Prices of used hybrids and electric vehicles increased by more than a third from a year ago
With rising gasoline prices boosting demand for fuel-efficient vehicles, the average price of used hybrids and electric vehicles increased significantly in March compared with the same month last year, according to new analysis from iSeeCars.
According to the analysis, the average price of hybrid car increased by 40.5%, while the average price of electric vehicle increased by 35.1%. Note that iSeeCars use the quoted price of the vehicle instead of the actual transaction price for analysis.
2016 Hyundai Sonata Hybrid
The Hyundai Sonata Hybrid had the largest average price increase, at 63.9%, with the median price reaching $25,620 in March 2022 compared with $9,91 in March 2021. It was followed by the Toyota Prius (45.1). %) and Toyota Avalon Hybrid (42.4%).
The Nissan Leaf had the biggest price increase of any electric vehicle. The median price in March 2022 was $25,123, up 49.2% from the $8,288 average price for March 2021.
The leaf has been longtime top seller among used electric vehicles and many redesigned versions are now nearing the end of their lease. New leaves sale for the 2022 model year and 2023 refresh seems to be just enough, without making those late model-used Leafs look stale.
Nissan Leaf 2020
Some used Leafs offer more range, as Nissan seems to have cleared the previous 226-mile version for 2023, leaving the Leaf with a 215-mile maximum range for the SV Plus version. The base Leaf S 2023 has a range of 149 miles.
Other used electric vehicles with average price increases were the Tesla Model S (42.8%), Chevrolet Bolt EV (37.4%), Tesla Model X (35.1%), and Tesla Model 3 (22nd). ,2%). The number of Teslas is not surprising, given the price of used Tesla has been skyrocketing for a while.
2022 Tesla Series (Courtesy of Tesla, Inc.)
Used electric car price started to increase last year, long before gas prices rose. It was then driven mainly by new vehicle supply problems and growing interest in electric vehicles. Recently, gas prices have boosted strong demand for high mpg cars—Special hybrids.
