The average price of the most popular used EVs has dropped by up to $5,000 compared to last year, according to retailer CarMax.
Sales data from September 1, 2023 to February 29, 2024, showed that the top EVs at CarMax were the Tesla Model 3, Tesla Model Y, and Nissan Leaf. They were also the top-sellers in a previous CarMax report published in 2023, but since then average prices for all three have dropped. The current report showed average prices of $34,045 for the Model 3, $43,896 for the Model Y, and $18,465 for the Leaf
Overall, among the list of top-sellers, average prices are $3,000 to $5,000 less than last year, according to CarMax.
2020 Tesla Model 3
Fewer EVs from luxury brands were in the top 10 sellers this time around as well, with only four luxury models represented compared to six before. That appears to have helped lower the ceiling on used EV prices.
Those prices…
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