While Tesla’s prices have dropped considerably, the Porsche Taycan was the worst overall
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- A new study reveals that the PV prices used fell 15.1% compared to last year.
- The prices of Tesla electric vehicles used dropped by 13.6% compared to 2024 to an average of $ 32,199.
- In terms of model, Taycan de Porsche saw the most steep drop, losing 26.5% of its value.
If you are on the market for a used car, there are good news because a study has revealed that the average price of a used vehicle from 1 to 5 years is $ 31,257. It is down $ 239 compared to a year ago, which is equivalent to a modest drop of 0.8%.
However, if you are on the market for an EV, it’s time to burst the loot. According to Iseecars’ The latest study, the price of a late model used an electric vehicle dropped by 15.1% compared to a year ago.
Plus: global sales of projected electric vehicles to increase by 30% in 2025
This means that the average EV of 1 to 5 years costs $ 32,199. This represents $ 5,709 less than last year and is just a little more than the average price of $ 31,281 in a gas model.
Tesla was the big loser because their average price of the second -hand vehicle fell at $ 31,733, which was a drop of $ 5,013 or 13.6%. Maserati posted a greater price drop of $ 5,208, but that has only 10.6% compared to a year ago. Chrysler finished the loser’s podium while their second -hand vehicles lost $ 2,058 or 7.6% compared to last year.
Top 10 brands with the largest price drop
Iseecars blamed Tesla abrupt decreases on a variety of factors, including new vehicle price reductions, a range of aging products and to land the demand for new and used electric vehicles. It should also be mentioned that Elon Musk’s political transformation seems to have alienated certain customers and put the owners in the reticle, limiting Tesla’s call.
That said, “the prices of used cars have largely stabilized.” This includes electric vehicles, to a certain extent, because “the price of electric vehicles used dropped approximately 30% each month in the first half of 2024, but in the last six months, it has been dropped between 15% and 20%.” It’s far from being good, but things improve.
For comparison, the prices of petrol and hybrid vehicles used fell only 0.5% compared to a year ago. This is equivalent to only $ 160.
Change in the price of the used car from 1 to 5 years by the 2025 motorcycle group against 2024
Given this, Iseecars’ executive analyst, Karl Brauer, said: “It is not easy to find a lot on the used cars market today, but if an electric vehicle can meet your personal transport needs, most used models have dropped considerably during the past year, in particular compared to gas and hybrid models.”
Unfortunately, the future seems dark because Brauer said: “There is no indication that prices will drop from their current levels throughout 2025 and, with prices looming, the price of new and used cars could potentially increase.”
It’s a little disappointing, but you can save money by choosing certain vehicles. The hybrid of the BMW 5 series, Porsche Taycan and Tesla Model S saw the biggest price reductions. The Taycan, in particular, was down 26.5% ($ 26,626) compared to a year ago. Of course, you still plan to spend $ 73,976 on a used.
