Used Porsche 911 Prices Drop $14,000 As Used EVs Get More Expensive
Used EV prices rose sharply in the US while overall used market softened. Tesla models dominated price increases but 911 values dropped by 10 %. Higher fuel costs due to Iran war may have pushed shoppers back to EVs. For the past few years, buying a used EV has been a waiting game, with would-be buyers often waiting for prices to fall a little further. That strategy may no longer be paying off. Used electric vehicle prices are climbing rapidly while the rest of the used car market continues to drift in the opposite direction, making dream cars like the Porsche 911 more affordable. New data from iSeeCars suggests the turnaround isn’t a one-month anomaly, either. Used EV prices have now posted three straight months of year-over-year gains, moving from a 2.7 percent increase in April to 5.2 percent in May before reaching 7.4 percent in June. Related: This Is How Much A 17K-Mile EV From A Dead Brand Sells For After 3 Years That push...