New data from Q2 suggests that used electric vehicle (EV) prices are stabilizing in the U.S., though it also points to continued supply constraints for the next couple of years.
According to the Q3 2024 Used EV Market Report shared by Recurrent Auto last Wednesday, used EV prices appear to be stabilizing—particularly in the $20,000 to $25,000 price range.
The data from recent months suggests that prices for used EVs are expected to become more predictable in Q3, while older model-year, lower-ranged EV prices are expected to continue dropping. Lease rates for battery-electric vehicles (BEVs) also surged in 2023,
EVs detailed in the company’s pricing index include the 2018 Chevrolet Volt, the 2019 Prius Prime, the 2019 Tesla Model 3, the 2020 Bolt EV, the 2020 Tesla Model Y, the 2021 Pacifica Hybrid, the 2021 Volkswagen ID.4, the 2022 Nissan Leaf, and the 2022 Mustang Mach-E. The firm also notes that they update the mix of vehicles included in the index each year, in order to better reflect current auto inventories.
Below you can see a few of the report’s charts, including pricing changes in some of Tesla’s used EVs.
Credit: Recurrent Auto
Credit: Recurrent Auto
Recurrent also notes that the EV market is continuing to grow, while used EV inventory totals seem to be leveling off since it first started covering inventory levels in 2021. Used EV inventories has surged around fourfold since then, with the current total inventory level on used EVs lands around 40,000 at any given time.
The report includes a ton of other insights on the used EV market going into Q3, and you can read Recurrent’s full Q3 2024 used EV market report here.
Alongside the used EV report, Recurrent published an EV adoption report on Wednesday, noting that U.S. EV sales appear to be on pace for the 2030 target of reaching 50 percent volume of auto sales.
In April, Tesla’s EVs were found to be some of the most in-demand used automobiles in Australia, while the Model S and Model X were recently considered used vehicles to avoid by Consumer Reports.
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
ivermectin 12mg for humans for sale – cost carbamazepine cost carbamazepine 400mg
order isotretinoin 40mg pills – buy dexamethasone 0,5 mg for sale purchase zyvox online
amoxicillin without prescription – diovan 160mg price buy combivent pills for sale
azithromycin 250mg brand – order tindamax without prescription order bystolic 20mg online cheap
prednisolone online buy – order azipro 250mg pills buy progesterone
purchase furosemide pill – order piracetam online betnovate online order
amoxiclav generic – order ketoconazole 200mg sale order cymbalta 20mg online cheap
buy generic doxycycline online – strongest over the counter asthma buy glipizide without prescription
buy amoxiclav pill – duloxetine generic purchase cymbalta online
zanaflex uk – buy generic microzide purchase microzide for sale
buy cialis 10mg for sale – order sildenafil online order sildenafil without prescription
order sildenafil without prescription – order viagra cialis 10mg uk
purchase atorvastatin online cheap – buy generic norvasc for sale order lisinopril generic
buy cenforce 100mg for sale – cenforce 50mg cheap glycomet 500mg ca
buy atorvastatin generic – buy atorvastatin 10mg pill lisinopril over the counter
prilosec where to buy – oral lopressor 50mg buy tenormin generic
generic clarinex 5mg – buy generic desloratadine buy priligy 60mg pill
order misoprostol pill – diltiazem buy online buy diltiazem no prescription
brand acyclovir 800mg – zovirax 400mg generic rosuvastatin where to buy
buy generic domperidone – order motilium online cheap oral flexeril 15mg