Used Hybrid And EV Prices Have Jumped $3,600 Even After The Tax Credit Died

It isn’t only new cars staying stubbornly expensive across the United States. Fresh data shows that average used vehicle prices around the country have also climbed this year, even as some of that upward momentum eased through June. Buyers hoping the used market would offer relief have watched it move in the wrong direction for months, and the latest numbers do little to change that picture.

A Carfax study shows that since the start of this year, average prices for used sedans, hatchbacks, and wagons have climbed by more than $1,350. Other corners of the market have seen bigger jumps. Used pickup trucks, luxury cars, and SUVs each rose by around $1,500 on average through the first six months of the year.

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In addition, average prices for used vans and minivans are up by more than $2,000, while used luxury SUVs have gained nearly $2,800 this year, or about 4.9 percent. Luxury cars moved harder still, up 12.6 percent for the year despite holding flat through May.

Every Segment Climbed in June

Carfax says prices still rose across every major vehicle segment in June, though the gains varied widely. Used luxury cars saw the smallest monthly bump at about $10, while SUVs added nearly $200. Used cars, luxury SUVs, and vans and minivans each climbed roughly $350, pickup trucks more than $400, and hybrids and EVs posted the largest jump at more than $850.

Rising gas prices tied to the war in Iran have driven strong demand for used hybrids and EVs, and prices have surged as a result. Carfax reports they are up, on average, by more than $3,600, or 11.9 percent. That is obviously good news for anyone selling one, though it means shoppers hunting for a used hybrid or EV may have to stretch their budgets.

Carfax had expected interest to cool once the federal used clean vehicle credit expired on September 30, 2025, which had knocked up to $4,000 off qualifying used EVs priced at $25,000 or less. Instead, the jump at the pump reignited it.

Overall used car prices across Carfax increased by roughly 1.3 percent in June, below the 3 percent hike reported in May. That worked out to an average gain of just over $350 for the month, compared with nearly $900 in May.

Where You Live Changes The Math

Price changes vary widely depending on the region. For example, in the Mid-Atlantic, used hybrids and EVs were up by an average of over $1,400 across June, compared with around $950 in the Midwest. Similarly, while average used van and minivan prices in the Midwest rose by roughly $200 in June, they fell by roughly $450 in the Plains.

Elsewhere, used luxury cars climbed by more than $1,200 in the Northeast but fell by roughly $900 in the West, the largest regional decline of any segment. In the South, used pickup trucks rose by more than $1,200 on average.

Used Car Price Increases