---
title: "Used luxury EV prices plunge as buyers prioritize value"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286305056.md"
description: "Used luxury electric vehicle (EV) prices are significantly dropping, with pre-owned Rivian R1Ts starting at around $40,000 and Genesis Electrified GV70s at $29,000, both well below their original prices. In the U.S., 75% of car buyers prefer used vehicles with more features over new base models, prioritizing affordability. Similarly, the UK saw a 32% increase in used EV sales in early 2026, despite a slowdown in the overall second-hand market for the first time in over two years."
datetime: "2026-05-13T19:03:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286305056.md)
  - [en](https://longbridge.com/en/news/286305056.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286305056.md)
---

# Used luxury EV prices plunge as buyers prioritize value

Luxury EV bargains: Pre-owned Rivian R1Ts now start around $40,000 and Genesis Electrified GV70s from $29,000, both far below their original sticker prices. Affordability drives demand: Three-quarters of U.S. car buyers prefer used vehicles with more features over new base models, with price as the top buying factor. UK market parallels: Used EV sales in the UK rose 32% in early 2026, even as the overall second-hand market slowed for the first time in over two years.

### Related Stocks

- [RIVN.US](https://longbridge.com/en/quote/RIVN.US.md)
- [DRIV.US](https://longbridge.com/en/quote/DRIV.US.md)
- [RVNL.US](https://longbridge.com/en/quote/RVNL.US.md)

## Related News & Research

- [Analysts think this $13 EV stock could outpace Tesla in 2026](https://longbridge.com/en/news/286903990.md)
- [Chinese car dealerships take over Britain as drivers back cheap EVs](https://longbridge.com/en/news/286916331.md)
- [Rivian Stock Down 31% In 2026: R2 Launch Catalyst Nears With This Latest News](https://longbridge.com/en/news/286796566.md)
- [ICCT analysis maps global distribution of EV sales](https://longbridge.com/en/news/286786825.md)
- [RJ Scaringe has raised more than $12 billion across three startups and investors still want more](https://longbridge.com/en/news/286611725.md)