Guazi Used Car Releases August NEV Market Report: Several Models Depreciated Over 60%

The electric vehicle (EV) market is experiencing a surge in pre-owned options as early adopters enter the trade-in cycle. This secondary market is characterized by steeper-than-usual depreciation, newer vehicle conditions, and surprisingly minimal impact from rapid technological advancements, presenting both opportunities and challenges for savvy consumers.

Guazi Used Cars, leveraging its vast database of real-world vehicle listings, has released its August 2025 report on the used EV market. The report focuses on EVs aged three years or less and provides pricing insights across four brackets: under $10,000, $10,000-$20,000, $20,000-$30,000, and above $30,000. This data aims to give prospective buyers an objective benchmark for their purchase decisions.

In the sub-$10,000 category, many EVs aged three years or less are available for around $3,000. Guazi’s top 10 vehicles in this segment are priced at discounts exceeding 60% compared to their original MSRP—equivalent to paying just 30 to 40 cents on the dollar. This includes some well-known and popular models.

The $10,000-$20,000 bracket offers a sweet spot, with many used EVs selling for roughly half their original price. Alongside a wide selection, these vehicles still boast strong performance and features, more than sufficient for daily commuting. For example, a two-year-old Buick Velite 6, a popular compact EV, is currently listed on Guazi for an average price of around $6,000.

Moving into the $20,000-$30,000 range, representing mid-to-high-end EVs, three-year-old models are predominantly offered at around a 60% discount on Guazi’s platform. This includes vehicles from Japanese manufacturers like Mitsubishi and Honda, German giants such as BMW, Mercedes-Benz, and Audi (BBA), and popular new electric car brands like Xpeng with the P7 or AITO with the M5.

Luxury EVs priced above $30,000 originally showcase even more dramatic price reductions in the used market. Guazi’s listings reveal discounts sometimes exceeding 70%, bringing some models within reach for buyers with budgets closer to $10,000. This opens the door to fully-optioned, six-seater and other premium configurations.

While the used EV market is undeniably appealing from a value perspective, the lack of price transparency in the traditional used car industry can be a hurdle for buyers. Guazi Used Cars addresses this by focusing on streamlined sourcing. They partner with large suppliers, including dealerships and wholesalers, while also directly sourcing vehicles from individual owners. This reduces the number of intermediaries involved and passes the savings on to the end consumer.

Beyond competitive pricing, Guazi Used Cars also provides a comprehensive transaction guarantee system designed to protect buyers. Before a vehicle is listed, it undergoes a 200-point inspection, and the platform provides free access to the vehicle’s insurance and claim history. Furthermore, Guazi offers secure payment escrow and vehicle inspection with video recording to ensure transparent transactions. Given the concerns around battery health in EVs, Guazi has introduced a “100-Day Battery Degradation Guarantee.” This policy covers repairs or replacements if the battery pack experiences significant cell-related issues or degradation within the first 100 days of ownership.