Polestar used car sales outpace new models in first quarter
Polestar used car sales rose 47 percent in the first quarter as high fuel prices drove demand for cheaper EVs. Total sales grew 7 percent to 13,126 vehicles.
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The chief executive of POLESTAR AUTOMOTIVE-CL A ADS has highlighted a significant shift in the electric vehicle market, noting that used-car sales are currently outstripping those of new models. Michael Lohscheller attributed this trend to rising gasoline and diesel prices, largely influenced by ongoing geopolitical tensions involving Iran, which have pushed cost-conscious consumers toward more affordable pre-owned electric options.
