Demand for the Hummer EV is so high right there is a ratio of approximately 98 orders for every 1 delivery that's made.
As a result more and more Hummers are selling for over $100,000.
Electric Hummers are selling for more than $100,000 over their list price as demand outstrips supply by almost 100 to one
The GMC Hummer EV's extensive wait list means some customers are willing to pay double for the luxury pickup truck.
Some Hummer EVs have been resold for almost three times their list price amid a massive imbalance between supply and demand for the electric pickup trucks.
At a Houston, Texas car collectors' auction on Saturday, a nearly new Hummer EV sold for $225,000, twice the vehicle's listing price of $112,595.
The vehicle, which was the fifth one off the production line, was almost unused with just 80 miles on the clock, with its vastly inflated price reflecting the huge scarcity of the offroaders.
Just 783 electric Hummers have been delivered so far, Fox News reports. The waiting list for the cars stood at around 77,000 in July, per an Insider report at the time, meaning a ratio of roughly 98 orders for every electric Hummer delivered.