Every part is getting costlier, and that features used vehicles. Costs spiked throughout the COVID-19 pandemic and solely began to fall final 12 months. Nonetheless, new knowledge signifies used automotive costs are undoubtedly starting to creep again up. The typical one- to five-year-old used car bought for $32,317 final month.
That’s up 2.0 p.c in comparison with Might 2024, or $630 on common, in accordance with the brand new iSeeCars report. Which may not seem to be a lot, however common used automotive costs elevated by 1.0 p.c and 1.8 p.c in March and April, respectively, indicating an upward pattern after a 12 months of regular decreases. The typical used automotive bought for $29,651 in December 2024.
Section | Ave. Might 2025 Value | $ Distinction YoY | % Distinction YoY |
Total Used Vehicles | $32,317 | $630 | 2.0% |
Vehicles | $39,880 | $633 | 1.7% |
SUVs | $32,880 | $1,354 | 4.3% |
Passenger Vehicles/Minivans | $27,292 | -$555 | -2.0% |
Hybrids | $30,702 | $538 | 1.8% |
EVs | $31,110 | -$2,993 | -8.8% |
Nonetheless, used electrical car costs are nonetheless struggling. They have been down 8.8 p.c final month in comparison with Might 2024, promoting for a median of $31,110, or $2,993 lower than earlier than.
That’s a drastic distinction in comparison with the general used section, however an enchancment in comparison with the almost 30 p.c worth drop that used EVs skilled final June. Regardless of that, used EV costs have been above $31,000 since January, in accordance with iSeeCars’ knowledge, up from a current low of $27,345 six months in the past.
Tesla Value Wrestle
Main the automobiles with the most important year-over-year worth drops are a pair of Teslas—the Mannequin S and Mannequin Y. They skilled worth drops of 16.0 p.c and 14.2 p.c, respectively, promoting for a median of $45,503 and $29,786 in Might. The Mannequin X and Mannequin 3 additionally made the highest ten, with Tesla accounting for 4 of the 5 EVs on the checklist. One other EV is the Porsche Taycan, with costs down 12.7 p.c final month.
Massive Value Jumps
With used automotive costs spiking, some fashions noticed greater will increase in comparison with others final month. Costs for the BMW 4 Collection have been up almost 20 p.c in Might, with examples promoting for $6,649 greater than they did in Might 2024. Infiniti QX60 costs additionally elevated by 16.5 p.c. Porsche 718 Boxster costs elevated by 15.7 p.c, whereas Cayman costs jumped by 15.7 p.c.
Used Chevrolet Trax costs additionally rose. They’re up 15.5 p.c, with consumers paying round $2,600 greater than a 12 months in the past. That is seemingly a results of elevated demand for reasonable, reasonably priced automobiles, a pattern that’s showing throughout the business whilst costs proceed to rise.