Electric Cars Lose More Trade-In Value Than Gasoline Cars

Posted by Milton Recht:

From TIME, Business & Money, "Let’s Hope You’re Not Trying to Sell an Electric Car Anytime Soon" by Brad Tuttle:

According to a new report from the National Automobile Dealers Association (NADA), plug-in electric vehicles such as the Chevy Volt and Nissan Leaf depreciate in value at a rate much higher than traditional gas-powered cars, as well as hybrids like the Toyota Prius. NADA trade-in data show that in April 2013, a 2012 Honda Civic retained 73% of its value compared to the original manufacturer’s suggested retail price (MSRP), while a 2012 Prius retained 66% of its value. The 2012 version of the Volt and Leaf, meanwhile, retained just 58% and 51%, respectively, of their value.