driving experience, the Porsche Taycan is now more readily available at dealerships, and despite a turn rate of 40%, its presence indicates that luxury buyers still see it as a premier choice for high-end electric vehicles.
15. **Audi e-tron Sportback**: With a turn rate of 43%, the e-tron Sportback has become more prevalent in the market, drawing interest for its sleek aesthetics and functional versatility, appealing to buyers who seek a stylish yet practical electric vehicle.
16. **Jaguar I-PACE**: Despite a turn rate of 74%, the I-PACE is gaining traction due to its upcoming refresh in the 2024 model year. Interested buyers have a unique opportunity to explore this elegant option as it becomes increasingly available.
The electric vehicle market is evolving rapidly, driven by both supply and demand, shaping what you can find at your local dealership, and as manufacturers enhance their offerings and ramp up production, buyers now enjoy a broader selection than ever, catering to various needs for luxury, affordability, or a mix of both. So gear up for an electrifying future, explore the options, and find the EV that perfectly matches your lifestyle.
Related posts:
These are the hardest and easiest EVs to find at dealerships right now
EV Inventory Update: The Fastest and Slowest Selling EVs
Electric Cars Are Suddenly Becoming Affordable
