Posts: 33
Joined: Thu Oct 26, 2017 1:32 am
Delivery Date: 26 Oct 2017
Location: Ashland, OR

Recent Rise in Prices

Wed Nov 01, 2017 6:13 pm

I read several articles about how cheap EVs were. Jalopnik was saying the Fiat 500e was going for low $4k at auction. It got me thinking now is the time to return to the EV market (embarrassingly, I owned a Zap!...less so, I also owned a Brammo MC). Well those days are gone! Auction prices on the 2014 500e are now averaging over $8k! The same holds true for price rebounds in all other EVs. It got me wondering why. I think I have the answer.

Every year, when the CAFE sales metrics reset, manufactures have to pump EVs into the market to meet fleet standards. When attractive lease options are available, that places downward pressure on the used market. Why buy and own the risk when you can lease and simply give it back. Once they've placed enough to meet the yearly goal, through lease or sales, the screamin' deal leases evaporate and used prices climb.

To add insult to injury, fuel prices typically rise in the winter. EV prices follow gas prices in lockstep.

That all leads me to conclude that right now is actually a terrible time to buy a used EV unless you fall into an extraordinary deal and that better deals should come back in late winter/spring when leases return and fuel prices begin to drop back down.


Posts: 56
Joined: Thu Jul 13, 2017 8:19 am
Delivery Date: 21 Feb 2018
Leaf Number: 307105
Location: Greater Chicagoland

Re: Recent Rise in Prices

Tue Jan 02, 2018 3:56 pm

Nissan went to some lengths (2 free months for a 6-month extension, AIUI) to encourage lessees whose leases would have expired in late 2017 to extend their leases into 2018, undoubtedly to ensure that the 2018 Leaf would be available to those lessees. This has made the number of off-lease Leafs available in late 2017 unusually low, and should make the number of off-lease Leafs available in early 2018 usually high.

I don't know what caused the dip in used Leaf prices in January-February 2017. If the dip reoccurs this year, I'm going to take advantage of it. However, crude oil prices are trending up, which may, as you point out, raise used Leaf prices.
2017-12-16 New Prius Prime
2018-02-21 Used 2015 LEAF SV Mfd 2014-07 In-service 2015-02-27
Date mi AHr SOH Hx QC L1/L2
2018-02-21 26,938 60.22 96.98% 90.73% 1 988
2018-07-01 31,601 58.05 93.48% 87.03% 11 1223
2018-10-01 35,428 55.63 89.58% 82.13% 16 1440

Posts: 97
Joined: Wed Feb 05, 2014 7:27 pm
Delivery Date: 05 Feb 2014

Re: Recent Rise in Prices

Tue Jan 02, 2018 6:17 pm

No wonder the prices are rating. Most of the Nissan Leaf owners I read about give their leafs 8-9 rating out of ten. The only reason they don't give 10/10 is because of the range. But that's improving and if you are a city driver your car has a great value.
Always do acts of kindness in this world.
TorqueNews Nissan

User avatar
Posts: 519
Joined: Thu Mar 26, 2015 10:02 am
Delivery Date: 15 Apr 2015
Location: Bountiful, UT

Re: Recent Rise in Prices

Wed Jan 03, 2018 8:58 am

The sales guy (knows his EVs and is the best shifter of new EV in the west outside of CA, WA and OR) in our nearest dealership tells me that lots of Nissan leafs are being exported to Norway. They are taking advantage of our used low prices and draining the supplies.
Statler: Wake up you old fool. You slept through the show.
Waldorf: Who's a fool? You watched it.

2015 Leaf S (leased until May 2018, Bought out in Jan 2017)
2012 Leaf SL (purchased May 2015)

Return to “Other Electric Cars & Plug-In Hybrids”