finance
Used EV wholesale prices rose 12% in June
The Manheim Used Vehicle Value Index for electric vehicles increased 12% in June compared with the same month last year. Non-electric vehicle prices rose 1.7% over the same period. Retail used EV sales reached 42,923 units in May.
Jul 8, 11:14 AM·1m read1 source
news.sky.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Wholesale prices for used electric vehicles rose 12% in June compared with June 2025, according to data released Wednesday by Cox Automotive. The increase outpaced the 1.7% rise recorded for non-electric vehicles over the same period. Non-EV average prices increased less than 1% to $19,125 during the same span.
EV sales to consumers reached 42,923 units in May, up 5.5% from the prior month and 24.7% from a year earlier, Cox reported. Market share for used EVs held steady at 2.8%. Tesla models accounted for an estimated 15,353 of those sales, followed by Hyundai, Chevrolet, Ford, and BMW electric vehicles.
The company linked the price gains to higher U.S. gas prices, which reached a national average of $3.80 per gallon, up 21% from a year ago. Escalating combat in Iran pushed oil prices higher on Wednesday. A senior director at Cox said continued gas price levels will influence whether vehicle costs rise further as more off-lease EVs enter the market later this year.
The same statement noted that a steep increase in off-lease supply could pressure specific segments if pump prices decline.
