Although used EV prices have dipped slightly in the last three months, they're up nearly 10% year over year.
And with gas prices remaining elevated, used EVs are also selling faster than ICE vehicles on average.
Driving the news: Analyzing data from more than 1.5 million used vehicles between 1 and 5 years old, iSeeCars found that used EV prices are up 9.8% (or $2,896) from September 2025 to $32,533 this September.
That jump is exactly double the 4.9% increase for used hybrids.
Used ICE vehicles are up by just 0.3% in price over the same period.
Zooming in: Used EV prices peaked in June this year at $33,305.
Prices jumped around $2,800 between March, when the Middle East conflict began and gas prices rose, and June.
Prices have ticked down about $800 since the summer peak.
“I've always said that gas prices won't change consumer behavior on a short-term basis,” Karl Brauer, iSeeCars Executive Analyst, told CDG News. “If they're fleeting, that won't have an impact. But the longer that they are elevated or reduced, if it's going the other way, the more and more, the higher percentage of people it'll start to impact…The gas prices went up in March because that's when the conflict started, but we didn't really see the pricing of EVs move up until June. It took a couple of months, and then after that it was like, OK, I'm tired of these gas prices, and people started buying EVs.”
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Flipping costs: A year ago, the average used EV price of $29,637 was $2,227 below the average ICE vehicle at $31,864. At the end of September, used EVs were $579 more than ICE vehicles.
“They kind of just equalized with gas cars,” Brauer said. “People aren't necessarily paying a premium for EVs now, but they're willing to pay essentially as much as you'd pay for a gas car.”
Moving faster: Illustrating Brauer’s point, used EVs are moving 10.1% faster than a year ago, staying on the market 41.9 days compared to 46.6 days in September 2025.
ICE vehicles have seen a 19.9% increase in days on the market in the past year, going from 45.7 days to 54.8 days.
Best-performing models: The fastest-selling EV is the Audi Q4 Sportback e-tron at 29.8 days, making it the third-fastest-selling used vehicle behind the Lexus IS 500 (24.3 days) and Audi Allroad (29.5 days).
The Toyota bZ4X, Lexus RZ 300e and Honda Prologue were all at 35 days or less.
On the opposite end, the Cadillac Escalade iQ is at 128.7 days, and the GMC Sierra EV is at 93.2 days.
Biggest movers in price: There were 10 used vehicles that increased by more than 11.5% in price in the past year, led by the BMW X2, which jumped 24.3% to $33,425.
Three Teslas, the Model S, Model X, and Model 3, were in the top five with price increases between 15.4% and 22.5%.
The Chrysler Voyager had the largest drop, down 17.3%, to $22,466.
Bottom line: With the increase in prices and the turn rate for used EVs, dealers could find opportunities in the space.
“[Dealers] can maybe reconsider EVs they see coming to market,” Brauer said. “I think a lot of them were rightfully hesitant to purchase an EV from auction because they wouldn't know how long that would sit on the lot and how hard it'd be to get rid of. I think that's changed for the better for them now.”
He did caution that dealers need to study what models are moving and which ones are not.
“High prices for gas can't save unpopular EVs,” Brauer said. “If it was never a very well-executed EV that had a lot of market appeal, it still doesn't have a lot of market appeal… Be smart. If you see cars come to auction that were originally well-received when they were new, they're probably selling for more than they were six months ago.”
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