Used Plug-In Electric Cars Sell Quicker Than ICE

JUL 14 2016 BY ERIC LOVEDAY 17

Nissan LEAF

Nissan LEAF

A recent study by iSeeCars focused on how quickly used cars sell.

According to the study, plug-in electric cars account for less than 1% of new car sales in the U.S., but in the used market, plug-ins are hot.

As Cheat Sheet reports:

“Looking at the secondhand market, iSeeCars.com zeroed in on 2.2 million vehicles from model years 2013 through 2015 that were listed and sold in the first five months of 2016. Compared to the 42.5 average days for a gasoline car on the used market, electric cars took just 29.2 days to sell. Plug-in hybrids (40.7 days) and standard gas-electric hybrids (38.2 days) also beat gasoline cars in the study.”

In fact, five green models (PHEV, HEV or EV) made the Top 10 list for quickest selling used cars.

The three quickest selling plug-ins are listing in order below:

  1. Tesla Model S
  2. Nissan LEAF
  3. Toyota Prius Plug-In Hybrid

iSeeCars.com CEO Phong Ly, says that there are several factors that lead to used plug-in selling quickly. Those factors include:

  • HOV lane access
  • Faster depreciation for plug-ins
  • Limited inventory
  • High new sticker prices

Source: Cheat Sheet

Categories: General

Tags:

Leave a Reply

17 Comments on "Used Plug-In Electric Cars Sell Quicker Than ICE"

newest oldest most voted

It’s all about pricing. SparkEV sells lot slower. One reason is that used ones are listed ~$14K while new ones on sale listed for $18K before subsidy, which is ~$10K after subsidy. This might be why there are so few used SparkEV available, and ones in autotrader sit there for months and none listed in Craigslist.

With Tesla S, Leaf, etc., you can save (tens of) thousands with used.

I test drove a Spark-EV 3 weeks ago. among the six BEV I drove, it was one of the quickest, but acceleration handling was the worst.

Yeah, having such torque in tiny frame with slippery eco tires _and_ torque steer will make for “interesting” sensation under full power at low speed. I have to wonder if it’s the worst among any car when in full power, gas or EV. Forum posters say stickier tires improve things.

But if you keep the power in check (ie, limit it to about 80 kW like Leaf under full power), it’s not as bad. With even lower power levels for typical acceleration in traffic (under 50 kW), it’s not noticeable. I tend to keep it slow after noticing rapid tire wear.

I have a Volt for refference. I drove my brothers Spark and it was a gas…pun intended. It is wsy faster than the Volt and my FFE

“but acceleration handling was the worst.”

I don’t know what acceleration handling means. I assume you mean “torque steer”. Yes, I agree. Spark EV has some of the worst torque steer I have ever experienced.

It is the curse of FWD/high power cars…

But “normal” handling is decent on the Spark Ev due to its compact size, light chassis and relatively low center of gravity.

It isn’t as sharp as Fiat 500e or FFE. But it isn’t as numb as Prius.

You forgot fuel savings, The cars pay for themselves in fuel saving from 150-300,000 miles: Economics.

People automatically assume EV are cheaper, but when one’s not on base rate or solar, it could get expensive. I read one dealer comment section where the salesman apparently told them it’d be cheap and it turned out the EV was costing them more than their truck.

The first thing you do before you go solar, is buy that EV for you and your spouse, then the solar savings are Double.

Depends where you live, too. Some places have exorbitant electricity rates (if you do, get solar!!!), others are below the 12 cent / kwh national average

I’m sorry but I, for one, don’t see this in a good light. Like Sparkev said- With Tesla S, Leaf, etc., you can save (tens of) thousands with used. This is terrible, EVs are getting to be known as a stupid idea where you lose tons of money. Or you lease and let the brand lose those tons of money. This is going to hurt in the long run

You have no idea what you’re talking about.

The data does not support you lumping in the Model S and the Leaf together when discussing resale values.

Model S resale values are as good, or better than their German/Japanese luxury vehicle equivalents. Which makes them far and away better than Cadillac.

The Leaf has a different set of circumstances… lots of Leafs were bought with very strong incentives, with Georgia giving people $5,000 + federal tax credit of $7,500. That’s $12,500 on a $25-30k vehicle. Naturally then, the resale value after 3 years, combined with relatively terrible cycle life on the batteries have made the resale value around the $10k mark.

But, $10k on a vehicle that cost some people around $15-18k is actually quite good.

But Leaf’s resale price will go up after this news, and also with newer battery models.

Tesla: I fly low I’m in high demand:
https://www.youtube.com/watch?v=opBe5z0qwRE

There’s virtually no price premium for used plug-ins. They’re really a fantastic deal.

Used plug-ins are a great deal for people who can’t or don’t want to spend the money on one new but want to drive electric.

A new Chevy Volt at $35-40k is a bit much for many, but a used one at $12-18k is a lot more tolerable for them.

So, used plug-ins combine reasonably low prices with low maintenance and low operating costs. New is nice if you can afford it. But used plug-ins are obviously the most affordable and practical choice.

I think it would be interesting to see a “Total-Cost-of-Ownership” study, comparing a used 2013 Chevy Volt with a 2013 Chevy Cruze (each with, say, 30,000 miles).