CNBC July 08, 2026 • 15:14

Used EVs keep getting more expensive amid Iran war, high gas prices - CNBC

By Michael Wayland

Used EVs keep getting more expensive amid Iran war, high gas prices - CNBC

The Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% compared to June 2025.

DETROIT 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.
The co… [+2723 chars]

More from CNBC