Hummer EV's Lofty Premiums Begin To Erode

The hype around the GMC Hummer EV is quickly fading. Secondary markets, such as the popular car-selling website Bring A Trailer had people listing these "supertrucks" in early 2022 for lofty premiums versus MSRP. Demand was red hot, and production was limited, which drove up values but more than a year later, prices have tumbled. On April 1, 2022, months after the Hummer EV was released, a Hummer EV Pickup Edition 1 was sold on Bring A Trailer for a whopping $275,000. Those who locked in reservations bought the EV for around $100,000…