Yahoo Autos Most and Least Expensive Cities to Buy Electric Cars
Although they have fallen in recent months, used car prices are still significantly higher than they were a year ago as a result of the ongoing microchip shortage. Meanwhile, gas prices are at record highs to heighten the demand for electric vehicles.
Due to regional used car price variations, budget-minded used car shoppers who are willing to travel can increase their chances of finding a discount on electric cars. “When looking at the available used electric cars, used car prices can vary by as much as $41,913 between cities,” said iSeeCars Executive Analyst Karl Brauer. “In today’s market, deals on used electric cars are difficult to find, and even after purchasing a plane ticket or taking a road trip, consumers may find that traveling to buy a used electric car could be worth it for significant savings.”
As part of its recent Most and Least Expensive Cities to Buy a Used Car study, iSeeCars analyzed the used car prices of electric vehicles to determine the cities where they are the most and least expensive.
Most and Least Expensive Cities to Buy Used Electric Cars
When examining local prices of used electric cars, the vehicle with the largest price disparities had at least a 38.8 percent price difference between the cheapest and most expensive cities.
Cheapest and Most Expensive Cities to Buy Electric Cars in the U.S. - iSeeCars Study | |||||
Rank | Vehicle | Cheapest City to Buy the Car | Most Expensive City to Buy the Car | % Savings | $ Savings |
1 | Norfolk-Portsmouth-Newport News, VA | St. Louis, MO | 38.8% | $37,247 | |
2 | Spokane, WA | Knoxville, TN | 38.6% | $11,171 | |
3 | Green Bay-Appleton, WI | Seattle-Tacoma, WA | 35.3% | $11,031 | |
4 | Mobile, AL-Pensacola, FL | San Antonio, TX | 29.7% | $31,258 | |
5 | Milwaukee, WI | Denver, CO | 29.4% | $11,861 | |
6 | Salt Lake City, UT | Medford-Klamath Falls, OR | 28.5% | $26,260 | |
7 | Indianapolis, IN | Medford-Klamath Falls, OR | 26.2% | $41,913 | |
8 | Shreveport, LA | Sioux Falls(Mitchell), SD | 21.1% | $12,066 | |
9 | Albany-Schenectady-Troy, NY | Denver, CO | 18.6% | $12,114 | |
10 | Atlanta, GA | Philadelphia, PA | 16.8% | $11,059 | |
11 | Columbia, SC | Medford-Klamath Falls, OR | 15.9% | $11,741 | |
12 | Philadelphia, PA | Charlotte, NC | 15.4% | $6,082 | |
13 | Columbus, OH | Ft. Myers-Naples, FL | 14.9% | $10,947 | |
14 | Madison, WI | Charlotte, NC | 14.6% | $7,400 | |
15 | Phoenix, AZ | Boston, MA-Manchester, NH | 7.0% | $4,170 | |
The Tesla Model S is the vehicle that has the greatest price disparity between the most expensive and least expensive cities. “The average used price of a Tesla Model S is 38.8 percent or $37,247 less in the Norfolk, VA metropolitan area than it does in Saint Louis, MO,” said Brauer. “Contributing factors for the price disparity could include inventory levels and trim distribution, but it shows that the Model S used car prices vary widely among cities.”
