Some early adopters of electric vehicle trucks who bought on secondary markets during the EV mania in recent years have been hammered by price collapses. Using Bring A Trailer data, we analyzed auctions of four EV trucks: a GMC Hummer EV, a Ford F-150 Lightning EV, a Rivian R1T, and a Tesla Cybertruck. All of these trucks have seen sizeable price declines on the auction website. Let's start with the GMC Hummer EV, which was heavily hyped and initially sold for a staggering $275k on the auction website in April 2022. Fast forward to…
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