Rising gas prices and pressure on car affordability are driving more shoppers to consider used electric vehicles. With demand growing faster than supply, some used EVs are spending far less time on dealer lots than the industry benchmark for new cars.
Data reported by Automotive News and Cox Automotive show that new vehicles spent an average of 82 days in inventory in October, compared with an industry target of 75 days. The Audi Q4 Sportback e-tron Quattro, which has an EPA-estimated range of 258 miles, averaged just 29.8 days on the lot.
A recent iSeeCars pricing study found that the Toyota bZ4X, Lexus RZ 300e, Honda Prologue and Polestar 2 each averaged 35 days or fewer. The BMW i4, BMW iX, Kia EV6 and Chevrolet Equinox EV were close behind, taking only a day or two longer on average.
Karl Brauer, iSeeCars executive analyst, said electric vehicles were seeing faster increases in average asking prices while spending less time waiting for buyers. The study found that EV transaction prices rose 9.8% last month, compared with a 0.3% increase for gasoline-powered vehicles. Hybrids showed more moderate gains in price and sales speed, while gasoline-powered vehicles took longer to sell despite relatively stable prices.
Used EVs averaged $32,533 in September 2026, up $2,896 from the $29,637 average recorded a year earlier.
Sources: Electrek.