6 Used Plug-In Electric Cars That Spend The Least Days On Dealer Lots

MAY 25 2018 BY ERIC LOVEDAY 22

Six out of the 10 used cars that spend the least days on dealer lots are plug-in hybrids or pure electric vehicles, but there are reasons not often explained in connection to this.

Often you’ll see this posted as quickest selling used cars, but “selling” is not always happening here in the traditional sense.

Related – $40,000 Used CPO Model S EVs Overwhelm Tesla’s Pre-Owned Site

The average used car spends (in 2017) 33.4 days on the lot, but the top 10 quickest movers spend “only 70 to 80 percent of that amount of time, ranging from 22.2 to 26.1 days,” according to iSeeCars. The site adds:

“Six of the top ten are alternative-fuel cars, with three electric cars and three plug-in hybrids.”

That would seem to indicate that used plug-in hybrids and EVs are hugely popular then, right? We’ll explain what’s going on here in a bit, but first, let’s look at those 6 used plug-ins that are on the top 10 movers list:

Tesla

6. Tesla Model S

The Tesla Model S, ranked tenth overall, but sixth among plug-ins on the list with an on-the-lot period of 26.1 days. iSeeCars stated:

“Tesla’s popularity, along with the scarcity of the Model S on the used car market, is probably driving prices up while cars continue to sell quickly.”

Our research indicates this to be accurate. Used Model S sedans are often in short supply and sometimes a substantial price drop for CPO Teslas creates a boom in sales. Who doesn’t want a $120,000 car for $40,000 – $50,000?

 

5. Ford Fusion Energi

The Fusion Energi spends 26.1 days on the lot, which is the same as the Model S, but it’s a rounded figure, so iSeeCars actually puts it just ahead of the S in terms of days on the lot.

 

4. Nissan LEAF

The introduction of the new 2018 LEAF means that used older LEAFs have seen their value plummet to an average selling price of $11,703, according to iSeeCars. Without a doubt, this price cut leads to less time on lots and, in fact, at just 25 days, the LEAF moves into #6 overall and fourth among plug-ins.

 

3. Toyota Prius Plug-In Hybrid & Prime

This one is a bit of an outlier as it covers two generations of cars, but we read the tea leaves here and can see that the iSeeCars figures apply almost entirely to the older, first-generation Prius plug-in hybrid and not the current Prime.

The on-the-lot days for the Prius Plug-In Hybrid is 24.7 days.

iSeeCars states:

“Plug-in Hybrids meet the requirements for California’s Green Clean Air Vehicle Decals, which allows drivers to use HOV lanes, and the distribution limit of these stickers was removed last year, possibly increasing the Prius Plug-in Hybrid’s popularity there,” said Ly.”

 

2. BMW i3

The BMW i3 ranked second overall and 2nd among plug-ins at 23.2 days on the lot. It’s average selling price of $23,603 is down considerably from last year’s $38,285, owing to the fact that lots of leased i3s are hitting lots now.

 

BEVs available natiowide

1.Fiat 500e

Topping the overall list and leading the way for plug-in is the Fiat 500e. It spends just 22.2 days on the lots. Its average selling price is crazy low at $9,055, a drop of 40.4 percent from $15,187 last year.

 

Closing

As we mentioned in the introduction:

“Six of the top ten are alternative-fuel cars, with three electric cars and three plug-in hybrids.”

“That would seem to indicate that used plug-in hybrids and EVs are hugely popular then, right? We’ll explain what’s going on here in a bit”

First up, the plug-in hybrids. In California, with the green stickers now a thing of the past, these used examples that have that coveted sticker will surely move quickly off lots. Here’s the future green sticker outlook from the State of California:

“Access to high-occupancy vehicle lanes for vehicles with green and white decals will expire January 1, 2019. Vehicles issued a green or white decal in 2017 or 2018 will be eligible to reapply for a decal in 2019 granting them access to high–occupancy toll lanes until January 1, 2022.”

So, get them while they last. This explains why the i3, Fusion Energi and Prius move quickly, but what about the LEAF and 500e?

Wholesalers for the 500e and super-low prices, which equate to amazing deals for the Nissan LEAF.

This leaves just the Tesla Model S, which largely sells quickly on its own, though those occasional CPO price cuts certainly reduced selling days here and there.


For more on 2017’s quickest selling used cars, see the source link below

Source: iSeeCars

Categories: BMW, Fiat, Ford, Lists, Nissan, Tesla, Toyota

Tags: , , , , , , , ,

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In California, the BMW i3 irex has a 15yr/150,000 mile warranty on a whole page of critical components such as the range extender, EME, fuel tank, cat, electric drive motor, battery, etc. So purchasing a CPO one of these becomes an incredibly good deal if you live in California.

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Seriously, and extended warranty this good is worth about $6000 by itself! Throw in 1 year of free DCQC, and it is hard to beat the a used BMW i3 irex in value.

Will

So BMW sales man ( Warren)
Is this only true for BMW or is this true for all plugin in EVs which are eligible for state rebate , based on eligibility of CA rebate ??????

Also r u confused about the exhaust systems vs the other components u described in the list
Just curious how much money did BMW pay u to sell regular info as beneficial to only BMW ?

Umm…can you not read? This is state based, which obviously makes it not manufacturer based. And if you take time to study that chart, the BEV does not get the same extension. So do you think other plug in hybrids such as the Fusion, etc get the same warranty? Do your own homework and tell me what you learn. And please don’t let my stated facts upset you.

Short answer, go study the warranty provisions for SULEV, and PZEV vehicles. Has nothing to do with being brand specific, Surprisingly, you will find many vehicles you think might be covered under this classification that are not.
And what kind of joke of a question are you asking here?:

“Also r u confused about the exhaust systems vs the other components u described in the list”

What are you trying to convey here? Did you see me discussing exhaust systems specifically? Do you not see the diverse list of covered components???

Bill Howland

IN NY State, an even better deal is the brand new Honda Clarity. 47 miles all electric range, – nice midsize vehicle, and with the whopping (for a cheap car) – dealers will sell the car as low as $30,000 – makes the car $22,500 (with sales tax on the 30k), for a brand new – certain to be very reliable Honda.

windbourne

yeah.
I will bet it is not selling as well as the used EVs.
Notice that those EVs prices are WAY belong the honda. That speaks volumes.

Personally, I think that hybrids are way overpriced.

menorman

Not the i3 prices quoted above. The only difference is that the i3 is the price at the dealer while the Clarity [PHEV] requires taking the tax credit to get to that number. But since we’re on the subject, Colorado is an even better deal with their $5k rebate, which would put a similarly-priced Clarity under $20k. Considering the trim and appointment, that’s incredible value for the money.

SansIce

It is sad to me that the clarity is so darn ugly. It is a no starter for me I guess. Honda has been going down this ugly rat hole for the last few years. The fit is a bit of a clown car but the back of the clarity – ugh

https://www.google.com/search?biw=1523&bih=533&tbm=isch&sa=1&ei=dCwIW9jIMra60PEP7dGDOA&q=honda+clarity+back&oq=honda+clarity+back&gs_l=img.1.0.0l2j0i24k1l2.3554.9297.0.12082.7.7.0.0.0.0.39.234.7.7.0….0…1c.1.64.img..0.1.38….0.q1m4pJmio-I

Bill Howland

err: should have put in $7500 tax credit in the middle there someplace.

menorman

Used cars aren’t eligible for the tax credit.

EVShopper

No. But the $7500 rebate reduces the price a used EV can sell for.

John A Brewer Jr

What zipcode did the person use to get the 40k used Teslasearch price I check a few random zipcode all should 50k or more.

James

Quite a few CPO Model S’ to choose from!

I believe that you should have written Model Ses, as Model S’ implies possession.

Someone out there

Which one spends the most time in the shop? I guess it’s a tie between the model S and the model 3?

pjwood1

22-26 days doesn’t seem like a material amount of data-spread.

I didn’t catch how the “explain what’s going on” got to Tesla’s unique manner of putting its used listings up, in doses. Just like the new-inventory cars, much of Tesla’s sales take place on a zero-day basis. Only individuals find out what they have, when they demonstrate they’re serious about buying one.

Tony

You list the BMW i3 as a plug-in hybrid. It most certainly is not. It’s all electric. I actually own an i3s.

The title is plug-in electric cars, which covers both plug-in hybrids and battery-electric vehicles (not non-plug hybrids, because we don’t cover cars without a plug). There is an all-electric i3 and an i3 Rex with a range-extending gas engine, however, that’s beside the point, since it’s a plug-in car either way. The i3 is not listed as a plug-in hybrid in the article. The article subhead also specifies:

“Six out of the 10 used cars that spend the least days on dealer lots are plug-in hybrids or pure electric vehicles, but there are reasons not often explained in connection to this.”

The i3 portion says:

“The BMW i3 ranked second overall and 2nd among plug-ins at 23.2 days on the lot.”

BMW also doesn’t separate the BEV and REX when it comes to sales, nor do most used car sales sites.

Viking79

I own the REx serial hybrid i3, aka PHEV. Yes, it is programmed to operate EV first, and CA considers it specially for ZEV credits, but is still a plugin hybrid electric vehicle.

Murrysville EV

They move off lots and go to auction, because EVs are used car poison, that’s why.

Threader

Murrysville EV
April 13, 2018 at 3:49 pm
“They move off lots and go to auction, because EVs are used car poison, that’s why.”

That’s great for the car dealers in the Canadian province of Quebec that buy USA auction phevs and bevs and import them to Quebec for sale with applicable $4000 government used plugin purchase incentive and all the green license plate gives you (No bridge tolls, free Ferry rides, reserve lane access, home charger + installation incentive $600).

PHEVfan

That last bit about California HOV stickers applies to both PHEVs and EVs. Both green and white stickers expire Jan 1 2019. If you got yours in 2017 or 2018 (either PHEV or EV) you can re-apply for the new red sticker. 2016 or older you’re done.
So that explains both EV and PHEV demand for used 2017 or newer. People who do not do their homework and get an older model will be a bit disappointed. Unfortunately for me I bought a 2015 used, before they announced the new red sticker. I consider the time I used the green sticker as icing on the cake, rather than a reason to purchase.

menorman

Actually, the red sticker also expires on January 1, 2019 and is supposed to be replaced by a decal that has yet to be announced. Also, vehicles that previously never received a sticker are now able to apply for one even if they’re not new, so that’s going to skew the used market as well as suddenly it makes sense to get something from out-of-state.