Used GM EVs Are Gathering Dust On Dealer Lots
A new study by iSeeCars found that used GM electric vehicles, such as the GMC Sierra EV and Chevy Blazer EV, are selling slowly, with some lingering on dealer lots for over 100 days. Used non-Tesla EVs depreciated 10.3% year-over-year in Q1 2026, compared to a 1.4% dip for hybrids and a 2.8% drop for gas-powered vehicles.
Used GM electric vehicles are selling slowly, according to a new study by iSeeCars. The data, which analyzed 6.7 million transactions, shows that vehicles like the GMC Sierra EV, Cadillac Escalade IQ, and Chevy Blazer EV are among the slowest-selling used vehicles in the country. Some are lingering on dealer lots for more than 100 days, far exceeding the industry average of 58.8 days. The Sierra EV averages over 160 days to sell. Used non-Tesla EVs depreciated 10.3% year-over-year in Q1 2026. In contrast, hybrids and Tesla models are selling faster and retaining more value. With inventory building and demand soft, dealers may be more willing to negotiate on used GM EVs, potentially translating into meaningful savings for buyers.
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