Electrified Used Cars Spend Less Time On The Lot Than Non-Electrified Cars
During the 2013–2015 time period, 5 out of the 10 best-selling used cars were electrified in some way — “best-selling” in this case refers to the speed at which units moved once on the dealers’ lots. This is according to figures recently released by iSeeCars.
That means that all-electrics (EVs), plug-in hybrids (PHEVs), and non-plug-in hybrids, made up half of the fastest-moving used car models of the time period. In particular, the Tesla Model S, the Nissan LEAF, and the Toyota Prius PHEV sold very fast once on the sales lot, according to iSeeCars.
Autoblog notes in its coverage that the “national average for a used 2013–2015 car that was listed on iSeeCars in the first half of 2016 was 42.4 days.” This compares to an average for electrified vehicles (EVs, PHEVs, non-plug-in hybrids) of 29.2 days. These figures relate to a pool of 2.2 million vehicle listings.
Continuing: “The three best-selling electric vehicles found on iSeeCars were the Tesla Model S (26.1 days), the Nissan Leaf (24.3 days), and the Toyota Prius Plug-In (19.7 days). These numbers should not really be a surprise. Almost all used cars are a deal, financially, compared to new ones. With EVs, there’s the issue that you can’t get the federal tax credit a second time, which can lower demand from some buyers, something that then pushes the price down. Other buyers might listen to Consumer Reports, which warns against used EVs. All that said, there are still a lot of people who (apparently) want to snag a low-cost electrified vehicle for themselves. As we’ve pointed out before, a used Nissan Leaf can be a raging good deal these days. Why pass that up?”
Personally, I’ve got no arguments there — used Nissan LEAFs can often be found nowadays at very competitive prices. While range is perhaps still a limiting factor for some, give it a decade or so and used Nissan LEAFs (and probably other used EVs as well) with respectable ranges will likely be available to those on a tight budget.