Since July, used gasoline cars have lost 4.6% of their asking price on a like-for-like basis. Used electric cars have lost 1.8%. After the steep falls in used EV prices in 2023 and 2024, electric cars held their value better this autumn than any other kind of car.
| Fuel type | Price change, July to mid-October |
|---|---|
| Electric | -1.8% |
| Hybrid | -3.7% |
| Diesel | -4.4% |
| Gasoline | -4.6% |
That held even as more of them came onto the market. Electric cars went from 1.10% of listings in July to 1.36% in October, and hybrids from 2.2% to 2.7%. Prices held up while supply grew, which points to real demand rather than a shortage.
The comparison uses the same method as our market-wide index: identical model, model year, mileage band, state and type of seller, tracked month by month.
Tesla held, the Leaf didn't
| Model | Change, July to mid-October |
|---|---|
| Tesla Model 3 | +2.1% |
| Tesla Model Y | -1.0% |
| Tesla Model S | -3.6% |
| Nissan Leaf | -13.4% |
The Model 3 rose slightly, one of very few used models anywhere in the market to do so. The Model Y was close to flat. Teslas still sit at the expensive end of the used EV market, and as we found when we looked for the cheapest used Tesla, their prices have a floor that other brands don't.
The Nissan Leaf went the other way: down 13.4% in three and a half months, falling every month. Older Leafs have small batteries without active cooling, so range fades with age. They also use the CHAdeMO fast-charging plug, which fewer new chargers support each year. Buyers can now find Teslas and Chevrolet Bolts with far more range at prices not much higher.
What it means
For buyers, the used EV market is no longer in free fall, and waiting for a further collapse is a weaker bet than it was a year or two ago. The exception is old, short-range EVs, where prices are still falling quickly. A cheap old Leaf can still make sense as a second car for local driving, as long as you check the battery's health and know its real range.
For sellers, an EV is one of the few cars with no urgency to sell before winter. A gasoline car is losing about 1.3% a month. Check what yours is worth with our value estimator, which uses the same listings.
Frequently asked questions
Are used electric car prices still falling?
Much more slowly than other cars. From July to mid-October 2026, like-for-like used EV prices fell 1.8%, against 4.6% for gasoline cars and 3.7% for hybrids, even though EVs' share of listings rose from 1.10% to 1.36%.
Are used Tesla prices going up?
The Model 3 rose 2.1% between July and mid-October 2026 on a like-for-like basis, and the Model Y was close to flat (-1.0%). The Model S fell 3.6%.
Why are used Nissan Leaf prices falling?
Leaf prices fell 13.4% from July to mid-October 2026. Older Leafs have small batteries without active cooling, so range fades with age, they use the CHAdeMO fast-charging plug, which fewer new chargers support, and they compete with longer-range used EVs at similar prices.
Denis Kataev is a serial solopreneur and the founder of ForCar. With 15+ years in software engineering and 10 years in SEO, he builds data-driven products end to end — backed by a sharp eye for design. At ForCar he mines proprietary vehicle datasets, turning raw numbers into buying advice you can actually trust.
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