Market· Brief
Used EV Prices Rise Nearly 10% Year-Over-Year, NADA Reports
NADA reports that used electric vehicle prices have increased 9.8% since last September, outpacing hybrid price growth.
According to NADA, used electric vehicle (EV) prices have climbed 9.8% since last September.
This rate of increase is double that of hybrid vehicles over the same period.
The report highlights a stronger upward trend in used EV pricing compared to hybrids.
Dealers may want to review their used EV inventory and pricing strategies in response to this market shift.