The GMC Hummer EV is in high demand with over 77,000 reservation holders waiting to receive their electric truck. The problem is that GMC is only producing 12 each day right now.
At that rate it will take the automaker more than 17 years to work through the order backlog, let alone anyone who is thinking of placing an order for one today.
That huge disparity between supply and demand is leading to the few Hummer EVs that have been built selling for ridiculously high prices. In May a Hummer EV Edition 1, which was purchased new for $110,295, sold for more than two and half times that amount, $286,000 at the Mecum Glendale auction in Arizona, according to GM Authority. That was the highest price we could find for a Hummer EV selling at auction or through a private listing.
That was until this past weekend, when a new record was set making that price looks like a bargain. At a Barrett-Jackson auction in Las Vegas, another Hummer EV Edition 1 sold for $324,500, or just shy of three times its original purchase price.
For that amount of money the buyer is getting a Hummer EV finished in Interstellar White with a black/light grey interior. The listing says there are just 48 miles (77km) on the odometer.
The new owner of this Hummer EV will soon get a free over-the-air (OTA) software update that will give it a new feature – Extract Mode. With the feature the truck can lift itself an additional six inches, using the truck’s air suspension, to get itself out of tricky off-road situations. Based on this Hummer’s purchase price, it is unlikely this one will see much off-roading.
You can check out the Barrett-Jackson video on this particular Hummer EV Edition 1 below.