Auto Hauler Exchange chief operating officer Dana Randazzo spent part of Used Car Week 2025 on the Live Stage presented by SYCN Auto Logistics.
Randazzo and Cherokee Media Group’s Joe Overby shared a conversation titled, “Fact or fiction — The truth behind EVs,” that’s now available via this episode of the Auto Remarketing Podcast.
Having spent the last two years buying and selling electric vehicles in the retail space, Recharged CEO John Foley said he knows what buyers are looking for and flaws that exist in current remarketing solutions offered for EVs.
Foley shared his opinions during an appearance on the Live Stage presented by SYCN Auto Logistics at this spring’s Auto Intel Summit. The conversation is part of this episode of the Auto Remarketing Podcast.
More than 40 new electric vehicles are expected to hit the market by 2025, according to J.D. Power.
Experts think this increase seems to be driven by increased automaker incentives, high interest rates, federal EV tax credit leasing loophole, and concerns about long-term serviceability and battery health.
And they said an increase in leased EVs will equate to an influx of off-lease vehicles entering the secondary EV market in the next 24 to 36 months.
During this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C., a panel of industry experts discussed this emerging market, including sales, service and the importance of preparing for this growing segment.
The panel included:
—Elena Ciccotelli, host and producer, The EVs for Everyone Podcast
—Jimmy Douglas, founder and CEO, Plug
—Dan Saidy, director of sales operations, The CAR Group (Norm Reeves)
—John Foley, co-founder and president, Recharged
With only 13 EVs/PHEVs now qualifying for the full IRA Federal incentive of $7,500 due to sourcing requirements, it is clear that EV/PHEV leasing, with the 45W rule that grants the commercial user the full credit with no sourcing requirements, will inevitably be the preferred “sale” of choice for many OEMs and finance institutions.
However, as values of used EVs have dropped (and continue to drop) dramatically over the last 18 months, it has become increasingly difficult to forecast a residual value, vital to any finance organization’s lease planning.
During this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C., a trio of experts explored the wide-ranging ramifications of the substantial loss in value of used EVs, the continuing evolution of the used EV market, and how technology and digital marketplaces will affect the future of the new and used EV market.
The panel included:
Elena Ciccotelli, host and producer, The EVs for Everyone Podcast
John Possumato, founder and CEO, DriveItAway
Jimmy Douglas, founder and CEO, Plug
Rebecca Jenkins, senior director of business development with AccuTrade, addressed one of the pressing questions discussed most during this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C. How are electric vehicles impacting the used-car market? Listen to this episode of the Auto Remarketing Podcast to hear Jenkins’ keynote presentation given during the event’s final day.
What will the electric market look like in 2030 and, more importantly, how will we get there? That was the theme of this debate — a true clash of titans — between Steve Greenfield of Automotive Ventures and Scott Case of Recurrent during this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C. Moderated by Cherokee Media Group’s Joe Overby, Greenfield and Case sparred for more than 30 minutes, setting the stage for another potential meeting at this year’s Used Car Week.
