Is the EV market dying? It is for us...

Why We Are Discontinuing Electric Vehicle Sales at Our Dealership

At Carite LTD, we are committed to providing our customers with vehicles that offer both quality and long-term value. As part of our responsibility to maintain a sustainable and customer-focused business, we continually assess the performance and viability of every segment of our inventory—including electric vehicles (EVs).

After a thorough evaluation, we have made the decision to discontinue the sale of electric vehicles at our dealership. This decision is based primarily on the current state of the used EV market, which has proven to be consistently unprofitable.

While EVs represent an important part of the automotive industry's future, the realities of the secondary market have presented significant challenges. These include:

• Declining resale values, making EVs less attractive for trade-in and remarketing

• Limited buyer demand for pre-owned EVs in our region

• Rapid technological changes that quickly depreciate older models

We have outlined the full reasoning behind this strategic shift in a video, which we invite you to view that includes our experiences and some insightfull information.

Watch the video: https://youtu.be/pHeVc5HK4oE

This decision allows us to focus on providing vehicles that retain value and meet our customers' expectations over the long term. We remain committed to transparency and to delivering a product lineup that reflects both market realities and the best interests of those we serve.