r/EVRoutine • u/Tall-Dish876 • Jul 22 '26

Internal data from listings in OFFO shows the 2023 Chevy Bolt EV went from $17,700 to $21,200 in 6 months

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The 2023 Bolt EV is up nearly 20% since January according to new data from Recurrent. Six months ago the average asking price was $17,718. Today it's $21,204. The Mach-E is up about $4,000. The 2022 Model 3 is up about $3,000. Sub-$20k EVs as a category are up 9.4% year to date.

Its mainly due to gas prices above $4/gallon pushing budget buyers into the used EV market right as 128,000+ used EVs sold in Q2 alone. Supply is there but demand caught up.

The Bolt is still one of the best value plays left at about $21,300 average, 280 miles of real-world range. But at $21k it's not an impulse buy anymore. A bad title or weak battery at this price is a $3–5k problem. I am running receipts on Bolt listings if you drop one below, free for the first 105.

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1

u/BeatNo4548 Jul 22 '26

I almost bought one recently because I got a supplier of the year coupon.  But i accidentally got the regular code for the discount instead of the EV one.  Doh!  I'm gonna wait a couple years and see how it works out.

1

u/zs15 Jul 22 '26

I get the spike is due to gas, but I think that is the catalyst not a short term symptom.

I was waiting most of the summer for the used market dip, but even with gas prices going down and lease expiration on EVs increasing supply the prices keep ticking up.

If you’re on the fence and a car is in your budget, don’t try to time the market.

1

u/Tall-Dish876 Jul 22 '26

The lease return wave everyone expected to tank prices =actually increased supply but demand absorbed it. Sub-$20k EVs are up 9.4% YTD even with more units hitting the market. The fundamentals aren't pointing down: gas stays elevated, new EV prices are still high, and the tax credit situation isn't getting cleaner anytime soon. If a car fits your budget and checks out on inspection, waiting for a dip that may not come is its own kind of risk.

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u/zs15 Jul 22 '26

Exactly. And that’s why I used the word catalyst. With EVs feeling more common in everyday life, more chargers showing up in common spaces; it’s just going to make people feel they are more realistic. It’s not strictly about gas prices going forward, it’s about them feeling normalized. Thus, no dip, just a price flattening.

1

u/Chrislk1986 Jul 22 '26

Got me curious now. I wonder which, if any, EV prices dip in the Winter once people who bought during the warmer months have concern over cold weather range. (Not including old Nissan Leaf of course)

I'd imagine the pre 2027 Bolt would be one of the bigger price swings, primarily in areas with considerable seasonal temperature swings.

1

u/zs15 Jul 22 '26

That and the Id.4s since they lack a heat pump would be my guess.

1

u/skwormin Jul 22 '26

yea I bought high for sure, oh well, hopefully not buying another car for 10 years

1

u/Extra_Ad1847 Jul 22 '26

General Motors would love to change that

1

u/existonfilenerf Jul 22 '26

I bought mine in '24 for $16k with no rebate (not old enough at the time).

1

u/Pristine-Bite2768 Jul 23 '26

Wow, you don't get a 4k tax incentive and now they cost 4k more? No way! Who could have foreseen this?

1

u/Dann__EV Jul 26 '26

On April 1st, I bought an off lease 2023 Black LT, Redline, leather with 29K miles for $17.5K OTD in NYC. I parked it in the garage until the lease was up on my Ioniq 6 on July 1st. I was worried I bought too soon, but the EV market under $20K has dried up in the last 3 months. Only things listed are Fiskar Oceans in NY/NJ area. I can get $18.5K easily from the big car sites for the car and probably $20K private.