Auctions expect a lot more BEVs in 2024 and are making preparations to handle them
Friday, Jan. 12, 2024, 12:36 PM
Alysha Webb, Correspondent
Battery electric vehicles were a tiny percentage of the wholesale market in 2023, but it is a market segment that is forecast to show exponential growth. Auctions are preparing with investment and training for more BEVs to enter their lanes.
“We believe EVs are the future,” Stephen Smith, vice president of product and engineering at Cox Automotive, told Auto Remarketing.
Manheim, Cox Automotive’s auction division, sold around ...