Used LEAF Values Rebound Strongly

Prices are arising

Prices are arising

I’ve been tracking the used value of my LEAF and the depreciation has been steeper than the average vehicle. However in the last two months used LEAF prices have increased by over 6%. Nissan are selling all the LEAF’s they can make (or choose to make) and buyers are now turning to the second hand market, where up till recently bargains could be had. The car dealers lament was that no one wanted to buy a second hand LEAF. Now new cars are scarce people are seriously considering used models, many less than a year old with low miles.

Kelley Blue Book

Kelley Blue Book

My LEAF’s value, according to Kelley Blue Book, fell over 12% from April 2013 until July 2013. However in August and September 2013 its value has rebounded over 6% recovering half of the losses for the year. If this keeps up over the next two months, then the value will have held steady for the year. By all accounts the new LEAF shortage may continue for several more months as Nissan source the parts necessary to manufacture the batteries.

Nissan have said that supply won’t match demand until late 2013 or even into 2014 depending upon the demand this fall. One thing isn’t falling this fall, and that’s the price of a LEAF.

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2 Responses to Used LEAF Values Rebound Strongly

  1. Brian Keez says:

    I need to find a high mileage LEAF @ 9 capacity bars… That would be the deal!

  2. David Massey says:

    We have a 2013 LEAF we bought in July here in the northern suburbs of Atlanta and the dealer can’t keep then in stock! We’ve been very impressed with this car and are considering trading in our 2007 Honda Odyssey for second LEAF (wife wants a red one!). For long trips we rent an ICE car so range isn’t an issue with us.

    We took a tour of their factories in Tennessee (main plant and the battery plant) and were very impressed. Didn’t know the batteries have to bake and “age” for 5 weeks before they are installed in the cars which adds to the lead time to the dealerships if demand keeps picking up like it has been this year.

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