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Revealed: The used electric cars that DROPPED the most in value in January

  • Jaguar I-Pace led the price drops with average prices down 15.6 per cent year on year
  • Even EVs that saw price increases year on year were down compared with December
  • On average, used EVs fell by 2.1 per cent in January, according to Auto Trader
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Time 9:04 am, February 6, 2023

Used electric cars experienced a well-documented price crash last month, and new data shows January’s winners and losers.

Figures from Auto Trader reveal the electric cars that rode out the price drops and the ones that didn’t.

Jaguar I-Paces crashed by 15.6 per cent year on year (YoY) and dropped by 4.1 per cent between December 2022 and January 2023.


The average asking price of the Austrian-made Jaguar was £48,613 last month.

Other premium second-hand EVs also slumped further in January, including the Tesla Model S (down six per cent YoY and three per cent month on month to £44,512), Tesla Model X (down 12.8 per cent YoY and 3.9 per cent month on month to £64,302), and the Audi e-tron SUV which was priced up, on average, at £50,509 (down 7.4 per cent YoY and 2.2 per cent month on month).

The top 10 lowest used EV price growth is revealed below.


Auto Trader also published the cars that saw the largest used EV price growth in January.

Volkswagen’s ID.4 led the way with prices rising by 18 per cent year on year to an average of £42,492.

However, none of the top 10 EVs to grow the most in price during January saw increases month on month.

The ID.4 along with the other top nine cars all suffered price drops when compared with average prices recorded in December 2022.

Last week, Car Dealer reported used car prices rose by 0.2 per cent in January according to Auto Trader.

The average retail price of used car stood at £18,119 last month – up 0.2 per cent on December.

The data also showed EVs in general were down by 2.1 per cent on December.

Largest used EV price growth in January

Volkswagen ID.4

1. Volkswagen ID.4

Average asking price: £42,492
Year on year: 18.0%
Month on month: -4.4%

2. Fiat 500e

Average asking price: £26,978
Year on year: 12.9%
Month on month: -2.6%

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MG ZS parked outside a house

3. MG ZS EV

Average asking price: £24,272
Year on year: 10.0%
Month on month: -2.7%

Mercedes-Benz EQA May 2021

4. Mercedes-Benz EQA

Average asking price: £46,190
Year on year: 6.9%
Month on month: -4.1%

Tesla Model 3 was most unreliable electric car

5. Tesla Model 3

Average asking price: £38,942
Year on year: 5.9%
Month on month: -5.5%

6. Nissan Leaf

Average asking price: £20,482
Year on year: 3.9%
Month on month: -2.7%

MG5 electric vehicle, Apr 2021

7. MG 5

Average asking price: £26,398
Year on year: 3.7%
Month on month: -1.5%

8. Skoda Enyaq

Average asking price: £40,635
Year on year: 3.7%
Month on month: -2.7%

9. Kia Soul

Average asking price: £27,895
Year on year: 1.3%
Month on month: -1.8%

Smart electric

10. Smart Fortwo

Average asking price: £16,713
Year on year: 1.3%
Month on month: -1.8%

Lowest used EV price growth in January

Smart ForFour

1. Smart Forfour

Average asking price: £16,646
Year on year: -2.5%
Month on month: -2.8%

2. Renault Zoe

Average asking price: £19,502
Year on year: -3.0%
Month on month: -2.9%

Mercedes EQC

3. Mercedes-Benz EQC

Average asking price: £60,311
Year on year: -4.5%
Month on month: -3.0%

4. Hyundai Ioniq

Average asking price: £23,416
Year on year: -4.9%
Month on month: -3.7%

Tesla Model S

5. Tesla Model S

Average asking price: £44,512
Year on year: -6.0%
Month on month: -3.0%

6. Audi e-tron

Average asking price: £50,509
Year on year: -7.4%
Month on month: -2.2%

ID.3 on the road

7. Volkswagen ID.3

Average asking price: £33,858
Year on year: -7.4%
Month on month: -4.8%

8. DS 3 Crossback

Average asking price: £24,944
Year on year: -8.6%
Month on month: -1.0%

9. Tesla Model X

Average asking price: £64,302
Year on year: -12.8%
Month on month: -3.9%

Jaguar I-Pace electric car on the road

10. Jaguar I-Pace

Average asking price: £48,613
Year on year: -15.6%
Month on month: -4.1%


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James Batchelor's avatar

James – or Batch as he’s known – started at Car Dealer in 2010, first as the work experience boy, eventually becoming editor in 2013. He worked for Auto Express as editor-at-large and was the face of Carbuyer’s YouTube reviews. In 2020, he went freelance and now writes for a number of national titles and contributes regularly to Car Dealer. In October 2021 he became Car Dealer's associate editor.

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