Why Are Used IONIQ 6 Prices Dropping in 2026?
Used 2024 Hyundai IONIQ 6 prices drop 31% after two years in 2026. Owners hold just 68.7% of the original price. This fast loss comes from new models, tough EV competition, and more lease returns on the market.
Key Reasons for the Drop
Depreciation hits the IONIQ 6 hard and fast. A 2024 model loses 31.3% of its value in two years. By year five, losses range from $24,082 to $28,246 based on trim. SEL trims lose $26,213 over five years.
New IONIQ 6 models increase supply. The 2025 SEL starts at $46,845 and loses $31,383 over five years. 2026 models add AWD Limited trims. Buyers choose these fresh options over used 2024s. Markets show 152 used 2024 IONIQ 6s and 229 used 2023s now.
EV rivals push prices lower. Tesla Model 3 sells for $43,880 with 272 miles of range. IONIQ 6 offers 291 miles, but shoppers pick the cheaper Tesla. The IONIQ 5 already lost 53% of its value. IONIQ 6 follows suit.
Lease returns swell used EV stock. Dealers see more 2023 and 2024 models back from leases. In ZIP codes like 10281, inventory grows quick. Prices fall 35-40% in the first few years.
Compare Depreciation Rates
| Year | Value Kept | Depreciation | Rating |
|---|---|---|---|
| 2024 | 68.7% | 31.3% | Best |
| 2023 | 64.6% | 35.4% | Better |
| 2022 | 61.6% | 38.4% | Better |
| 2021 | 55.6% | 44.4% | Good |
The IONIQ 6 beats the IONIQ 5's 53% drop. Five-year ownership costs hit $51,812 on some trims. In 2026, used prices sit 30% below 2024 peaks. Total five-year costs range from $41,906 to $51,812.
Tips to Fight Depreciation
- Buy 2024 IONIQ 6 SE trims. They lose just $22,274 over five years.
- Check deals in your ZIP code like 10281.
- Sell before year three. Values drop sharp after that.
- Time your trade-ins with market trends.
- Watch Hyundai EV rebates. They lower new car prices and hurt used values.
- Maintain the battery. Check every 10,000 miles to boost resale by $1,000 to $2,000.
Sidekick tracks real-time values. Use it to buy low or sell high.