Carvana Sees Used EV Sales Climb 21%, Premium Over Gas Cars Narrows
US used EV sales rose 21% to 31,503 units in January and reached 378,140 in 2025, up 35%, as rapid battery advances accelerate depreciation. Carvana says falling resale prices narrowed the used-EV premium over gasoline cars to $1,376 in January from $2,591 in December, boosting affordable EV inventory.
1. Surge in Used EV Sales
US pre-owned EV volumes climbed sharply as January sales reached 31,503 units, marking a 21% year-over-year increase, and 2025 totals hit 378,140 vehicles, up 35%. Rapid improvements in battery range, software updates and broader charging networks have driven accelerated depreciation, aligning used EV costs closer to gasoline models.
2. Carvana’s Pre-Owned EV Pricing Strategy
Carvana reports that falling resale values reduced the price premium for used EVs over comparable gasoline cars to $1,376 in January from $2,591 in December. Management highlights this normalization of EV pricing as key to expanding its affordable inventory and widening its buyer base.
3. Inventory Growth and Future Outlook
As more EVs exit leases and trade-ins increase, Carvana anticipates further inventory growth in its pre-owned EV segment. Leasing trends, which shield consumers from steep depreciation, combined with advancing technology, are expected to sustain pricing pressure and support broader market adoption.