We all love the idea of getting our hands on a brand new car, but the depreciation all but the most rare-groove, in-demand models suffer is a bitter pill to swallow. Take a look at this GMC Hummer EV for proof. It just sold on a well-known auction site for around $45,000 less than its MSRP despite having only been driven a few hundred miles.

A Hummer 3X, it would have cost $104,650 in base form, but this one came with some choice options. The most significant of those is the $23,355 Omega Edition package, which included Neptune Blue matte paint, transparent removable roof panels, 18-inch beadlock wheels and black emblems. Then there’s Off-Road package that added skid plates, underbody cameras, locking differentials – and a further $9,995 to the price.

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The total with-options MSRP came to $140,295, yet the auction hammer price for this GMC Hummer EV SUV was only $95,500. In an earlier listing on Bring a Trailer, bids reached $95,750 but that wasn’t enough to hit the reserve and it failed to sell. A week later, with the Hummer listed again on the same site and the reserve now removed, somebody got themselves a steal of a deal.

Visually, this 830 hp (842 PS) triple-motor Hummer looks as good as new, which it ought to considering it’s covered only 404 miles (650 km). That’s about as much driving as the average American might do in two weeks and means the huge 200+ kWh battery won’t have degraded.

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Compounding the good-as-new feel is the fact that whoever won this auction will be the first owner. The SUV was never titled because it hasn’t been sold to a private party before and is being offered by the dealer with its Manufacturer Certificate of Origin.

Buying a zero-mile new car can make sense if the dealer has a great zero-percent finance deal to go with it, something not open to auction buyers. And yes, this is a 2024 model rather than a 2025, which helps explain some of the depreciation. But it’s hard to argue with a $45,000 saving on the MSRP, and at least a $25,0000 saving on a 2025 model with some (but not all) of the same options.

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We’re seeing used electric vehicle prices take a nosedive, and even the mighty Kia EV6 GT isn’t immune. In fact, someone just snagged one at auction for less than half of its original MSRP of $64,360. So, would you drop $31,000 on a two-year-old EV with 21,000 miles on the clock? Let’s break down the upsides and downsides, and why this could actually be a fantastic deal for the buyer.

The Downsides of the Kia EV6 GT

Let’s actually start off by talking about the not-so-glamorous side of owning something like the Kia EV6 GT AWD. None is as big as the lack of range available in this thing. At best, you’re looking at around 206 miles (331 km) on a full charge, and that’s according to the EPA estimates.

In my testing, I found that you might hit that number – if you’re not constantly pushing it to the limit. My drive ended up around 175 miles, so don’t expect much more if you’re, you know, enjoying the throttle. It’s not great, especially for longer road trips. But on the flip side, it’s more than enough for day-to-day driving.

Review: Kia EV6 Facelift Is Better Than Ever, But We’d Wait For The EV5

That said, the suspension can be a little rough in GT mode, but running it in ‘normal’ mode seems like the solution. Finally, the climate controls are a bit finicky. I think most folks will get over that given time, but having tried them in several Kia products, I still don’t like them.

The Fun Side: Why the EV6 GT is a Steal

With that Debbie Downer section out of the way, let’s get into why this is such a great car to drive. Sure, 576 horsepower (429 kW) sounds like the obvious answer, and it’s certainly part of it, but it’s more than just outright speed. The EV6 GT handles exceptionally well. Sure, it’s outshone slightly by its cousin, the Ioniq 5 N, which we’ve also reviewed, but that in and of itself is a compliment in that they’re very similar.

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In our testing at Las Vegas Motor Speedway, the EV6 GT performed admirably on the drag strip and the road course. The only bit that wasn’t superb was the way ABS engaged during trail braking. That’s something software updates might have solved in the meantime, though. Ultimately, this is a four-door superhot hatch, and we haven’t even gotten to the X factor.

Read: 2025 Kia EV6 Proves Facelifts Aren’t Cheap

Speed is great and getting a big discount thanks to depreciation is too, but it’s the things that make this car so livable that make it such a steal at $31,000. First and foremost, it’s comfortable, it’s spacious, and it has enough space in the back to haul five people and an afternoon’s worth of gear. On top of that, if one needs even more space, it can tow almost 4,000 pounds! That’s ridiculous for such a small car that can drive as sharply and as fast as this one does.

All of this having been said, there’s no question that there are some unknowns out there. How will EVs like this one hold up years from now? Will replacement batteries and motors ever be economical to replace? These are some of the big questions the new owner of this Cars&Bids find might have to consider down the road. Til then, they get to enjoy one of the most well-rounded cars in the segment for less than half of its MSRP. 

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