Hi,
Just read this in "This is Money". Interesting but I haven't found what depreciation is for each model in year 1, year 2 ect., ect. It may be similar to ICE vehicles but I'm not investigating that
. The article states that dealers are more reluctant to take in EV models in p/e at the then time (?). Dunno if this has changed.
BIGGEST USED EV PRICE FALLERS OF 2023 (30 to 11)
30. MG ZS EV (2019-present) - down 31.3%/£8,056
=28. Audi e-tron GT (2021-present) - down 32.4%/£30,529
=28. Audi Q4 e-tron (2021-present) - down 32.4%/£16,683
27. MG5 EV (2020-present) - down 34%/£8,125
26. BMW i3 (2013-22) - down 34.3%/£10,028
25. Kia e-Niro (2018-23) - down 34.5%/£10,888
24. Hyundai Ioniq 5 (2021-present) - down 34.7%/£14,845
23. Honda-e (2020-present) - down 35%/£9,600
22. Hyundai Ioniq (2019-23) - down 35.9%/£8,650
21. Polestar 2 (2019-present) - down 36.1%/£15,995
=19. Fiat 500 Electric (2020-present) - down 36.1%/£8,150
=19. Audi e-tron Sportback (2019-23) - down 36.1%/£20,792
17. Volkswagen ID.3 (2020-present) - down 36.4%/£12,409
16. DS3 Crossback E-Tense (2019-pres) - down 37%/£9,175
15. Peugeot e-208 (2019-present) - down 37.1%/£9,295
14. Hyundai Kona (2018-present) - down 38%/£11,275
=11. Mini Electric (2019-23) - down 38.4%/£10,842
=11. Citroen e-C4 (2020-present) - down 38.4%/£10,013
=11. Peugeot e-2008 (2019-23) - down 38.4%/£10,720
=10. Lexus UX (2020-present) - down 38.7%/£13,463
=10. Renault Zoe (2019-present) - down 39%
9. Vauxhall Corsa-e (2019-present) - down 39.3%
8. Mazda MX-30 (2020-present) - down 40%
7. Nissan Leaf (2017-present) - down 40.2%
6. Jaguar I-Pace (2018-present) - down 40.4%
5. Vauxhall Mokka-e (2020-present) - down 40.8%
=3. Mercedes-Benz EQA (2021-present) - down 41.2%
=3. Mercedes-Benz EQC (2019-present) - down 41.2%
2. Volkswagen e-Up (2013-2022) - down 42.7%
1. Seat Mii Electric (2019-2022) - down 45.6%
The article author provides confusing information. Take the Leaf as an example:-
Average used price start of 2023: £24,775
Average used price end of 2023: £14,861
2023 price fall: £9,914
But the used value of a Leaf has fallen dramatically than most other EVs. At the beginning of 2023, a year-old model with average mileage would have cost £24,775 but fast-forward to December and the used prices for a 12-month-old example have slipped to just £14,861 - deflation of 40.2 per cent, or almost £10,000.
So, does that mean the car is one or two years old? I say this as the author is saying the car is 12 months old at December 2022/January 2023 and the depreciated price is based on a vehicle 12 months old at the end of 2023 (December?). Is it just me that is somewhat confused?
Of course these figures and stats may be an aberation an I'm not believing that it is for always. However, just shows the consumer is forever being shafted.
Kev
https://www.thisismoney.co.uk/money/...half-much.html