New EVs stagnate, used EV prices have dropped up to 38% this summer

New cars are more expensive than ever, so cheap used EVs sound like a win.

4 comments

This has to be Tesla pricing related, right?
- And generally more availability of cars which reduces the markup they can charge.
  
  As well as people still only being able to afford the same monthly payment, but higher interest rates.
Love to see the drop in used EV prices, but its got a long way to go. I'd love to replace my Volt with a full EV, but the price is still more than double what I paid for my Volt for something with decent range.
Yep, demand has cratered as a result of inflation in other areas and high inflation rates. Watch what happens when student loan payments return.