NADA Says LEAF and Volt Retain Nearly All the Value after One Year

By · June 05, 2012

Nissan LEAF

According to NADA, a one-year-old Nissan LEAF retains 95 percent of its after-credit price of $25,280.

In its newly released June edition, the National Automobile Dealers Association (NADA) Official Used Car Guide lists average trade-in values for both the 2011 Nissan LEAF and the 2011 Chevy Volt.

According to the NADA Guide, a typically equipped 2011 LEAF SV has an average trade-in value of $23,975—95 percent of its after-federal-tax-credit sticker price of $25,280. Meanwhile, NADA Guides lists the average trade-in value for a typically equipped 2011 Chevy Volt at $29,325—90 percent of its after-credit sticker price of $32,780.

For comparison, Automotive News points out that a "typically equipped 2011 Honda Civic Hybrid has a projected trade-in value of 76 percent of its sticker price, and a 2011 Toyota Prius has a projected trade-in value of 88 percent of its sticker price."

NADA Guide treats the tax credit similar to a rebate or a traditional cash incentive. According to analyst Maynard Brown, buyers of used LEAFs and Volts are well aware of the $7,500 discount on the plug-in vehicles and are unwilling to pay more for eligible vehicles than the initial buyer did.

Brown predicts that the used values of the LEAF and Volt will remain relatively stable due to limited supply and lofty gasoline prices, but expects
values to drop by the fourth quarter of 2013, when rental agencies begin to retire LEAFs and Volts from their fleets.

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