Tooney
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Some of the cars that are up for sale on the used market didn’t even go in for their first service because of the low mileage.
It’s a rough time to be a Lucid Air owner who wants to sell their $100,000+ EV on the used market. That’s because prices have tanked so much that sometimes, the luxury American battery-powered sedan is selling for less than half the original sticker price despite having very few miles on the odometer and being just two years old.
. . .
But it’s when looking at higher-priced models that the depreciation really starts to make its presence felt. This white 2022 Air Grand Touring was recently sold on Bring a Trailer for $68,500–a massive $86,500 drop compared to its sticker price of $155,000. It had just 13,000 miles, the big 112-kWh battery, the high-spec DreamDrive Pro driver assistance suite and a bunch of other goodies.
. . .
A top-spec 2022 Lucid Air Dream Edition Performance with 20,000 miles, which retailed for over $170,000 when new, was sold for exactly $100,000 on BaT earlier this year. The story repeated itself over and over again, and the chart below showing the selling price of used Air EVs on the used car platform paints a clear picture. In fairness, just 34 units were listed on BaT and not all of them were sold because their reserve was not met, but it’s fascinating to see that the first Air listed there was priced at nearly $200,000, while the latest one to be sold was under $60,000.
https://insideevs.com/news/732294/used-lucid-air-low-price/
It’s a rough time to be a Lucid Air owner who wants to sell their $100,000+ EV on the used market. That’s because prices have tanked so much that sometimes, the luxury American battery-powered sedan is selling for less than half the original sticker price despite having very few miles on the odometer and being just two years old.
. . .
But it’s when looking at higher-priced models that the depreciation really starts to make its presence felt. This white 2022 Air Grand Touring was recently sold on Bring a Trailer for $68,500–a massive $86,500 drop compared to its sticker price of $155,000. It had just 13,000 miles, the big 112-kWh battery, the high-spec DreamDrive Pro driver assistance suite and a bunch of other goodies.
. . .
A top-spec 2022 Lucid Air Dream Edition Performance with 20,000 miles, which retailed for over $170,000 when new, was sold for exactly $100,000 on BaT earlier this year. The story repeated itself over and over again, and the chart below showing the selling price of used Air EVs on the used car platform paints a clear picture. In fairness, just 34 units were listed on BaT and not all of them were sold because their reserve was not met, but it’s fascinating to see that the first Air listed there was priced at nearly $200,000, while the latest one to be sold was under $60,000.
https://insideevs.com/news/732294/used-lucid-air-low-price/
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