The models’ price declines easily eclipse those of ICE, hybrid models, study shows.
Study shows non-Tesla stores selling the models surged over the past three years.
Pandemic pressures have forced used-car buyers to get older and older vehicles.
Study shows exterior hues matter when it comes to value, dollar value, at least.
Analysts cite larger inventories, higher interest rates and economic uncertainty as the reasons.
For the first time in recent history, some vehicles have appreciated in value or depreciated less than expected, finds a recent iSeeCars study.
iSeeCars research finds prices of battery-electric vehicles (BEVs) rose 54.3%, while used internal-combustion-engine (ICE) vehicle prices rose 10.1%.
High demand amid limited new vehicle inventory has driven up used vehicle prices. But it’s also impacting the rate their values are depreciating.
IHS Markit finds the average age of a car on U.S. roads rose to 12.1 years in 2021, up from 11.9 years in 2020. In comparison, the average age was 9.6 years in 2002.
Wholesale used vehicle prices have increased 37% over the past 20 weeks and used retail prices rose 15% since the end of 2020.
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