{"id":965,"date":"2026-07-08T16:41:44","date_gmt":"2026-07-08T16:41:44","guid":{"rendered":"https:\/\/interstatemovingexpertss.com\/?p=965"},"modified":"2026-07-08T16:41:44","modified_gmt":"2026-07-08T16:41:44","slug":"used-evs-keep-getting-more-expensive-amid-iran-war-high-gas-prices","status":"publish","type":"post","link":"https:\/\/interstatemovingexpertss.com\/?p=965","title":{"rendered":"Used EVs keep getting more expensive amid Iran war, high gas prices"},"content":{"rendered":"<div><div><p>DETROIT \u2014 The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive.<\/p><p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=962\">Trump loses latest appeals court bid to restore his name to Kennedy Center<\/a><\/p><p>The company on Wednesday reported that its Manheim Used Vehicle Value Index for EVs \u2014 which tracks prices of used vehicles sold at its U.S. wholesale auctions \u2014\u00a0increased 12% last month compared with June 2025. That compares with a 1.7% increase for non-EVs over the same period.<\/p><p>Wholesale EV prices have increased every month this year, leading to an 11.5% jump in average pricing to roughly $30,400, according to Manheim. Non-EVs, meanwhile, have seen a less than 1% increase this year in average pricing, to $19,125, Manheim said.<\/p><p>The average used EV listing price as of May was $37,083, according to Cox&#8217;s Kelley Blue Book. Retail prices for consumers traditionally follow changes in wholesale prices.<\/p><p>&#8220;EVs continue to show strong performance, while prices for SUVs and Pickups falter compared to this time last year,&#8221; Manheim said in a release.<\/p><p>Cox reports used EV sales to consumers reached 42,923 units in May, up 5.5% month over month and 24.7% year over year, with used EV market share holding at 2.8%. <span>Tesla<span><span><button><\/button><\/span><\/span><\/span> models are estimated to have led with 15,353 units sold, followed by sales of Hyundai, Chevrolet, Ford and BMW all-electric vehicles.<\/p><\/div><div><div><div><div><div>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"UBS\u2019 Evan Brown: We wouldn't rule out rate hikes regardless of what happens with oil prices\" class=\"wp-image-964\" height=\"422\" src=\"https:\/\/interstatemovingexpertss.com\/wp-content\/uploads\/2026\/07\/18878acfde9da8fa9c527c410c4ca1cb.jpg\" width=\"750\" srcset=\"https:\/\/interstatemovingexpertss.com\/wp-content\/uploads\/2026\/07\/18878acfde9da8fa9c527c410c4ca1cb.jpg 750w, https:\/\/interstatemovingexpertss.com\/wp-content\/uploads\/2026\/07\/18878acfde9da8fa9c527c410c4ca1cb-300x169.jpg 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<span><div><div><span>watch now<\/span><\/div><\/div><\/span><\/div><div><div><span>VIDEO<\/span><span>4:06<\/span><span>04:06<\/span><\/div><div>UBS\u2019 Evan Brown: We wouldn&#8217;t rule out rate hikes regardless of what happens with oil prices<\/div><div>Squawk Box<\/div><\/div><\/div><\/div><\/div><\/div><div><p>Jonathan Gregory, senior director of Cox Automotive, said gas prices are expected to continue to determine whether vehicle costs will rise amid an expected influx of off-lease EVs coming later this year.<\/p><p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=960\">Delta launches \u2018basic business\u2019 fares without lounge access, seat selection<\/a><\/p><p>A growing number of used EVs are expected to the market through the end of the year after automakers bumped up their sales of all-electric vehicles with leasing offers three years ago.<\/p><p>&#8220;The risk we&#8217;re watching for the second half is that steep ramp in off-lease supply, EVs especially, which could pressure specific segments even as the headline holds firm. Gas is the swing factor: If pump prices keep falling, some of that EV demand could fade as availability increases,&#8221; Gregory said.<\/p><p>AAA reports the national average for gas prices is up roughly 21% from a year ago, to a national average of $3.80 a gallon. Those prices have come down from recent highs, but escalating combat in Iran caused oil prices to jump Wednesday.<\/p><p>The increased demand and rise in the price of used EV are contrary to those for new all-electric vehicles. Many automakers reported that they saw sharp sales declines for new EVs during the second quarter.<\/p><p>Aside from automakers pulling back billions of dollars for new EVs, the year-over-year comparison is difficult. EV demand began to spike last year during the second quarter ahead of expectations that the Trump administration would end up to $7,500 in incentives for consumers to purchase an EV. <\/p><p>The incentives ended in September, and EV sales spiked to roughly 10% of all vehicles sold that month before plummeting later in the year.<\/p><p>Read more <a href=\"https:\/\/interstatemovingexpertss.com\/?p=958\">Kentucky Gov. Beshear presses McConnell to provide health update as speculation grows<\/a><\/p><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The Manheim Used Vehicle Value Index for EVs \u2014 which tracks prices of used vehicles sold at its U.S. wholesale auctions \u2014\u00a0increased 12% compared to June 2025.<\/p>\n","protected":false},"author":1,"featured_media":963,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-autos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Used EVs keep getting more expensive amid Iran war, high gas prices - Interstate Moving Experts<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/interstatemovingexpertss.com\/?p=965\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Used EVs keep getting more expensive amid Iran war, high gas prices - 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