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00:02Used electric vehicle prices are rising as the Iran war and higher U.S. gas prices
00:07drive more buyers toward pre-owned EVs, according to CNBC.
00:12The company said its Mannheim Used Vehicle Value Index for EVs rose 12% in June from a year earlier,
00:19compared with a 1.7% increase for non-everse average wholesale EV prices
00:24climbed 11.5% this year to about $30,400, while non-EV prices increased less than 1% to
00:32$19,125.
00:35Used EV sales reached 42,923 in May, rising 5.5% from April and 24.7% from a
00:43year earlier,
00:44with Tesla leading sales.
00:46Cox said higher gas prices have boosted demand, but a wave of off-lease EVs expected later this
00:52year could pressure prices if fuel costs decline.
00:55Used EV demand and prices are rising, while many automakers reported sharp declines in
01:00new EV sales during the second quarter.
01:02For all things money, visit Benzinga.com.
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