Would you pay $300,000 for a used GMC Hummer EV?

Thanks to ongoing supply chain issues, used car prices are skyrocketing. Particularly in the United States, where the “I want it and I want it now” mentality seems most prevalent. And while many of you may think paying $15,000 over MSRP for a used Ford Mustang Mach-E or Volkswagen ID.4 is crazy, someone has now listed a GMC Hummer EV for nearly $200,000 more than he paid.

Yes, you heard right. A GMC Hummer EV First Edition, which retails for $112,595, is on sale for $300,000 on the used market. The example in question has virtually no mileage and is located in the small town of Andover, Kansas. And it’s not the only ridiculously priced Hummer EV for sale. A seller in California wants $259,999 for his Hummer EV, while someone in Texas has listed theirs for just under $250,000.

As mentioned above, used car prices are crazy right now. That said, nothing matches the levels achieved by Hummer EVs. The Rivian R1Ts, for example, cost “only” 60-70% more than the MSRP. So what’s behind all the Hummer hype? Well, all Hummer EVs for sale right now are 1,000 horsepower Edition 1 models.

Edition 1 is basically the fully loaded launch version, and it’s sold out. Therefore, if you want to order a Hummer EV from GMC, you’ll have to wait for the EV 3X. This model will technically go on sale this fall, but if you’re only ordering today, chances are you’ll be waiting until at least late 2023/early 2024.

Plus, in all honesty, the Hummer EV is a remarkably impressive machine. Sure, its ridiculous scale means it’s one of the most unsustainable electric vehicles ever made, but from an engineering perspective it’s a fantastic achievement. Never before has a 9,063-pound, 216.8-inch truck been able to accelerate from 0-60 mph in 3 seconds flat. It also looks pretty cool, a nice mix of classic Hummer looks and futuristic style. But is it worth $300,000? Probably not, although you can tell us what you think in the comments below.

About Robert Pierson

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