Used EV sales hit record 3.3% of US secondhand market as lease returns and fuel costs drive demand
By Eve
Used electric vehicle sales reached a record 3.3% of total used vehicle sales in the US last month, up from 2.9% in August, according to Cox Automotive. The surge follows a wave of off-lease EVs returning to market and rising petrol prices, with models including the Hyundai IONIQ 5 and Ford Mustang Mach-E now available for under $25,000. Tesla leads used EV brands, followed by Ford, Chevrolet, Hyundai and BMW, while the Nissan Ariya posted the strongest month-on-month growth at 42.5% in September.
Why it matters
A growing secondhand EV market at accessible price points could accelerate fleet electrification and expand the addressable customer base for charge point operators, particularly in workplace and destination charging segments. The shift also signals maturing residual values and lease cycles that may influence future fleet procurement strategies.
Source
- Original title
- “Used EVs are suddenly hot sellers — Here are the top SUVs for under $25,000”
- Published
- 28 October 2026
- Updated
- 29 October 2026
In this story
- Topic
- Electric Vehicles
- Place
- United States
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