Used Electric-Car Prices Fall in January, Luxury SUVs Gain

2011_chevrolet_volt

Two high-profile electric cars, the Chevrolet Volt and Nissan Leaf, experienced the biggest price drops in January while luxury SUVs, especially Land Rovers, saw stronger asking prices.

Hybrid/Alternative-Fuel Car News

Average prices for late-model used cars fell to $23,237 in January. That's a decline of $307, or 1.3 percent, from December 2013. Prices for the Volt and Leaf, however, fell by considerably higher percentages; the average price of a used Volt was down 4.7 percent to $26,614 while the Leaf was at $20,148, a 3.6 percent decline.

Winter's grip on the country — and relatively steady gas prices — may be bolstering prices for used luxury SUVs, which managed to grab five of the 10 spots on the list of used cars with the biggest January price gains. The Land Rover Range Rover's 5.6 percent price increase to $72,356 led all models. The British luxury brand was well-represented this month as three of its other models appear in the top 10.

The charts below detail the used cars from the 2011 to 2013 model years with the biggest price drops — as well as those with the biggest gains. To be eligible for the lists, a model had to have at least 250 cars in Cars.com's national inventory.

Uc-drop-final

Uc-incr-final
Source: Cars.com used-car listings, 2011 to 2013 model years

By Mike Hanley | January 23, 2014 | Comments (3)

Comments 

Thomas J. Thias

Mr. Hanley,

The most stunning development of the last 50 years in New Car Market Pricing is the reduction of M.S.R.P. of the primary Plug-In Electric Car Industry movers, the Chevy Volt Extended Range Electric Vehicle and the Nissan LEAF BEV.

Chevy Volt EREV- $5,000.00 reduction in M.S.R.P. MY14!

Outgoing GM North American President, Mark Reuss Tweeted, on August 6th, 2013, in a response to Detroit News, Auto Writer, Melissa Burden critical article, "When we cut the cost of our Volt through engineering and development we will pass it on to our customer."

Mr. Hanley, The MY14 Chevy Volt EREV is now $5,000.00 less to buy then the MY13 Volt EREV!

That the value of "Late Model" Used Chevy Volts has only fallen $1,308.00 after this massive M.S.R.P. adjustment is astonishing!

Best-

Thomas J. Thias

The Amazing Chevy Volt Extended Range Electric Vehicle- Facts Guy

@AmazingChevVolt

517-622-6081

Thomas,
We reported on the 2014 Chevrolet Volt's price drop when it was announced in August. The lower price is probably putting more pressure on used Volt prices, but with different forces at work in the used and new markets it's difficult to know how much.

The $1,308 drop in asking price that used Volts experienced this month is specific to the Dec. 1 to Jan. 1 timeframe and doesn't account for price swings from August 2013 (when the 2014 Volt went on sale) through November 2013.

This was expected, the reason could be the decreasing demand of these hybrid cars because their battery takes too long to get charged and also the battery is too expensive and need to get replaced after 10 to 12 years.

Post a Comment 

Please remember a few rules before posting comments:

  • If you don't want people to see your email address, simply type in the URL of your favorite website or leave the field empty.
  • Do not mention specific car dealers by name. Feel free to mention your city, state and brand.
  • Try to be civil to your fellow blog readers. This blog is not a fan or enthusiast forum, it is meant to help people during the car-buying process and during the time between purchases, so shoppers can keep a pulse on the market.
  • Stay on topic. We want to hear your opinions and thoughts, but please only comment about the specified topic in the blog post.
view posting rules

If you have a TypeKey or TypePad account, please Sign In

Search Results

KickingTires Search Results for

Search Kicking Tires

KickingTires iPhone App
Ask.cars.com