Some Used Electric Cars Are Appreciating In Value

Cars like the Renault Zoe and BMW i3 are rising in value.

Right now isn’t a good time for used car prices – unless we’re talking about electric cars, which are currently bucking the industry trend by appreciating in value.

CarGurus analyzes data on hundreds of thousands of used cars each day to calculate each one’s instant market value. It examined the prices of the four most searched electric cars online since 2017 – the BMW i3, Nissan Leaf, Renault Zoe, and Tesla Model S. Its data showed that the value of each car either remained steady or gained in value over several months. the EVs out-performed the most searched for petrol and diesel cars.

The Renault Zoe was a car that performed particularly well, with its average value between January 2017 and November 2019 increased by 18 percent, from £6,425 to £7,612. To compare, the most popular petrol and diesel car, the Ford Fiesta, dropped in value by 22 percent (from £9,165 to £7,160) over the same period.