Used Nissan LEAF, Chevy Volt On Top 10 Biggest Depreciation List
“Gas prices may be on the rise, but that’s not necessarily bolstering demand for used electric cars.”
States Kicking Tires.
On its latest “Top 10 Biggest Price Drops” list, we see the Nissan LEAF as the biggest loser and the Chevy Volt placing fourth.
“The all-electric Nissan Leaf saw the biggest price drop in June; asking prices for late-model used Leafs dipped 4.2 percent ($819) to $18,692 on average. The Chevrolet Volt, an electric car with a range-extending gas generator, experienced the fourth-biggest price drop, with its average price falling 2.9 percent ($710) to $23,984.”
It should be noted that both the LEAF and Volt have 2015 Model Year versions coming soon. For the LEAF, the 2015 Model Year is already available in Canada and will be shortly in the US. The 2015 Volt is right around the corner too.
Lastly, we’ll point out that this Kicking Tires chart only takes into account 2011 to 2013 Model Year vehicles, or early LEAFs and Volts. In particular, it’s well known that 2011 and 2012 LEAFs do not hold value well (incremental improvements from 2013 on make newer LEAFs, and even Volts, much more desirable).
It will be interesting to see how Nissan’s newly introduced full battery replacement program for the LEAF, priced at $5,499 + install will effect residuals on the car.
We assume that the majority of the used vehicles assessed in making this “Top 10 Biggest Price Drops” list were from 2011 and 2012, as most 2013 are still under lease contracts.
Source: Kicking Tires