this post was submitted on 11 Feb 2026
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Electric Vehicles

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Hyundai IONIQ 6 SEL Drops to 1/3rd of MSRP, or $13,995, After 2 Years (fuelarc.com)
submitted 1 week ago by KayLeadfoot@fedia.io to c/electricvehicles@slrpnk.net
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Brutal depreciation... but also a really great market for used EV buyers.

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[–] KayLeadfoot@fedia.io 1 points 1 week ago

Pretty sure you're joking, but I am who I am, so I got to do the math.

Here, Edmunds has a really crisp infographic. By the Edmunds used car depreciation percentages, this Hyundai should be worth about ~65% of what it originally sold for, but instead it is being sold for half as much: https://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html

Seems weird, right? My working theory is that EVs are being overvalued by the manufacturers with inflated MSRPs, and that the used market sort of reveals fair-market value in an unexpected way.