Used Electric Vehicle Prices Defy Depreciation Trend in 2026
In an unusual shift from historical trends, prices for used electric vehicles (EVs) have been rising in 2026 despite a high supply of inventory. Typically known for rapid depreciation, EV resale values are now appreciating due to strong consumer demand and broader affordability concerns amid elevated gasoline prices linked to the Iran war. According to industry data from Recurrent and Edmunds, used EV prices increased by 5.1% between January and June 2026, with further gains of 7% year-to-date through mid-July. The average transaction price for three-year-old EV models rose 6%, reaching $33,303 in the first half of the year. While this trend benefits current EV owners looking to sell their vehicles at higher prices, it poses a challenge for potential buyers who may find used EVs less affordable.
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Topics: automotive market consumer demand depreciation trends electric vehicles