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Tesla Model 3 Leads Ongoing Plunge in Used Electric Vehicle Prices

KHON2
Summary
Nutrition label

79% Informative

iSeeCars study analyzed 1.6 million 1- to 5-year-old used cars sold in August 2023 and 2024 .

Used EVs prices have fallen four times faster than hybrids and six times faster.

While used EV prices continue to fall, used hybrid and gasoline cars are showing remarkable stability.

All three vehicle types are selling faster today than they did a year ago .

iSeeCars.com analyzed over 1.6 million 1- to 5-year-old used cars sold in August 2023 and 2024 .

Porsche Cayman leads the list with a 21 percent , $ 17,532 increase in value in the past year .

Other hot used cars include Volvo S90 , Chevrolet Camaro , BMW 2 Series, and Mitsubishi Outlander PHEV.

VR Score

78

Informative language

76

Neutral language

33

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links