Value of Used Plug-in Cars On Decline
Used hybrid and electric vehicle values are falling despite rising fuel prices, according to Kelley Blue Book. That could be explained by the great lease deals on new electric vehicles. And according to Alec Gutierrez, Kelley Blue Book senior analyst, it also stems from a fading interest in used electric vehicles because small cars with internal combustion engines are becoming more efficient.
The Nissan LEAF, Fiat 500e battery-electric vehicles, and Chevrolet Spark EV can be leased for as little as $200 a month and $999 down, said Gutierrez in the Blue Book Market Report for July.
- A used 2013 Chevy Volt can be had for $29,600, while a new 2013 Volt would set you back $39,100.
- A used 2013 Ford C-MAX Energi SEL Wagon 4d is going for $28,800, while a new Ford C-MAX Energi is $32,950.
- A 2012 Toyota Prius Plug-in 4-door hatchback is going for $25,800 compared to $32,000 for a new plug-in Prius.
Among all segments, the segment for conventional hybrid gas-electric vehicles had the steepest depreciation in the first six months of the year at 13.2 percent, according to Kelley Blue Book. “This reiterates that consumers are becoming less willing to pay top dollar for vehicles within the used hybrid car market,” said Gutierrez.
New to EVs? Start here
Electric Cars Pros and Cons
EVs are a great solution for most people. But not everybody.
Seven Things To Know About Buying a Plug-In Car
A few simple tips before you visit the dealership.
Incentives for Plug-in Hybrids and Electric Cars
Take advantage of credits and rebates to reduce EV costs.
Buying Your First Home EV Charger
You'll want a home charger. Here's how to buy the right one.
The Ultimate Guide to Electric Car Charging Networks
If you plan to charge in public, you'll want to sign up for charging network membership (or two).
Electric Vehicle Charging for Businesses
How do you ensure that electric car owners will be happy with every visit to your charging spot?
How to Use the PlugShare EV Charging Station Tool
Locate EV charging stations and optimize their use with a powerful mobile app.
Quick Charging of Electric Cars
Add 50 to 60 miles of range in about 20 minutes. Here's how.
The Real Price of EV Public Charging
Compare the cost of charging on the road to what you pay at home.
Electric Vehicle Charging Etiquette
Thou shalt charge only when necessary. And other rules to live by.