Used electric vehicle prices rise 12% year over year, Manheim data shows

The Manheim Used Vehicle Value Index for electric vehicles (EVs) rose 12 % in July 2025, according to the company’s latest data release. The index, which tracks the average prices of used EVs sold at Manheim’s U.S. wholesale auctions, reflects a continued upward trend in the secondary market for electric cars.

Manheim’s report notes that the increase follows a steady climb in EV demand, driven by expanding charging infrastructure and a growing consumer shift toward lower‑emission vehicles. The index now sits at 1,280 points, up from 1,140 points in June, and signals that used EVs are fetching higher prices than in the same period last year. The data suggest that the market for pre‑owned electric cars is maturing, with dealers and auction houses reporting stronger sales volumes and higher transaction values.

Industry analysts view the 12 % jump as evidence of a robust rebound for the EV used‑car segment, which had seen a slowdown during the pandemic years. As more consumers upgrade to newer models, the secondary market is expected to continue its upward trajectory, potentially reshaping the landscape of automotive resale and influencing future pricing strategies for both new and used electric vehicles.