Toyota, Ford and Honda high the record of most traded-in manufacturers when shopping for used EVs, with the gas-powered Ford F-150 pickup and Honda Accord main the best way as probably the most traded-in autos, in response to on-line used automotive retailer CarMax. Final 12 months, the Toyota Tacoma was probably the most traded-in automobile for a used EV on the platform.
The Honda Civic is now second, adopted by the Toyota Prius. CarMax says in its Spring 2023 Electrical Car Shopper Report that most individuals who traded in a combustion automotive went for a used Tesla Mannequin 3, with the Tesla Mannequin Y and Nissan Leaf not too far behind by way of choice.
Out with the F-150s and Accords, in with the used electrical Teslas
The Tesla Mannequin 3 remains to be the most well-liked used EV listed on CarMax, however the combustion autos which can be traded in have modified since final 12 months. Now, the most well-liked trade-ins are the Ford F-150 and the Honda Accord, whereas final 12 months had the Toyota Tacoma and Honda Civic on the tops spots.
In different phrases, the leaderboard for the three hottest used EVs offered by CarMax is unchanged for the reason that firm’s 2023 report, however their common value has gone down between $3,000 and $5,000 since final 12 months.
In line with the web retailer, the typical value of a used Tesla Mannequin 3 was $34,045 throughout the reporting interval. The Tesla Mannequin Y got here in at a median value of $43,896, whereas the Nissan Leaf had a median value of $18,465. The most costly automotive on the highest ten record is the Tesla Mannequin S, with a median promoting value of $45,574.
The highest ten record of the most well-liked used EVs additionally some newcomers on this newest report. The Volkswagen ID.4, Audi e-tron, Chevrolet Bolt EUV and Hyundai Ioniq 5 are in, whereas the Tesla Mannequin X, BMW i3 and Jaguar I-Tempo are out of the image.
Hottest used EVs on CarMax between September 2023 and February 2024
On the subject of probably the most traded-in manufacturers, Toyota continues to be the most well-liked title, with the Prius being the corporate’s most traded-in mannequin on CarMax. Ford is in second place, adopted by Honda, Chevrolet, Jeep, Nissan, BMW, Hyundai, Lexus and Mercedes-Benz.
By way of physique sort, SUVs rule the CarMax chart. Sedans are second and hatchbacks are third, adopted by coupes, vans, pickups, convertibles and wagons. Within the earlier CarMax report, BMW was in second place and Tesla was eighth.
The web automotive gross sales platform stated in its most up-to-date report that month-to-month EV searches went up 177% since January 2021, with the newest spike for the time period “Electrical” registered in February 2022.