The biggest fallers, which were all EV’s, fell thousands of dollars each, while the biggest risers, all combustion engines, rose by comparison.
Used electric vehicles are seeing an unprecedented drop in value this year, with one EV model plunging by as much as 40%, while internal combustion engine cars have become more valuable, according to an exclusive report from UK newspaper the Daily Mail.
Using data from car valuations company cap hpi, the report names 20 “second-hand cars” that have seen the biggest drop in prices, and 20 of the largest value risers from January through June of 2023. All 20 fallers are electric vehicles, while none of the 20 risers are.
Listing the price changes in British pounds, Just the News converted the Daily Mail’s figures into USD.
For EV’s, the Hyundai Ioniq, Nissan Leaf, Hyundai Kona, Kia Soul, and SEAT Mii Electric were among the biggest losers and are listed below.
- Hyundai Ioniq: -33.1% (-$7,831)
- Nissan Leaf -33.2% (-$7,944)
- Hyundai Kona -33.5% (-$9,556)
- Kia Soul -36.7% (-$8,537)
- SEAT Mii Electric -40% (-$7,446)
Tesla Model S, Honda e, and BMW i3 were also listed among the “biggest used car price fallers.”