Cars like the Renault Zoe and BMW i3 are rising in value.

Right now isn't a good time for used car prices – unless we're talking about electric cars, which are currently bucking the industry trend by appreciating in value.

CarGurus analyses data on hundreds of thousands of used cars each day to calculate each one's instant market value. It examined the prices of the four most searched electric cars online since 2017 – the BMW i3, Nissan Leaf, Renault Zoe, and Tesla Model S. Its data showed that the value of each car either remained steady or gained in value over several months. the EVs out-performed the most searched for petrol and diesel cars.

The Renault Zoe was a car that performed particularly well, with its average value between January 2017 and November 2019 increased by 18 percent, from £6,425 to £7,612. To compare, the most popular petrol and diesel car, the Ford Fiesta, dropped in value by 22 percent (from £9,165 to £7,160) over the same period.

2017 BMW i3

The BMW i3 also did well, with 2014 models increasing by 1 percent over the course of 2019. Comparable combustion engined Minis dropped by 14 percent over the same time.

The UK's best-selling EV, the Nissan Leaf, also kept a good used value, despite the high number of examples available. The earlier models perform particularly well, with a 2015 Nissan Leaf's value now just nine percent lower than it was in January 2017. While that might not sound too good considering the result of the Zoe and the i3, a comparable Volkswagen Golf dropped 17 percent of its value over the same period.

2017 Nissan Leaf

Snapshot of CarGurus data

 

 

IMV

Jan 2017

IMV

Jan 2019

IMV

Nov 2019

Value change since Jan 2017

Value change Jan-Nov 2019

Electric supermini car

Renault Zoe (2015 model year)

£6,425

£6,683

£,7612

+18%

+14%

Petrol/diesel equivalent

Ford Fiesta (2015 model year)

£9,165

£8,184

£7,160

-22%

-13%

Electric premium supermini car

BMW i3 (2014 model year)

£17,445

(Apr 2017)

£14,800

£15,006

-14% (since Apr 2017)

+1%

Petrol/diesel equivalent

Mini hatchback (2015 model year)

£10,815

(Apr 2017)

£10,253

£8,862

-18% (since Apr 2017)

-14%

Electric family car

Nissan Leaf (2015 model year)

£11,512

£11,498

£10,438

-9%

-9%

Petrol/diesel equivalent

Volkswagen Golf (2015 model year)

£16,130

£13,063

£11,576

-17%

-11%

Electric luxury car

Tesla Model S (2015 model year)

£57,746 (Oct 2017)

£48,961

£40,957

-29% (since Oct 2017)

-16%

Petrol/diesel equivalent

Mercedes-Benz S-Class (2015 model year)

£50,783 (Oct 2017)

£41,213

£32,166

-37% (since Oct 2017)

-22%