69Mach390
Well-Known Member
- Joined
- Nov 14, 2025
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- 24 Taycan 4S
EV depreciation absolutely makes sense from a simple price and supply/demand perspective.I wonder whether used EV prices have bottomed out. The stats (UK) certainly suggest so.....
https://www.smmt.co.uk/used-ev-market-enjoys-record-uptake-as-one-in-25-buyers-switch-over-summer/
In my view, all we need is a spike in the price of oil and I can see people regretting not buying one in 2025 when prices hit rock bottom.
The whole EV depreciation doesn't really make much sense if you think about it. Great cars, cheap to run.....but people have been scared off by the pro oil propaganda.
Those who have them tend to like them and stick with them.
I personally think the tide is turning, so the OP may just be thinking of buying at a good time?
EV prices were very high, especially during the early COVID years and supplies were very low.
Then when manufacturing all came back online, manufacturers over built AND raised prices. This lead to many months (8-10 months) of supply in inventory sitting on dealer lots.
They in turn lowered prices and offered significant discounts on new inventory which completely collapsed the used EV market. Starting with Tesla dropping prices $15-50k per model (Model S plaid for example went from $140k to 90k new).
Now things are somewhat stabilizing, but anyone who bought an EV new in the last few years got CRUSHED on resale and are a bit more hesitant to buy new again.
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