KBB Lists Used Plug-In Vehicle Values Dating Back to 2011; Volt, LEAF, Karma, Prius Plug-In and So On

4 years ago by Eric Loveday 15

KBB Valuation Chart

KBB Valuation Chart

Kelley Blue Book is quite fond of its used vehicle valuations, so it should not have surprised anyone when KBB whipped out its latest “Blue Book Market Report” for July.

We'd Reckon KBB's Used Values for the Fisker Karma Are Way Off the Mark

We’d Reckon KBB’s Used Values for the Fisker Karma Are Way Off the Mark

But it surprised us.

You see, KBB basically stated that plug-in vehicle depreciate at an extremely rapid rate, which is supposedly shown in the chart above.  However, KBB largely ignored the impact of the federal government’s $7,500 tax credit.

When we examine the chart, we see what looks like a graphic showing us how well plug-ins hold value, at least compared to what most of them were purchased for after incentives.

Admittedly, we think KBB way overvalued the Fisker Karma, as there’s no chance we’d ever cough off that amount of cash on a new one, let alone a used one.

Aside from the Karma, LEAF values seem a bit on the low side, but the rest of the plug-in pack appears to be doing fine.

What’s your take?

 

 

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15 responses to "KBB Lists Used Plug-In Vehicle Values Dating Back to 2011; Volt, LEAF, Karma, Prius Plug-In and So On"

  1. evnow says:

    Leaf values look “okay” compared to what dealers are offering for ’11.

    1. evnow says:

      BTW, not sure KBB “sets” values. More like they look at whole auction prices and “derive” the prices. They are also quite a bit behind the curve.

  2. Mike says:

    With Federal and State incentives I could be driving a new 2014 Volt for 21,500$ in Colorado. You just can’t logically expect used car prices to be unaffected by rebates. Factor in the number of leases that will be ending in the next year or two and I expect used EV prices to remain depressed. Good thing I hang onto cars for a long time.

    1. vdiv says:

      Yeah, bad for the early adopters, but rather good for the second-hand adopters. There is a much larger market there both here and abroad.

  3. pjwood says:

    2012 Prius Plug-in $33,100, 2013 Volt $29,600 Right. Sure.

  4. Kent says:

    Only $800 between the 2011 and 2012 Volts?

    1. MTN Ranger says:

      May have something to do with the 2012 Volt’s standard NAV was removed compared to the 2011.

  5. Anthony says:

    As an early adopter I’m not surprised at the prices coming down. I was one of those people who got in line on launch day in 2007 and bought an iPhone for $600, only to have the price drop to $400 in three months.

  6. Brian says:

    I’m glad prices are coming down – it means the cars are successful! The other end of the spectrum is that they go out of production and because hard to find. It does mean that I have to think long and hard about whether I buy out my lease – valued at nearly $16k, given that my car is already worth about that much and I have two years to go!

  7. Josh says:

    Um, they curiously left 2012 and 2013 Model S off the list. That is probably the only used car price I am interested in at this point.

    If your reading this KBB, I would suggest a 2012 Model S Signature Performance price at around $50k. 😉

    1. evnow says:

      Tesla already has a formula they apply to give credit for used S, when someone upgrades. So, trade in figures are already established. IIRC, 17% initial depreciation, 1% per month and 1% for every 1000 miles.

  8. MrEnergyCzar says:

    I wonder what a used 60KW battery Tesla will go for in 2 years….

    MrEnergyCzar

  9. Irv Muckler says:

    Excellent… since I paid $32,000 after tax credit for my RAV 4 Ev… I’m in the black @ $35,500.

  10. Spec says:

    I’m going to have to doubt those Fisker Karma prices. I suspect you can get that car for less these days.

  11. Mikey says:

    I want to agree with them, stating the BEV have a lower value once it has been sold. Aside from the typical car loosing value off the lot, a BEV can be severely crippled if the owner deplete the batteries to 0%, something that early adopters and folks un-familiar with the technology just might do. With the batteries loosing value, the car should to.

    However! I’m inclined to believe that KBB doesn’t consider this, and simply lowers the value because they have bashed on electrics before. Check out their downright cruel review of the ZENN electric:

    http://www.youtube.com/watch?v=3RLxBA48YDY