Trade In Values?

[chargeme]

Curious where you think the used market for Hummer EVs will stabilize in the next few months? A recent post on FB mentioned a 2024 Hummer EV 2X with 14,891 miles getting an offer of $72,700.

 

[El Chorizo]

I think there are so many new ones on lots with discounts. I think the trade-in values will keep dropping.

 

[super8]

One of the biggest factors preventing me from buying has been the depreciation. While I know all vehicles lose value, it’s tough to imagine losing $20,000 to $30,000 in just one year

 

[roadking]

20% the first year is quite normal on all vehicles. The bigger issue is what will they be worth in five years.

 

[Dragoon]

That's a pretty low offer! Especially since that was at least $100k MSRP.

 

[super8]

I have a feeling that in 2-3 years, when the leases run out, there will be a huge influx of used ones for sale.