Alexandre
The electric vehicle, seen as a revolution in the automotive industry, is now coming up against an economic reality. The used electric vehicle marketlong considered a promising sector for offering more attractive second hands, is showing significant signs of weakness. The cause, accelerated depreciation of electric models undermining the confidence of distributors and consumers alike.
The figures are indisputable, according to AutoTrader. Prestigious brands such as Tesla and Audi see the value of their electric models down nearly 30 % in just one year. This situation is not isolated: other European manufacturers such as Renault, Hyundai, Mercedes and BMW are also experiencing alarming declines in residual values. The Renault Zoé, for example, has seen its value fall by 26.5 %, while the Hyundai Ioniq has recorded a devaluation of 28.6 %.
Several factors explain this trend. First and foremost, technological obsolescence batteries and the ever-improving range of new models are accelerating the devaluation of older vehicles. In addition, the pricing battle in response to competition from emerging Chinese brands such as BYD and MG, is intensifying the pressure on prices.
The rental finance model (LOA), although popular, also contributes to this instability. Companies such as Stellantis offer attractive deals with low overestimated trade-in valuesThis distorts the market. In addition, purchase subsidies, while encouraging the adoption of electric vehicles, mask the economic reality of their rapid depreciation.
Distributors are the first to feel the impact of this volatility. With uncertain residual values, the risk of unsaleable stock becomes a major concern. According to our information, the stock of used Porsche Taycans is so high that dealers are not putting all models up for sale on ad sites. For consumers, this means less attractive second-hand offers, with some used electric vehicles commanding higher lease payments than new models.
Despite these challenges, the market for used electric vehicles is not doomed to failure. Recent models such as the ID.5 and BMW iX, which are only losing 10.5 % and 11.2 % of their value respectively, show that solutions are possible. Nevertheless, the industry must adapt quickly to counter this depreciation trend and restore confidence in the used electric vehicle market.
Logical conclusion: don't buy an electric car, but a combustion car, some models of which may increase in value as combustion cars become scarcer.
+1
Personally, I know a guy who works for a company that hires out its services to car agents of all makes for new-car deliveries throughout France and a few neighboring countries. He told me that he chooses his assignments and that he avoids electric car deliveries because they're too constraining, too much of a hassle - he says so himself, even in neighboring towns, which is saying a lot, and it doesn't matter what make. He says that electric cars are just window dressing, and I think he's in a good position to say so. What's more, his employer doubles the bonuses for delivering this type of car, because he's having trouble finding takers among his employees for these missions!
In my opinion, the ID5 loses much more than that, given that nobody wants it.
So you have to run away from Stellantis' electric vehicles at full speed, since that's all they want to do now, or hand us a hybrid system that's constantly breaking down, with recalls every week. Another one yesterday
I think we should stockpile internal combustion cars, if we know where to put them. That way, in a few years' time, we'll be able to use them without needing to buy an electric car, or resell them and earn money.
That's exactly what I do dear friend. I roll in trash every day and keep the jewelry warm!😉👍
What you call garbage I'm sure is a very good car. It just needs to be a little less good.
Yes, it's not a bad car, it's just a coupé that lacks some punch in its V6, whereas Renault gets 60hp out of its plus on the same engine and the only French car in the lot, a 406 coupé. But when you're working in Geneva, it's better not to have a magnificent car, because the bodywork doesn't last a week before being damaged all over. The proof with the Alfa GT is that in 3 weeks, I had to redo the bumpers and the entire driver's side, which was scratched from the front to the rear wing.
I'm going to buy a yellow 2010 Panda 4×4 (Abarth color) in the Swiss post office commercial version to do as the Italians do and fit it with the 500 Abarth engine so as to have a two-seater capable of driving anywhere whatever the season!
They do this kind of preparation in France 🇫🇷 (Haute Savoie and Savoie), Switzerland 🇨🇭 (Vaud and Ticino) and Italy 🇮🇹 (just about everywhere).
I've driven one of these, and I might as well tell you that it's a real nut, a real fury on 4 wheels that gives you a permanent banana.
The 406 Coupé isn't bad at all. I have an uncle who had a 407 Coupé V6 for a long time, and it was not bad in a quiet, heavy way.
Since you're a PSA customer, you might as well become a Stellantis customer 😬
I didn't know the Swiss were worse at parking than Parisians.
Nice Panda 4×4 with an Abarth engine.
No, because the chassis of the 406 coupé and the ES9 is the only platform and engine worthy of interest, along with the 2.2, but it no longer exists. The 406 is much lighter and more successful than the 407 (a bit like the GT, which is a thousand times more successful than the Brera), especially in phase 1. They're not only worse for parking, they're worse for driving!🤣
The Dutch and the Swiss have done no worse 😂
What the 406 lacks is the 255hp of the Clio V6, a differential and, above all, a 6-speed gearbox.
But in French, I'm looking for an Alpine A110 and a Venturi 300 Atlantique, which are really the crème de la crème of French cars, and Peugeot made the mistake of its life by not taking over this brand, just like FCA did when it took over Artega (when VAG gave them a free hand).
The 406 coupé is truly extraordinary, but the 255hp version of the ESL9 (found under the Clio V6) would have made it a legendary car, coupled with a limited-slip differential.