Used EV Prices are Now Going Up in America
Electric vehicles have historically been "notorious" for losing their resale value, reports CNBC. But this year prices for used EVs in the U.S. "are up 5.1% from January to June 2026, according to a Recurrent analysis published this month." The trend continued into the second half of the year: Prices are up 7% year to date through mid-July, it said. Recurrent compared EVs according to the same…
In the United States, the resale value of used electric vehicles (EVs) is experiencing a surprising upward trend, according to a recent analysis by Recurrent. Prices for used EVs have risen by 5.1% from January to June 2026, with a further increase of 7% year to date through mid-July. This phenomenon, where used EVs are appreciating instead of depreciating, is unprecedented in the industry.
The upward price growth is consistent across various make and model years, with Recurrent comparing 108 different combinations and weighting the price growth based on inventory volume. Stephanie Valdez Streaty, director of industry insights at Cox Automotive, noted that the price increase was broad-based, with 21 of the 25 used EV models with the highest sales volume seeing a price hike between January and June 2026.
Despite a large supply of used EVs entering the market, which typically would cause prices to fall, the demand for used EVs has been surging. Factors contributing to this demand are high gasoline prices due to the ongoing Iran war, making fuel-efficient options more attractive to consumers. Additionally, overall affordability has improved due to persistent inflation, pushing more consumers toward the used car market.
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