Used Electric Vehicle Prices Plummet, Sales Overtake Most

Oct 22, 2023 · The average price of a used EV is now $27,800 in the US, falling 32 percent year-over-year. And Tesla has likely influenced this trend. The average price of a used Tesla Model 3 has decreased by ...

$27800
OFF

Used Electric Vehicle Prices Plummet, Sales Overtake Most

2 weeks from now

insideevs.com

30%
OFF

Used EV Prices Are Collapsing — And Tesla Is The Reason Why

2 weeks from now

Jul 13, 2023 · In the firm’s June 2023 report, the data shows that used EV prices have fallen by nearly 30% year over year, with price drops actually accelerating from 8.8% in January to …

yahoo.com

4%
OFF

Used EV Prices Fall The Hardest As Used Car Value Drops - USA TODAY

2 weeks from now

Oct 23, 2024 · From the iseecars.com data, the top year-over-year price boosts in the used market have been for the Porsche 718 (21.4%), Volvo S90 (16.3%), and Chevrolet Camaro …

usatoday.com

38%
OFF

New EVs Stagnate, Used EV Prices Have Dropped Up To 38% This …

2 weeks from now

Jul 12, 2023 · Used Tesla prices have fallen an average of $7,141 (or 13 percent) since December 2022 and by $24,955 (or 35 percent) year on year. Looking at the whole market for …

arstechnica.com

30%
OFF

Study Shows That Pricing Of Used EVs Has Fallen By 30 Percent

2 weeks from now

Jul 11, 2023 · The prices of used EVs have dropped by 30% since the start of the year. The drop in used EV pricing is part of a larger trend. The used car market is finally starting to stabilize.

autoguide.com

4%
OFF

Electric Vehicles Are Suddenly The Best Deal In The Used-car Market …

2 weeks from now

Sep 21, 2024 · The average used-EV price was $26,839 in August, 11.4% less than the average price of $30,292 for used gas-powered cars and 9.8% less than the $29,759 average price of …

marketwatch.com

$30000
OFF

Fast Depreciation: Used EVs Are Seeing Dramatic Price Drops And It …

2 weeks from now

Oct 14, 2024 · For gas vehicles, the average second hand price has remained more or less stable at around $30,000 since 2023, according to Edmunds data – whereas EVs have gone from …

independent.co.uk

27%
OFF

The Cost Of Buying A Used Electric Car Is Plummeting—and That’s …

2 weeks from now

Sep 13, 2024 · New data from EV battery analysis and research firm Recurrent found that used EV prices for leading models had fallen 27% year over year as of this month, with some …

yahoo.com

28%
OFF

Used EV Prices Continue To Fall, Down 28% Since Last Year

2 weeks from now

The prices of used all-electric vehicles in the United States have gone down 28 percent since July 2022, according to the latest car buying report from Recurrent, with used Tesla prices seeing a ...

insideevs.com

$5000
OFF

US Used Electric Vehicle Values Fall Almost A Third In 2023

2 weeks from now

Jan 10, 2024 · All of the top-10 selling US EVs in the country have discounts, including $5,000 from Tesla for its Model 3 or Model Y cars, and more than $8,000 for the Ford Mustang Mach …

ft.com

FAQs about Used Electric Vehicle Prices Plummet, Sales Overtake Most Coupon?

Are used EV prices collapsing?

According to auto research firm iSeeCars.com, used EV prices are collapsing more than those in the overall used car market. In the firm’s June 2023 report, the data shows that used EV prices have fallen by nearly 30% year over year, with price drops actually accelerating from 8.8% in January to 16.8% in March and to 29.5% in June. ...

Which EVs have suffered the most price drop in the past year?

The vehicle that’s experienced the most rapid price drop in the industry over the past year, according to the website’s data, is the full-electric Tesla Model 3, with a glut of pre-owned models sparking an average 24.8% plunge. What’s more, the study shows that five of the top six models showing the biggest losses over the past year are EVs. ...

Are EV prices falling?

“Electric vehicle prices are now falling at nearly 10 times the rate of the average used vehicle, reflecting a clear shift in EV supply and demand.” Meanwhile, the overall used car market is stabilizing according to iSeeCars.com, with overall prices down 3.6% year over year in June, following price drops of 2.9% in May and 3.6 % in April. ...

What's happening with used electric car prices in the US?

Welcome to the latest Electric Car Market Report, updated quarterly to track US trends in used electric vehicle (EV) pricing and availability. Here are the top themes for this quarter. Used EV prices have stabilized since Q1 2024 and the Recurrent Price Index is holding just under $25,000. ...

Why have used EV prices fallen 9% since January 2024?

Since January 2024, used EV prices have fallen an additional 9%, 4% of which was in Q1. Note: Higher depreciation before 2021 is characteristic for an early market, which has a quick pace of innovation, lower customer acceptance, and lack of trust in a new technology. ...

Are used EVs less expensive than the average car?

Many tax credit eligible new EVs are already less expensive than the average car. This year’s Best Used EV is announced. The average listing price of a used Tesla Model 3 has fallen below $30,000 for 2017 to 2019 vehicles, putting roughly 300,000 used EVs within reach of a federal rebate. ...