Tesla still commands a 40+ percent share of the US EV market, but demand is down 11 percent Jan-June, and it’s not only declining new car sales that are causing alarm. The brand also dominates a list of the used cars whose value is dropping hardest.

Related: Tesla Suddenly Wants You To Buy Now After Years Of Opposing EV Credits

The Elon Musk-headed automaker bagged four spaces in the top 10 list of biggest losers collated by the data crunchers at iSeeCars, and a fourth Tesla also found its way onto the chart.

Including one other brand’s value-shedding model, EVs accounted for five of the 10 cars judged to have shed the biggest percentage of their value in 10 months. And that’s despite electric vehicles only accounting for 3.3 percent of the 1- to 5-year-old used market.

Tesla Tops the List of Falling Used Car Values

The study found the Model S suffered the biggest percentage price drop – though not the biggest dollar drop. The sedan’s average price in June 2025 was $46,700, which is 15.8 percent or $8,800 lower than it was 12 months earlier.

The Model X SUV actually lost more money – $9,500 – but due to its higher initial price, that drop only represented a 15.5 percent fall, putting it in second place. Third spot went to the Model Y, which fell $4,600 or 13.6 percent, probably in part due to the arrival of a facelifted version of the SUV this spring.

TOP 10 USED CAR PRICE DROPS

The Model 3’s value slid 9.4 percent, putting it in sixth spot, behind the fourth-place Ford Explorer hybrid (down 10 percent) and Jeep Gladiator (fifth place, down 9.6 percent). And Porsche’s Taycan lost 7 percent of its value, earning it eighth place, meaning all five of the EVs on the list lost far more than the average EV, whose value fell by 4.8 percent.

Sandwiched between the Model 3 and the Taycan is the Maserati Levante (seventh place, down 7.9 percent), and the top 10 is rounded out by the Chrysler Voyager (ninth, down 6.6 percent) and Lincoln Aviator (tenth, down 5.9 percent).

Used EV Values Lag Behind the Market

All five EVs on the list fell significantly more than the average for used electric vehicles, which dropped just 4.8 percent. By contrast, used internal combustion engine (ICE) vehicles actually gained in value slightly, up 5.2 percent on average over the same 12-month period.

The study appears to show that American consumers are less interested in EVs as used cars, and that sentiment is likely to carry over into future years as this September’s scrapping of EV tax credits begins to take effect and the ripples are felt in the used market.

The Dodge Charger Daytona traded a roaring Hemi V8 for an electric powertrain that sparked backlash from fans. The results haven’t been pretty as some models are being discounted by more than $20,000.

Slow sales aren’t the only issue as Dodge is recalling 8,390 Charger Daytonas from the 2024 and 2025 model year. They’re too quiet for their own good as missing software can prevent the amplifier from emitting pedestrian warning sounds. This means it runs afoul of rules designed specifically for hybrid and electric vehicles, which can travel silently at low speeds.

More: It’s Official, Dodge Is Killing The Electric Charger Daytona R/T

Dodge estimates that 3% of the recalled units may have experienced an “incomplete software upload.” FCA US began investigating the issue in April of this year and the fix is relatively straight forward as dealers will update the amplifier software, if needed. Owner notifications are slated to be mailed out on July 10 and repairs will be free of charge.

Chrysler Pacifica and Voyager Recalled Over Camera Issue

In other news, Stellantis is recalling 140 Chrysler Pacifica and Voyager minivans from the 2023 model year. They have a “manufacturing error,” which can prevent a rearview camera image from being displayed.

Delving into the safety recall report reveals the issue is related to a “solder void between the circuit board and an image signal processing chip.” 2.9% of the recalled vehicles are believed to have the problem and dealers will inspect and replace the rearview camera as needed. Like in the Charger Daytona recall, notification letters are slated to go out on July 10^th.

Chrysler’s electric future was supposed to be just around the corner. Back in 2022, the company said it would launch its first EV in 2025 and shift to an all-electric lineup by 2028. That put it in the same boat as a long list of automakers pledging allegiance to a battery-powered future.

However, just like many other major legacy brands, including Volvo, Cadillac, Ford, GM, VW, and Mercedes, Chrysler seems to be quietly backing away from those early promises. Why? EV sales are growing, but not nearly at the pace some executives were confidently forecasting just a few years back.

Current Lineup Is Running on Fumes

Right now, Chrysler is barely keeping the lights on with just two aging minivans, the Voyager and the Pacifica, which are, for all practical purposes, the same vehicle. The brand is in serious need of something new and relevant. That was supposed to be an electric crossover slated for 2026, but the launch has now been pushed back “until further notice.”

Stellantis knows full well that Chrysler needs some serious attention, and giving the brand a real shot at relevance may mean offering powertrains that appeal to as wide a range of buyers as possible.

Chrysler Wants to Experiment

Stellantis design chief Ralph Gilles recently spoke with Auto News about what the future holds for Chrysler, just after it celebrated its centenary on June 6. He said the conglomerate wants to “experiment” with the brand and noted that the flexible STLA Medium and STLA Large platforms are ideal for new Chrysler products.

“I think it’s time for us to pivot,” he said. “We’re going to try. We’re going to experiment with the brand. There is an unserved part of our portfolio in our showroom that our dealers have identified that we can maybe serve with Chrysler, so we’re in the process of experimenting.”

New Platforms Could Power the Revival

“We have two brand-new platforms — STLA Medium, STLA Large — that are perfect foundations for new product, and we’re waiting for them to appear,” Gilles added. Importantly, both the STLA Medium and STLA Large platforms are designed to support ICE, hybrid, and battery-electric powertrains.

The STLA Medium platform is already being used in models like the Peugeot 3008, Citroen C5 Aircross, and the new Jeep Compass. STLA Large, meanwhile, supports both ICE and EV variants of the Jeep Wagoneer S and the new Dodge Charger.

Read: Chrysler Halts 2026 Electric Crossover “Until Further Notice”

While we wait for Chrysler’s next generation of products to take shape, Gilles confirmed that the Pacifica minivan will get an update in 2026. The refreshed model will feature front and rear fascias inspired by the sleek Halcyon concept, giving it a much-needed design nudge as the brand repositions itself.

Needless to say, that’s not going to be enough to turn things around on its own. A facelifted minivan, no matter how slick the bumpers or grille might be, isn’t going to carry the weight of an entire brand’s comeback. Chrysler will need more than just tweaks, it needs fresh models, clearer direction, and vehicles that a lot more people genuinely want to buy.