Used EV prices collapsing; OEM discounts, recalls and mass-market launches amplify pressure
Key Questions
How much have used EV prices dropped since 2022?
Used EV prices have dropped 35% since 2022, with projections of flooding the market under $25k by 2026. OEM discounts, recalls, and mass-market launches are amplifying this pressure.
What recall affected Mercedes G-Class EVs?
Mercedes recalled over 3,500 G580 EVs due to loose wheel bolts, requiring redesigned bolts. This impacts residuals and market confidence.
How are gas price spikes affecting used EV demand?
Gas prices spiked +12% in Q1 2026, boosting used EV sales as drivers flock to affordable options amid geopolitical tensions like Trump Iran threats. Used EV demand jumped across the US.
What is the price of MG4 EV in Australia?
The MG4 EV Urban is available drive-away for $31,990-$32k, contributing to collapsing used EV prices. It's positioned in the 230-300 mile sweet spot.
What factors are pressuring used EV residuals like VW ID.4?
VW ID.4 residuals are declining due to OEM discounts, recalls, and telemetry data on TCO from Kia/Hyundai/Geely. Track auctions, health, and policy for ongoing trends.
35% drop '22; '26 floods <$25k; gas spikes +12% Q1'26 sales; Mercedes G580 wheel recall 3.7k; VW ID.4 residuals; Tesla $34k; MG4 $32k Aus; Toyota bZ boom; Kia/Hyundai/Geely telem TCO; 230-300mi sweet spot. Track auctions/health/policy.