iSeeCars is sharing a new analysis of the Top 10 Used Cars with the biggest price drops in June. EVs make up half of the list with with the biggest 12-month price drops. The market analysis comes as the up to $7,500 Federal EV Tax credit is set to expire on September 30th. It will also mean an end to the $4,000 incentive for used car models.
For Car Pro Show host Jerry Reynolds' thoughts on buying or leasing an EV before September 30th, click here→
iSeeCars predicts that there will be fewer new EV sales and falling used EV prices starting in October. It's a market that is already hurting. iSeeCars says the new electric vehicle market is stalled at 6.9% market share. Add to that the used EV supply is up 61.8% in the past year, while value is down dramatically over gas models over the past year.
For its latest study, iSeeCars analyzed electric vehicle market share growth over the past six years, along with used EV supply and pricing compared to gasoline models. Its analysts also looked at which used cars are losing the most value at a time when the average used car price is going up. Researchers say all three point to declining electric vehicle demand, even before EV incentives go away.
Top 10 Used Cars With The Biggest Price Drops June 2025
Here are iSeeCars' Top 10 used cars with the biggest price drops June 2025 year-over-year. Tesla's Model X, S and Y lost more value over the past year than all other used vehicles:
- Tesla Model S - $46,671, Down 15.8%
- Tesla Model X - $51,884, Down 15.5%
- Tesla Model Y - $29,387, Down 13.6%
- Ford Explorer Hybrid - $30,960, Down 10.0%
- Jeep Gladiator - $34,320, Down 9.6%
- Tesla Model 3 - $25,132, Down 9.4%
- Maserati Levante -$44,160, Down 7.9%
- Porsche Taycan - $78,200, Down 7.0%
- Chrysler Voyager- $22,521, Down 6.6%
- Lincoln Aviator - $43,130, Down 5.9%
This is a great study, and to see a lot more data, visit iSeeCars.