Second-hand Market in cardiac arrest ?

[Taycanfamily]

What were the consignment terms? Seems like that could be an ideal arrangement.

Dealer wanted 8% of the selling price. Seemed fair. I might have to go that route unless I trade it in for a different Porsche.

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[Jonathan S.]

^ Seems like that could be preferable to selling at wholesale, or dealing with lots of tire kickers (whether physical or virtual) especially if in a region that's isn't prime territory for Taycan purchasers. (I wouldn't characterize it though as the dealer not wanting it back, since it hasn't been theirs for a long time, and given the financing arrangements between independent dealers and PCNA, it was probably so heavily leveraged that in an equity sense it never really was theirs.)

 

[feye]

If value retention is something you care about, don’t buy an EV, especially not a premium brand EV.

For the price of 23/24 Taycan you could have a new or newish Tesla Model 3 plus a decent 911 or Cayman.

Noisy vibrating + junk. Sorry, that will give you much more headache in the near future! No thank you!

I stick to my Taycan and drive it. Considering, that it still looks great, and that the new tech coming out of Porsche is still old compare to what I have in China and even in my 1 year old Merc EQA. So why bother if Porsche is not seriously commited to make great EVs?

 

[WillCT4]

Be patient, the market will turn. Porsche are staking their business future on EV’s .

 

[MikeW]

I sold a 9 month old GTS and took a £35k hit
The dealer who bought it from me now has it for sale at £8k less than he paid me
It didn’t help when Porsche started knocking off 20% off list price
An expensive lesson

 

[Fish Fingers]

Be patient, the market will turn. Porsche are staking their business future on EV’s .

Higher petrol prices could be a major boost for EVs.
It's being speculated that fuel duty will be increased 5p/l in the Oct budget.
Rishi cut it by 5p/l and it's losing the Revenue a lot.

That could be quite a big hit for ICE next tax year.

 

[plamichigan]

As I’m looking to buy a 2023/2024 taycan or taycan 4s, I’m trying to figure out what would be the trade in values of those cars today (if I wanted to get rid of it quickly in case of a technical issue) or in the next 4 to 5 years.

You guys may know such websites as autohero or « vendez votre voiture ». You just give the basic informations about the car you want to sell and the web site gives you a number based on what car dealers and resellers in Europe are willing to give you for it.

It works quite well and it gives you a price in no time.

To give an exemple, I’m trying to sell a bmw 435i of 2015 and it gave me a final offer of 20k.

So far so good.

So I tried to do the exact same thing with a 2023 taycan 4s I’m looking to buy to see what offer I’d get if I sold it tomorrow.

Well, first I did not get any generated offer. Nada, nitch.

Then I received an email stating the car was being auctionned during the next 48 hours and that I would received all the bids put by resellers.

Well you know what ? Today, I have an email which states this : 3 views (for the all EU market) and 0 bid. None. Not even an offer of 5k.

So my question is this : what the hell is going on with the EV (taycan) Market ?

Are these cars unsaleable ?

If Porsche does not want to take back the car it sold you a few years before, what will be your options ?

This is insane.

Recent Observation on MY 2020 Taycan S, lots of options, with about 10K miles per year and very nice condition: depreciation about 60% in just 4 years. That means lots of buyers lost $80K in value.

Now, as others have pointed out, luxury cars often depreciate heavily in early years--ICE and EV--so one would expect at least 40% depreciation even for a very nice car.

Critical issue, for which the answer is unknown: after 4 years of relatively steep depreciation on an ICE Porsche, it would start to lose much less in value each year (again assuming very good maintenance and untracked). For EVs, the battery warranty is only 8 years, and that's with declining power.

So, does a Taycan (or other high-end EV) really to toward zero, rather than a residual value of substantially more than that?

PLA

 

[Bognar67]

I sold a 9 month old GTS and took a £35k hit
The dealer who bought it from me now has it for sale at £8k less than he paid me
It didn’t help when Porsche started knocking off 20% off list price
An expensive lesson

Selling a 9-month-old car is a big hit anyway. Being ICE, Hybrid or BEV. Minimum 15% on any car, so it s not Taycan's special.
Loss should be counted on the actual real world price (MSRP-deal%).

 

[Redhot2474]

At 9 year point you pay them to take it

 

[Jonathan S.]

At 9 year point you pay them to take it

I am prepared to outbid Porsche dealerships regarding their negative payments for used Taycans!

 

[feye]

Be patient, the market will turn. Porsche are staking their business future on EV’s .

I hope so, but I see no commited road map, and the new Macan EV is simply overpriced for the size of the car and battery...

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