High gas prices are pumping up used EV sales: these are FLYING off the lot — SkimNews
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- Used EVs are selling in under 35 days on average, with models like the Audi Q4 Sportback e-tron Quattro spending just 29.8 days on dealer lots, far below the 82-day average for new cars in October.
- iSeeCars found that average transaction prices for used EVs rose 9.8% last month while internal combustion engine vehicles saw only a 0.3% increase, signaling strong price momentum for electrified models.
- Audi Q4 Sportback e-tron Quattro turned in a 29.8-day turnover, outpacing even the industry’s 75-day sales target and highlighting exceptional demand for premium used EVs.
- Toyota BZ4X, Lexus RZ300e, Honda Prologue, and Polestar 2 each sold in 35 days or less, according to iSeeCars, joining a growing list of fast-turning used EVs.
- Karl Brauer, iSeeCars Executive Analyst, stated that EVs are appreciating faster than other drivetrains and spending less time in inventory, while gasoline vehicles are taking longer to sell despite stable pricing.
- Used electric vehicles averaged $32,533 in September 2026, up $2,896 from $29,637 a year earlier, reflecting sustained upward pressure on prices due to supply-demand imbalance.
Why it matters: Dealers are gaining pricing power on used EVs as demand outpaces supply, while buyers of gasoline-powered vehicles face longer sales cycles and no price relief. The 9.8% monthly price jump for EVs versus 0.3% for ICE models shows a structural shift in consumer preference that benefits EV owners and dealers but pressures budget-conscious car shoppers.
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