Americans Are Buying Loads Of Used EVs, But You Might Want To Hurry
Used EV sales in the US surged 53.9% in March from February, with 42,924 units sold, while the supply of used EVs fell 31.7% from the prior month. The average used EV asking price was $34,753, down just 0.4% from February.
Used EV sales in the US reached a record high in March, with 42,924 units sold, a 53.9% increase from February and a 27.7% jump from March 2025. Brands like Chevrolet, Ford, Hyundai, and VW saw used EV sales increases of over 50%. The supply of used EVs fell 31.7% from the prior month and 28.8% from a year ago, with just 31 days of supply available. The average used EV asking price was $34,753, down 0.4% from February. New EV sales were 82,269, down almost 25% from last year but up 20.2% from February. Tesla sold 41,055 new EVs, half of the total new EV sales. Cox Automotive expects used EV sales to continue growing due to the lag behind new EV sales.
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