Used luxury EV prices plunge as buyers prioritize value
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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.
Source: MSN The copyright of this article belongs to the original author/organization.
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