Some used electric-car prices start tracking higher
Quote:
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Nissan Leaf: The electric vehicle that has exemplified plummeting value in recent years has finally stopped its depreciation plunge. According to J.D. Power and Associates, 2015 Leaf wholesale prices are about 1 percent higher than they were a year ago. It's just 1 percent, but still.
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And the Leaf is not alone...
Quote:
Fiat 500e retention is at 21 percent in the fourth quarter, up from 18 percent a year ago; Chevrolet Spark EV value retention is 25 percent this quarter, vs. 21 percent in the fourth quarter of 2017.
The Spark EV's wholesale prices are also up 10 percent year over year. Dixon said volumes on the Ford Focus EV were too low to cite, but trends indicate that prices and retained value have firmed up for that car as well.
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https://www.autonews.com/used-cars/u...heating-little
And
https://www.greencarreports.com/news...racking-higher
Theories to explain the reversal in plunging EV prices:
- The cost of all cars is rising, making used ones more valuable (but if that were true, wouldn't we be seeing some used ICE vehicles going up in value, year-over-year?)
- The fire sale/rock bottom used EV prices in the last couple of years have spurred demand in buyers, thus driving prices back up a bit.
I think #2 is more likely.