Wholesale EV prices have increased every month this year, leading to an 11.5% jump in average pricing to roughly $30,400, according to Manheim. Non-EVs, meanwhile, have seen a less than 1% increase this year in average pricing, to $19,125, Manheim said.<\/p>\n
The average used EV listing price as of May at $37,083, according to Cox’s Kelley Blue Book. Retail prices for consumers traditionally follow changes in wholesale prices.<\/p>\n
“EVs continue to show strong performance, while prices for SUVs and Pickups falter compared to this time last year,” Manheim said in a release.<\/p>\n
Cox reports used EV sales<\/a> to consumers reached 42,923 units in May, up 5.5% month over month and 24.7% year over year, with used EV market share holding at 2.8%. Tesla<\/a> models are estimated to have led with 15,353 units sold, followed by sales of Hyundai, Chevrolet, Ford and BMW all-electric vehicles.<\/p>\n Jonathan Gregory, senior director of Cox Automotive, said gas prices are expected to continue to determine whether vehicle costs will rise amid an expected influx of off-lease EVs coming later this year.<\/p>\n A growing number of used EVs are expected to the market through the end of the year after automakers bumped up their sales of all-electric vehicles with leasing offers three years ago.<\/p>\n “The risk we’re watching for the second half is that steep ramp in off-lease supply, EVs especially, which could pressure specific segments even as the headline holds firm. Gas is the swing factor: If pump prices keep falling, some of that EV demand could fade as availability increases,” Gregory said.<\/p>\n AAA reports the national average for gas prices is up roughly 21% compared to a year ago, to a national average of $3.80 a gallon. Those prices have come down from recent highs, but escalating combat in Iran caused oil prices<\/a> to jump Wednesday.<\/p>\n The increased demand and rise in used EV prices are contrary to those of new all-electric vehicles. Many automakers reported that they saw sharp sales declines for new EVs <\/a>during the second quarter.<\/p>\n Aside from automakers pulling back billions of dollars for new EVs, the year-over-year comparison is difficult. EV demand began to spike last year during the second quarter ahead of expectations<\/a> that the Trump administration would end up to $7,500 in incentives for consumers to purchase an EV. <\/p>\n The incentives ended in September, and EV sales spiked to roughly 10% of all vehicles sold<\/a> that month before plummeting later in the year.<\/p>\n![\"UBS’](\"https:\/\/www.europesays.com\/iran\/wp-content\/uploads\/2026\/07\/108331982-1783510755886-1783510191-47033326671-hd.jpg\")
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