The Auto Authorities Podcast

EV Used Car Price Plunge: How Falling Values Spell Trouble for EV Owners

November 21, 2023 The Auto Authorities Production Team
The Auto Authorities Podcast
EV Used Car Price Plunge: How Falling Values Spell Trouble for EV Owners
Show Notes

Attention, used car owners: brace for impact as the value of your vehicle nosedives. Cheaper EVs are flooding the market, causing demand for gas guzzlers to plummet and resale prices to plummet further. Rising interest rates mean you likely owe more on your car loan than your vehicle is worth. You're trapped, stuck with a depreciating asset. Will you trade it in for a loss or continue driving a money pit? Tune in to The Auto Authorities podcast with expert hosts Jay Grosman and Gerald Bentley, who discuss the sharp decline in used car prices and its impact on your finances.