The number of battery-electric vehicles sold at auction through April is nearly double the amount sold in the first four months of 2023, and prices for EVs have declined at a faster rate than the overall market.

That’s according to respective wholesale car market analyses by the National Auto Auction Association and Cox Automotive.

NAAA’s AuctionNet data shows there have been 32,200 BEV sales at auction year-to-date through April, which is a 93% increase.

There were close to 9,000 BEV sales last month, which NAAA said is up 124% year-over-year and even with March.

Through April, the leader in the clubhouse for EV sales at auction has been Tesla (18,500), NAAA said in its AuctionNet reporting.

Second in volume is Chevrolet (2,690), followed by Nissan (2,220), Ford (1,550) and Hyundai (1,530).

For April, these were the top five BEV models sold at auction, per AuctionNet data:

—2021 Tesla Model Y 4D SUV Long Range 100 kWh (641 units sold)

—2021 Tesla Model 3 4D Sedan RWD Standard Range Plus 62 kwh  (450)

—2021 Tesla Model 3 4D Sedan AWD Long Range 75 kWh (263)

—2018 Tesla Model 3 4D Sedan AWD Long Range 75 kWh (250)

—2018 Tesla Model 3 4D Sedan RWD Long Range 75 kWh (229)

Further underscoring the wholesale volume potential for EVs: Cox Automotive said its Manheim Marketplace sold about 48,000 electrics last year. Not only was that a 58% increase from 2022, Cox anticipates its EV sales could double this year.

So, what are these vehicles fetching in the auction lanes?

Wholesale prices for EVs fell 17.5% year-over-year in April on seasonally adjusted basis, according to analysis around Cox’s Manheim Used Vehicle Value Index.

That compares to a 13.1% decline for non-EV values and a 14% drop for the overall wholesale market, Cox reported.

EV values were down 2.6% month-over-month in April, compared to a 3.0% decline for non-EVs.

The year-over-year price declines in EVs also outpaced non-EVs and the overall industry in March, February and January, the Cox data shows.