(iSeeCars) - Unfortunately for any used car shoppers waiting for prices to drop, there’s little reason to believe they will. Used car prices have largely stabilized, dropping less than 6% most months over the past year, and less than 1.5% over the past five months.  “The average price of 1- to 5-year-old used cars has shifted less than $1,000 over the past year,” said iSeeCars Executive Analyst Karl Brauer. “There’s no indication prices will drop from their current levels throughout 2025 and, with tariffs looming, the price of both new and used cars could potentially rise.” But used electric vehicles continue to lose value even as gasoline and hybrid models hold steady. Used electric vehicle prices have fallen between 15% and 20% each month over the last six months. This puts the average 1- to 5-year-old used EV price at $32,198, or $917 above the price of the average gasoline vehicle at $31,281, according to the latest iSeeCars study that analyzed over 1.9 million used cars sold in February 2024 and February 2025 to identify used car pricing trends. Used Car Pricing Increased in Recent Months The average price of 1- to 5-year-old used cars dropped as low as $29,651 in December 2024, then bumped back up above $31,000 this January and February. Market data from Lease End shows an increasing number of people buying out their leased vehicles at the end of the lease term, limiting the supply of used vehicles. Year-over-Year Change in 1- to 5-Year-Old Used Car Prices - iSeeCars StudyMonthAvg. Price$ Difference Year-over-Year% Difference Year-over-YearFebruary 2025$31,257-$239-0.8%January 2025$31,731-$250-0.8%December 2024$29,651-$365-1.2%November 2024$29,934-$431-1.4%October 2024$30,914-$288-0.9%September 2024$30,572-$849-2.7%August 2024$30,228-$1,509-4.8%July 2024$30,420-$2,064-6.4%June 2024$30,673-$2,406-7.3%May 2024$31,368-$2,184-6.5%April 2024$31,341-$1,865-5.6%March 2024$30,995-$1,504-4.6% “Without a major shift in either supply or demand, pricing for used cars will remain around $30,000 for the foreseeable future,” said Brauer. “A drop in interest rates might increase demand for used vehicles, but a downward shift in consumer confidence will reduce it, and both elements could play a part in used car pricing this year.”  Tesla Leads Drop in Used Car Values When ranked by brand, Tesla’s used models lost 13.6% in value on average over the past year, more than any other nameplate. Tesla’s new vehicle price drops, aging product line, and stalling demand in new and used EVs are likely contributors. Maserati was second at 10.6%, followed by Chrysler at 7.6%, Chevrolet at 6.5% and Genesis at 4.8%. Top 10 Brands With the Largest Price Drops, February 2025 - iSeeCars StudyRankBrandAvg. Price February 2025$ Difference Year-over-Year% Difference Year-over-Year1Tesla$31,733-$5,013-13.6%2Maserati$43,992-$5,208-10.6%3Chrysler$24,987-$2,058-7.6%4Chevrolet$30,409-$2,126-6.5%5Genesis$34,210-$1,736-4.8%6Buick$26,219-$1,300-4.7%7Porsche$79,442-$3,713-4.5%8Dodge$33,473-$1,346-3.9%9Mitsubishi$19,016-$553-2.8%10Audi$35,661-$818-2.2%Overall Average$31,257-$239-0.8% “Several mainstream and premium brands had big used car price drops over the past year, in terms of percentage,” said Brauer. “But only Tesla and Maserati lost more than $5,000 in dollar value.” Electric Vehicle Pricing Slowly Stabilizing Used electric vehicle pricing was dropping around 30% every month in the first half of 2024, but over the past six months it’s been down between 15% and 20%. Those are still much bigger drops than gasoline and hybrid models’ pricing are experiencing, making EVs a potential bargain for used car shoppers who can satisfy their mobility needs with an electric vehicle.  Change in 1- to 5-Year-Old Used Car Prices by Drivetrain, February 2025 vs. 2024 - iSeeCars StudyDrivetrainAvg. Price February 2025$ Difference Year-over-Year% Difference Year-over-YearEV$32,198-$5,709-15.1%Hybrid$29,881-$156-0.5%Internal Combustion Engine$31,281-$153-0.5% “It’s not easy to find a great deal in today’s used car market,” said Brauer, “but if an electric vehicle can serve your personal transportation needs, most used models have dropped substantially in cost over the past year, especially compared to gas and hybrid models.” Top 10 Used Cars With the Largest Price Drops A used Porsche Taycan has lost 26.5% of its value over the past year, followed by the BMW 5 Series hybrid and Tesla Models S and Y that have lost more than 15% of their used values. This translates to thousands of dollars of lost value for owners and an undeniable purchase opportunity for buyers. 10 Used Cars With the Largest Price Drops, February 2025 - iSeeCars StudyRankModelAvg. Price February 2025$ Difference Year-over-Year% Difference Year-over-Year1Porsche Taycan$73,976-$26,626-26.5%2BMW 5 Series (hybrid)$34,298-$6,613-16.2%3Tesla Model S$49,366-$9,509-16.2%4Tesla Model Y$31,247-$5,927-15.9%5Maserati Levante$45,783-$7,287-13.7%6Tesla Model 3$26,354-$4,112-13.5%7Hyundai Kona Electric$20,329-$3,145-13.4%8Kia Niro EV$21,758-$3,044-12.3%9Ford Explorer Hybrid$31,930-$4,218-11.7%10Mercedes-Benz AMG GT$78,315-$10,197-11.5%Overall Average$31,257-$239-0.8% “It’s hard to ignore the prominence of EVs when it comes to lost used car value, with six of the top 10 models being electric vehicles,” said Brauer. Used EVs With the Largest Price Drops Focusing on electric vehicles, while all EVs show substantial year-over-year losses in value, three of Tesla’s models rank in the top 4, along with the Porsche Taycan, for experiencing the biggest drops.  Used EV Pricing, February 2025 - iSeeCars StudyRankModelAvg. Price February 2025$ Difference Year-over-Year% Difference Year-over-Year1Porsche Taycan$73,976-$26,626-26.5%2Tesla Model S$49,366-$9,509-16.2%3Tesla Model Y$31,247-$5,927-15.9%EV Average$32,198-$5,709-15.1%4Tesla Model 3$26,354-$4,112-13.5%5Hyundai Kona Electric$20,329-$3,145-13.4%6Kia Niro EV$21,758-$3,044-12.3%7Tesla Model X$55,585-$5,358-8.8%8Nissan LEAF$16,725-$1,170-6.5% “Used electric vehicle shoppers seeking a car for under $25,000 now have several choices, including the Nissan Leaf with an average price below $17,000,” said Brauer. Used Hybrid Vehicle Value Holding Up Much Better Like gasoline cars, overall hybrid vehicle prices are holding steady at nearly $30,000, but in contrast to EVs, hybrid vehicles’ prices span a range of a 16% drop to a 7% price increase, with multiple models actually gaining value over the last year. Used Hybrid Pricing, February 2025 - iSeeCars StudyRankModelAvg. Price February 2025$ Difference Year-over-Year% Difference Year-over-Year1BMW 5 Series$34,298-$6,613-16.2%2Ford Explorer Hybrid$31,930-$4,218-11.7%3Ford Escape Hybrid$22,854-$1,749-7.1%4Toyota Corolla Hybrid$22,686-$344-1.5%5Toyota Camry Hybrid$26,682-$387-1.4%6Mitsubishi Outlander PHEV$27,160-$358-1.3%7Honda Accord Hybrid$28,005-$283-1.0%8Kia Niro Plug-In Hybrid$24,557-$199-0.8%Hybrid Average$29,881-$156-0.5%9Hyundai Sonata Hybrid$23,955-$102-0.4%10Toyota Highlander Hybrid$39,617$880.2%11Toyota Prius Prime$27,094$690.3%12Toyota RAV4 Hybrid$32,399$1930.6%13Lexus ES 300h$37,772$3200.9%14Lexus UX 250h$32,402$6071.9%15Honda CR-V Hybrid$32,002$6061.9%16Kia Niro$22,612$4682.1%17Toyota Prius$26,624$1,2845.1%18Audi Q5$40,000$2,8277.6% While the leap from a gasoline to an electric powertrain requires a substantial shift in planning and driver behavior, hybrids require no change in lifestyle while reducing trips to the gas station. Consumers continue to embrace hybrid technology as its cost has fallen and availability across numerous vehicle categories has grown. Several luxury brands have seen significant price hikes over the past year, but Toyota is the top-volume brand for percentage increase, at 3.3%. The company has seen a $979 average price increase across all of its 1- to 5-year-old used models. “With the exception of electric vehicles there are no real price breaks to be found in the 1- to 5-year-old used car market compared to a year ago,” said Brauer. “If you’re a consumer looking to save money on your next used car you might consider an older, lower-cost model – after a thorough pre-purchase inspection.” More from iSeeCars.com: Best Used Cars for the Money Best and Worst Times to Buy a Car Best SUVs for the Money Methodology iSeeCars analyzed over 1.9 million 1- to 5-year-old used cars sold in February 2024 and 2025. The average listing prices of each car model were compared between the two time periods, and the differences were expressed as both a percentage difference from the 2024 price as well as a dollar difference. Additionally, the number of days each car was listed on iSeeCars.com was also mathematically modeled and aggregated. Heavy-duty vehicles, low-volume vehicles, vehicles discontinued as of the 2024 model year, and vehicles in production for fewer than four of the last five model years for each period were excluded from further analysis.About iSeeCars.com iSeeCars.com is a data-driven car search and research company that helps shoppers find the best car deals by providing key insights and valuable resources, including the iSeeCars VIN Check report and Best Cars Rankings. iSeeCars has saved users over $432 million so far by applying big data analytics powered by over 25 billion (and growing) data points and using proprietary algorithms to objectively analyze, score and rank millions of new cars and used cars. This article, Used EV Prices Plunge with Tesla Leading the Way, originally appeared on iSeeCars.com. ...read more read less