Executive Automotive Analyst
NADA Used Car Guide
Used electric vehicle (EV) prices have continued on path similar to previous analysis over past two years – prices continue to be very soft. Demand continues to be hampered by range and technology concerns, as well as by stiff competition from highly efficient, cheaper, gasoline-powered cars. Depreciation rates are in part a product of the level of discounting at new vehicle sales.
MSRPs Don’t Include State and Federal Tax Credits, or OEM Incentives and Rebates:
Incentives are helping new EV sales, but they are being cut back at the state and federal levels.
Top Performer on One-Year-Old List is Tesla Model S at 83.1% Retention Value:
Nissan Leaf is near the bottom of the one-year old list at 43.5% retention value.
Tesla Model S Once Again Finished at Top of List for Three-Year Old Retention:
Toyota’s RAV4 score was relatively good compared to the rest of the pack.