{"id":55568,"date":"2023-12-02T15:45:00","date_gmt":"2023-12-02T15:45:00","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=2876884"},"modified":"2023-12-02T15:45:00","modified_gmt":"2023-12-02T15:45:00","slug":"the-biggest-losers-in-the-used-ev-market-with-the-steepest-price-drops-in-2023","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/12\/02\/the-biggest-losers-in-the-used-ev-market-with-the-steepest-price-drops-in-2023\/","title":{"rendered":"The Biggest Losers In The Used EV Market With The Steepest Price Drops In 2023"},"content":{"rendered":"<div><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nissan-LEA-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 15px;\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nissan-LEA-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nissan-LEA-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nissan-LEA-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nissan-LEA-1536x864.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nissan-LEA-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/div>\n<p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<html><body><\/p>\n<p>The pandemic led to a price bubble for all vehicles, especially used ones. The good news for buyers is that values are starting to fall again. However, while the bubble is deflating for used cars, it has burst for second-hand EVs.<\/p>\n<p><!--  [Mobile]med_rect_atf --><\/p>\n<div data-pw-mobi=\"med_rect_atf\" id=\"pwMobiMedRectAtf\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectAtf\");\n  })\n<\/script><\/p>\n<p>In October 2023, the <a href=\"https:\/\/www.carscoops.com\/tag\/prices\/\">average price<\/a> for a one to five-year-old used vehicles fell by 5.1 percent market-wide compared to the same month a year earlier. However, buyers are now paying an average of 33.7 percent less for <a href=\"https:\/\/www.carscoops.com\/tag\/electric-vehicles\/\">older EVs<\/a> in 2023 than they were in 2022.<\/p>\n<p>In fact, the five <a href=\"https:\/\/www.carscoops.com\/tag\/used-cars\/\">used vehicles<\/a> whose average transaction prices have fallen the most since 2022 are all electric, reports <a href=\"https:\/\/www.iseecars.com\/hybrid-and-electric-car-prices-study\">iSeeCars<\/a>. They include the Nissan Leaf, the Tesla Model 3, the Chevrolet Bolt, the Tesla Model X, and the Tesla Model S.<\/p>\n<div class='in-asd-content'>\n<h6>advertisement scroll to continue<\/h6>\n<div data-pw-desk='med_rect_atf' id='pwDeskMedRectAtf'><\/div>\n<p><script type='text\/javascript'>\n  window.ramp.que.push(function () {\n      window.ramp.addTag('pwDeskMedRectAtf');\n  })\n<\/script>\n<\/div>\n<p><!--  [Mobile]med_rect_btf --><\/p>\n<div data-pw-mobi=\"med_rect_btf\" id=\"pwMobiMedRectBtf1\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectBtf1\");\n  })\n<\/script><\/p>\n<p><strong>Top 10 Biggest Used Vehicle Price Drops For October<\/strong><\/p>\n<div class=\"table-container blue\">\n<div class=\"table-wrapper scrollbar-hide\">\n<figure class=\"wp-block-table\">\n<table>\n<tbody>\n<tr>\n<td>Rank<\/td>\n<td>Model<\/td>\n<td>YoY Difference<\/td>\n<td>Avg Price Oct 23<\/td>\n<td>Avg Price Oct 22<\/td>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Nissan Leaf<\/td>\n<td>-30.6%<\/td>\n<td>$19,649<\/td>\n<td>$28,304<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>Tesla Model 3<\/td>\n<td>-30.5%<\/td>\n<td>$33,455<\/td>\n<td>$48,171<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>Chevrolet Bolt EV<\/td>\n<td>-28.7%<\/td>\n<td>$20,398<\/td>\n<td>$28,625<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>Tesla Model X<\/td>\n<td>-26.2%<\/td>\n<td>$61,424<\/td>\n<td>$83,199<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Tesla Model S<\/td>\n<td>-24.7%<\/td>\n<td>$56,655<\/td>\n<td>$75,251<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>Chrysler Pacifica Hybrid<\/td>\n<td>-20.0%<\/td>\n<td>$33,272<\/td>\n<td>$41,571<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>BMW 5 Series (hybrid)<\/td>\n<td>-18.7%<\/td>\n<td>$30,757<\/td>\n<td>$37,812<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>Land Rover Range Rover<\/td>\n<td>-18.3%<\/td>\n<td>$69,650<\/td>\n<td>$85,298<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>Land Rover Discovery<\/td>\n<td>-17.9%<\/td>\n<td>$37,131<\/td>\n<td>$45,242<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>Land Rover Range Rover Velar<\/td>\n<td>-17.7%<\/td>\n<td>$42,511<\/td>\n<td>$51,631<\/td>\n<\/tr>\n<tr>\n<td><strong>**<\/strong><\/td>\n<td><strong>Used Market Average<\/strong><\/td>\n<td><strong>-5.1%<\/strong><\/td>\n<td><strong>$30,972<\/strong><\/td>\n<td><strong>$32,627<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Based on iSeeCars data<\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"info flex\">\n<div class=\"arrow left\">\n                    <span class=\"arrow-line\"><\/span><br \/>\n                    <span class=\"arrow-line\"><\/span>\n                <\/div>\n<p>                <span>SWIPE<\/span><\/p>\n<div class=\"arrow right\">\n                    <span class=\"arrow-line\"><\/span><br \/>\n                    <span class=\"arrow-line\"><\/span>\n                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Their values have fallen by between 24.7 and 30.6 percent, and the presence of a number of <a href=\"https:\/\/www.carscoops.com\/tag\/tesla\/\">Tesla vehicles<\/a> is no surprise. In addition to leading the EV market in America, <a href=\"https:\/\/www.carscoops.com\/2023\/10\/tesla-q3-earnings-not-the-disaster-some-predicted-but-still-a-concern\/\">the automaker<\/a> has been constantly lowering the prices of its new vehicles this year, driving down the prices of its used models.<\/p>\n<p>While the drop in used EV prices has been significant, their average prices are still higher than those of used vehicles generally. Whereas the typical second-hand EV sold for $34,994 in October 2023, the average across all used vehicles was $30,972.<\/p>\n<div id=\"taboola-mid-article\"><\/div>\n<p><script type=\"text\/javascript\">\n  window._taboola = window._taboola || [];\n  _taboola.push({\n    mode: 'thumbnails-a-mid',\n    container: 'taboola-mid-article',\n    placement: 'Mid Article',\n    target_type: 'mix'\n  });\n<\/script><\/p>\n<p><strong>Read: <a href=\"https:\/\/www.carscoops.com\/2023\/11\/tesla-slashes-prices-of-new-and-used-cars-by-over-3000-again\/\">Tesla Slashes Prices Of New And Used Cars By Over $3,000 (Again)<\/a><\/strong><\/p>\n<p>The high price of second-hand EVs also helps explain the segment&rsquo;s precipitous fall. In October 2022, the average second-hand vehicle sold for $32,627. Meanwhile, the typical price for a used EV was 62 percent higher, at $52,821.<\/p>\n<p>While prices for EVs are falling back down to earth, prices for hybrids are shrinking more slowly. Like their all-electric counterparts, hybrids continue to sell for a little more than the average vehicle ($31,511), but their value has only fallen by 9.6 percent since 2022.<\/p>\n<p>Whether prices for these segments have bottomed out remains to be seen, but as the used vehicle market recovers from the pandemic, some uncertainty about where prices will normalize inevitably persists.<\/p>\n<p><strong>Used Vehicle Price Drops by Segment<\/strong><\/p>\n<div class=\"table-container blue\">\n<div class=\"table-wrapper scrollbar-hide\">\n<figure class=\"wp-block-table\">\n<table>\n<tbody>\n<tr>\n<td>Segment<\/td>\n<td>YoY Difference<\/td>\n<td>Avg Price Oct 23<\/td>\n<td>Avg Price Oct 22<\/td>\n<\/tr>\n<tr>\n<td>All<\/td>\n<td>-5.10%<\/td>\n<td>$30,972<\/td>\n<td>$32,627<\/td>\n<\/tr>\n<tr>\n<td>EVs<\/td>\n<td>-33.70%<\/td>\n<td>$34,994<\/td>\n<td>$52,821<\/td>\n<\/tr>\n<tr>\n<td>Hybrids<\/td>\n<td>-9.60%<\/td>\n<td>$31,511<\/td>\n<td>$34,850<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Based on iSeeCars data<\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"info flex\">\n<div class=\"arrow left\">\n                    <span class=\"arrow-line\"><\/span><br \/>\n                    <span class=\"arrow-line\"><\/span>\n                <\/div>\n<p>                <span>SWIPE<\/span><\/p>\n<div class=\"arrow right\">\n                    <span class=\"arrow-line\"><\/span><br \/>\n                    <span class=\"arrow-line\"><\/span>\n                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>        <\/body><\/html><\/p>\n\n<h2><b>Commercials Cooperation Advertisements:<\/b><\/h2>\r\n<p><br>(1) IT Teacher IT Freelance<br> <\/p>\r\n<a 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Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training. \r\n<br><br>Contact us right away. <br><br>Email (Prefer using email to contact us): <br>SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"<div><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/2023-Nissan-LEA-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\"><\/div>\n<p>The prices of all used vehicles are dropping, but none are falling as fast as electric cars<\/p>\n","protected":false},"author":349,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267,6165],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-55568","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","category-news","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/55568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/349"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=55568"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/55568\/revisions"}],"predecessor-version":[{"id":55569,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/55568\/revisions\/55569"}],"wp:attachment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