Used Car Prices are Spiking

Used Car Prices Are Spiking, Except For EVs (3 minute read)

iSeeCars data show the average 1‑ to 5‑year‑old vehicle sold for $32,317 in May, up 2 % month‑on‑month after three consecutive increases. EVs bucked the surge, dropping 8.8 % to $31,110 as Tesla Model S and Model Y values slid 16.0 % and 14.2 %, respectively.

Courtesy Today in Cars June 16, 2025