- Searches for electric vehicles at CarMax have increased 177 percent in the last three years.
- The Tesla Model 3 and Model Y are the most popular used electric vehicles among buyers.
- The most popular trade-in vehicles are the Ford F-150 and the Honda Accord.
Sales of new electric vehicles have increased in recent years, resulting in more electric vehicles becoming available on the used market. Used car retail giant CarMax reports that searches for electric vehicles on its website increased 177 percent between 2021 and 2024.
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Considering what buyers are actually buying, it won’t surprise you that Tesla is well represented at the top of the used electric vehicle sales charts. The Tesla Model 3 is CarMax’s most popular used electric vehicle in 2024, and the Model Y was the second most popular.
Read: Global electric vehicle sales will break records in 2024 despite sluggish demand, energy experts say
However, it wasn’t all good news for the American automaker. The model
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Due to the greater variety of electric vehicles coming to market, the Nissan Leaf was the retailer’s third most popular used electric vehicle, the VW ID.4 was the fourth best-selling model, and the Ford Mustang Mach-E rounded out the top five.
Top 10 Best Selling Used Electric Vehicles, 2024
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Average selling prices for used electric vehicles are falling, suggesting consumers are looking for a good deal. In 2023, the average price range for battery-powered vehicles at CarMax was $22,000 to $72,000. In 2024, the average price is $22,000 to $46,000.
What’s fascinating about the retailer’s data is that it also includes information about which vehicles are being traded in for electric vehicles. The Ford F-150 and Honda Accord share the top spot as the most traded vehicle for a used electric vehicle.
By vehicle type, most buyers avoid SUVs (39 percent) or sedans (31 percent) when purchasing an electric vehicle. By brand type, Toyota, Ford and Honda drivers are the most likely to abandon their vehicles.
By state, California leads the used market. It is followed by its neighbors on the west coast, Oregon and Washington. Nevadans are the fourth most interested in purchasing a used electric vehicle, and Idaho buyers are the fifth most interested in electric vehicles.
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