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.
- 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.
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