Alexandre
As detailed in a previous article, a particularly worrying phenomenon is emerging in the rapid depreciation in the value of electric vehicles. This observation, striking in its generality, spares few models, and the Fiat 500 electric is no exception.
We have analyzed the prices of the used Fiat 500 electric, with its 87 kW (118 hp) engine and less than 15,000 km on the odometer, which perfectly illustrates this trend.
The brand-new 2024 model is valued at €33,900. However, a look back reveals an abrupt drop in its value on the used market: €24,000 in 2023, €19,000 in 2022, and €17,500 in 2021. On average, this is equivalent to a 30 % loss in value in the first yearThis trend is unlikely to improve over time, with an estimated devaluation of 50 % after 5 years.
| Fiat 500e 87 kW | |
|---|---|
| 2024 (new) | 33 900 € |
| 2023 | 24 000 € |
| 2022 | 19 000 € |
| 2021 | 17 500 € |
| 2020 | 20 000 € |
Note: in 2020, many well-equipped La Prima or Icone Plus models, in 2021, 2022 many Icone models and in 2023, many bargains with models with less than 3000 km.
This price trend reflects a changing market, where the supply of new, ever more efficient and technologically advanced electric vehicles, is exerting constant pressure on existing models. Attractive alternatives, such as the forthcoming Fiat Panda and Citroën e-C3, priced at around €20,000, intensify this dynamic, making older models less desirable, despite their low mileage and near-new condition.
Faced with this reality, a number of questions arise for potential buyers. Is it wiser to invest in a new electric model?Is it a good idea to buy a new car, knowing that it will quickly lose its value, or would it be more advantageous to turn to the second-hand market, potentially rich in bargains?
However, these figures need to be put into perspective, with over 23,000 electric Fiat 500s sold in France by 2023, while, according to Centrale, only 1,500 models will be on the used market between 2020 and 2023. We'll have to wait for the end of LOA and LLD contracts to get a clearer picture.
A Fiat 500e that's 2 years old is getting cheap. A bargain.
Especially since there are low-mileage models!
Inflated sales price with government subsidies
It is therefore normal for the resale price, which no longer takes this into account, to fall sharply.
In addition to the rapid evolution of emerging technology on the automotive market, which is rapidly becoming obsolete....
Why didn't you expand on these factual elements?
A light treatment
Contrary to vehicle prices and fleet management, which is not at all ecological, but still quickly leads to economic management in favor of manufacturers.
Base price small battery without options = 30400e model 2024. Yet it's easy to go to the FIAT configurator *.
In your comments you do not say or you forget that the first year there is the counting of 20% of VAT thank you for mentioning it kindly
The electric car is to be avoided, period, it's all smoke and mirrors.
Nothing beats a good pre-AD Blue diesel.
I'd say there's nothing like a big, naturally-aspirated petrol engine with a switch to ethanol.
Mine's exactly 519,000 and there's no question of changing it!
It just goes to show that the discount on electrics is much worse than on thermals! 😂🤣👎
I've got a new one, and I'm in no hurry to sell it. It's too practical in town and for everyday use, economical and a great toy to drive.
It's financially more attractive to rent for 3 years with a purchase option than to buy, but beware of the pitfalls.
Hello,
I'm thinking of buying a loa...what do you mean: little traps?
Thank you
The loss value is equal to a thermal, look at the coast of a 208 and 2008.
A 208 and 2008 is a bad example, nobody wants to buy used French junk.
Exactly
Gone are the days of the extraordinary 406, which just lacked a more advanced engine like the ESL9 V6, which at Renault produced 255hp for a 3.0L.