Are used Electric Cars still in demand?
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- čas přidán 31. 05. 2024
- End of February 2024 update (including end of January as we missed that one, sorry!)
I run through how the used car market is for used Electric Vehicles. Not just my own opinions but giving statistics from Autotrader Market insights.
There have been price drops over the last couple of months (not just with EVs but across a lot of the used car market) but actually I think they’ve steadied off now and restocking hasn’t been too easy. Sales have been pretty good and were low on stock right now. Buying stock has needed some serious hunting and paying fairly strong prices.
How has the new Tesla Model 3 highland affected the market in particular? Well actually as they are being somewhat trickled out it hasn’t caused too much disturbance. 2021 refresh cars with heat pump are certainly in demand now they can be found for under £30,000. I think they’re great value now. Porsche Taycans and used Audi e-tron also amazing value for buyers, albeit painful depreciation for owners needing to sell. Trouble with such cars is they make a lot of sense new for many of their buyers because of the tax benefits when buying through a business, but this has led to big drops on the used market.
I think many people have decided not to sell because their cars values have dropped.
But the key data here is that demand for EVs / Electric Vehicles is good!
I hope this gives an honest insight and if you need to sell your EV please get in touch. We will consider buying but can also offer a brokerage service which is a great way to get the most for your car and usually returns much more that trade values.
Thanks for watching.
Richard Symons
R Symons LTD "RSEV"
EV Specialist based in New Milton, Hampshire on the South Coast near Southampton and Bournemouth
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I bought a used late 21 M3 LR about a month ago. It took me 2 weeks of calling round dealers and sellers to find a car that was actually still for sale and in the end I bought privately. The only issue I encountered was price. Lots of places had £30+k cars sat there. But the places that were knocking them out the door at 27-28k were selling them fast - within a day especially for good cars with low miles. One dealer I spoke with were selling 30+ M3s a month. I did look at the RSEV site, and tbh it was all way above my price range. They are all clearly very very well prepared cars though. In the end I paid £27k for a clean 25k mile LR at a few days over 2 years old. To me they are great propositions. 4 year warranty plus 4 years drive line. Regular sw updates. Good community so DIY fixes in the future should be possible. Low road tax as of next year, insurance seems to be creeping down now a bit and finally the cost to run at 7.5p/kw is basically buttons. Oh and the performance you get for your money, also great. Other than depreciation there is not a lot to worry about but when you are saving thousands a year over ICE cars in fuel alone then it really does not matter so much. Just my 2ps worth.
@@shreeshsaurya4203he's got a large premises to pay for, lot's of staff too. Not going to compete with a private seller.
They are shifting stock so people happy to pay 🤷
I did similar, but at the start of November 23 and ended up paying 31 at an independent dealer, but the car had only 15,000 miles. Probably lost bit of value since then, but that's cars in general. As you say it's almost free to run, and blisteringly fast. Had a few little niggles with moisture in a light and tailgate alignment, but Tesla have been superb under warranty.
@@PaulCopp Which is why I think the market will remain strong as they are great value. If you can charge at home they are literally a no brainer. The fact there is no real servicing to do can be thousands of savings too. I think people are slowly catching on its a good deal at this sort of price.
@@auwz66 Lots of friends asked questions when they saw it, and just don't seem to get the advantages. Tesla in particular have massive advantages that the general public are just not aware of. Zero servicing (most legacy brands still pretending that their EVs need an annual service to keep their legacy money stream going), by far the best and cheapest public charging network, over the air software improvements, excellent performance, excellent battery conditioning technology. They also don't get how much easier single pedal driving is. If you are spending 500-600 a year on servicing an ICE car, then after 8 years you would have 5000 towards a battery on the remote chance it fails completely after the warranty expires, without costing in the fuel and VED savings. Absolute no brainer for a car with this level of performance.
Richard I’m sure if you were reviewing electric scooter’s your viewing public would watch , it’s down to personality, some have one some don’t
Surely a big problem here is that Supply is a real number of cars, with a value that can be measured in the trade. But what Autotrader calls “Demand” is actually just clicks on a website, with no way to assess what customers are willing to pay for any particular model. Comparing these cannot give a realistic “Market Health”. Also if something goes up 83% in 3 months, that’s probably because the absolute numbers are really small.
Nice to see good, data driven analysis rather than the usual spin from other sources. A lot of people peddle an agenda but Richard gives the facts!!!
Glad you liked it!
As an auto tech and electric car owner/enthusiast I am happy for people to keep driving ICE. They keep me busy!!!!
Well, if a battery is slightly damaged on an EV, looking at recent news articles it gets scrapped.
@@darrenpardoeexactly. Even when there is no significant damage but it has had a proper shunt it could get written off!
I think this is also lack of knowledge at the body shop level. For front end collision’s on ICE vehicles it doesn’t take much for engine/transmissions to get damaged in an accident.
As usual a very clear explanation and a fine video! Keep up the good work!
I really appreciate the detailed info you relay 👍
Thanks for these updates. I look forward to your battery for home and work video.
the new Tesla model Y with new battery tech is scheduled to do 1000 KM's on charge which is 600 miles range, this is what is needed, the EV market is still in its infancy and by 2025 this range or maybe 500 for smaller cars will be the norm, I'm leasing mine at the moment until technology catches up and the massive depreciation will not effect me and new prices will drop
Great round up Richard, I always look forward to your honest thoughts and views on the world. Thanks
Much appreciated
I took my car into my local tesla service center yesterday and wow it was crazy how much busier it is since 2021, so many more cars there and people coming and going, for service and just checking out the updated car and going for test drives etc.
Great video as always guys
Very informative . Many thanks !
market insights are facinating , would be cool to have access to that.
Hi Richard, a very informative video. Thank you very much. Best regards, Martin
Super excited to learn more about your home battery system 😅😊
Great info. An interesting thing I noticed with the MY. Arnold Clark have got loads of RWD which are 2 years old but less than 100 miles. All the same price, but a little high. Very strange how they have so many with low mileage at that age.
2021 facelift Model 3 for £16k on Autotrader doesn’t sound that bad
It’s sold
Interested about your take on home storage without solar i have exactly that in use for a year intetested in other systems performance
great content!
That's probably me king those stats looking like that by always constantly looking at model 3 :D
Great facts & figures as usual Richard, the Solar giving out 25% of your needs in such poor conditions 💪
Surely the demand figures from auto trader include people who own Ev’s searching for value references not actually buying - for this figure to be valid you need to show demand against actual sales as a % otherwise the figures don’t mean anything
My Ampera PHEV died, so I traded it in for a used ICE Audi A3, my used Taycan piggy back is now is a sorry state.
Great video team. Always the best. What’s the market like for secondhand Model-S and Model-X?
My crystal ball isn’t working. Where do you live and shop?
Thanks for your reply.
Good one.
Look forward to the home energy video.
I myself think a second battery is better bet than solar/battery.
In northern europe, in winter when we need most energy, we get least sun!
Home battery no solar is fantastic we did the same our average is 9.4p per kwh with 700 kwh of use. Tesla powerwalls are on £7.5k now fitted since the vat got reduced to 0% on battery only systems
Cheers Richard
Thinking of replacing my Outlander with a Kia EV6 - looks like a great car.
Great interesting video but I couldn’t take my eyes off the rail of shirts 😂👍
Here in Australia the Kia EV6 GT there knocking $15,000 off the brand new asking price they can’t get rid of them
Once more, but in English, please.
Same in uk for some manufacturers - the devalue in second hand value against actual paid is beyond the expected loss (ie vat and standard depreciation removed)
Richard I’d be interested if that data on demand is purely on views (looky loos your virtual tyre kicker) or actual conversations into sales. I know personally I’m terrible for doing searches on AT to see what’s out there on a bi-weekly basis
Great to hear that the market is really looking up. Hope you manage to find some good stock soon.. Having had solar and battery storage at home for a couple of years, I know how good it can be and it will be great to use youe channel to show what can be done. To me it is an investment in the home.
The fossil dinosaurs will not agree! Great summary.
Would love to watch a video featuring your good self, and that awful MacMaster. Great videos Richard! Thank you. Xx
as someone who only a few months ago had a solar array and powerwall installed at home 🏡 i look forward to seeing what you opted for.
Very interesting. Just had solar at home under eco4 grant. But interested at adding batteries later. Even the portable ones but the house is off grid most days daylight hours and has halved at least my leccy bill. Best wishes.
Adds some balance and context to Harry's "world is coming to an end video".
I actually thought Harry’s video was very good making the point about tax breaks causing new EV prices to be at the extortionate level they’re currently at…..I was interested in a BMW i4 eDrive40, but new and well specced they’re over £70k, which is a lot for a 3 series!! In the end I bought a 4 month old demo for over £17k off new price, but WBAC values it at £40k…….really enjoying the i4 and EV motoring though.
@@harrycummings6501 don't disagree actually, but that video could be well and truly misinterpreted and it was presented with a doomsday narrative.
He does not have the same critical eye on the hydrogen question for example.
@@justinfletcher1882 Think you'll find Harry Metcalfe has had some discussions with the JCB about the future of hydrogen too for excavators and the like, with his farm he takes a view on what's to power his farm tractors and machinery in future. He usually provides a balanced view as Richard Symons does too, Harry has had solar for a number of years and powers his classic cars with sustainable fuels, so he's pretty clued up. I thought his "doomsday" video hit the mark too, giving good reasons for some of the problems in the EV marketplace, as I say pretty balanced as opposed to the likes of the "MacMaster" and "Dave takes it on" who sensationalise everything.
Had my Model Y for just short of two years. Insurance came in at triple what we paid in year one. Plus, got worried they might discount the new cars even more so jumped ship and sold it. Now got a Hyundai Tucsan Hybrid for the money we made and it’s taken some of the stress away.
I think buyers are reluctant to a buy a used EV from a “Norma dealer who may not understand and or service the vehicle correctly. This is why RSymonds does well , they are trusted to understand the EV .
Thank you for another great video. I recognise a lot of what you described as Tesla owner. When is a good time to sell and buy the next one m.
@@anna-fk8ql yes a Model 3 Long Range 2020
Eager for the news on home battery storage. That's the route we're thinking of taking as we're not sure if our roof is suitable.
Just one thought. If you have an EV with Vehicle to Grid/Home connectivity, you might be able to get away with a smaller stationary battery or none at all. Now all you need is LFP for long charging life and for Tesla to bring it on. Musk says he’s doubtful, but maybe he’s more interested in flogging PowerWalls. In my part of the world, our utility is taking V2G seriously.
@@davidcottrell570that's absolutely the ideal and I do have an EV. It's a used one though and hasn't got v2g but more significantly I don't have a driveway so that option is not open to me anyway. I'm busy working on the local council to put in some AC chargers either I'm our parking bay or in the local car park.
Do you think the glut of 2021+ Model 3s coming off lease this year (especially next month and then September) we'll see a low-mileage LFP SR+ dip below £20k? That's my hope, anyway!
Doubt they’ll drop that low - low mileage cars with a year’s Tesla warranty left will be desirable on the used market. I think it’ll push the earlier cars that are out of warranty down more than anything.
People always want something for nothing and tyre kickers are always about ,a great priced car are always sellable ,only when the rip off merchants get involved then the silly prices appear
@@199quinny I'd better hope the value of my ICE doesn't drop too much in the meantime then!
A lot can happen until September, and also depends on what you consider low mileage. I'm also on the market for one and following it closely. Seeing some sellers lowered their prices just in February by as much as £2500, I think we might have a really good chance to get a really good 2021 China build with 20-30k miles around (or even lower than) £20K. And it's a heck of a car for that money.
May be cheaper to lease a model y RWD for 2 years at 399....
Maybe the dinosaurs are finally realising they dont all catch fire and saves a fortune on fuel. Since ive had my model 3 ive had many conversations with people who didnt even factor in servicing costs, and fuel. our previous car (range rover evoque) was 600 a year for a full service and MOT. Thats a guaranteed cost every year without other repairs or serviceable parts like brakes, discs pads etc. most of the newer cars have long warranties and are cheap to run and require little to no maintenance. Think most sensible people are starting to come around to the idea. You have to remember its still early days in the grand scheme of things. Everyone ive met who seems to have a negative opinion on them is either misinformed or have never been in one or drove one 🤣 they arent for everyone, style wise people may hate them for example. But you simply cant argue about running costs, maintenance costs compared to a mid range ice car such as Volkswagen, BMW. Servicing on them is ridiculous at main dealers. I dont understand the weird obsession and being determined to pay fortunes on VAT on fuel and the government just wasting it!
I'm not sure I buy into this. I enquired about their blue Taycan that they've had since early November, offering a '20 M3P in trade and I was given every indication that they had no interest in my car via a super low ball offer. Against an almost unsaleable Taycan??
Taycan is currently the most undesirable car on the market, if you really want one , wait until the end of 2024 when Porsche start knocking new ones out for a loss to meet ZEV mandate target, used ones will tank in value even more.
I have a Tesla model 3 LR as a company car. No option for me to charge at home so relying on superchargers. Must admit I’m really impressed with my car covering 70,000 in two years. Personally I would purchase any other make of EV as the cost of charging via a Tesla supercharging is so reasonable. Admittedly I wouldn’t buy electric if I was spending my own money
Do you pay Road User Charges for EVs in the UK. In New Zealand the cost is $76 for 1000km.
We have an annual road tax but BEV have been exempt from it. However in 2025 they will be liable alongside a “premium car” surcharge. So will be about £400 per year for £40K + cars like Tesla 3 LR
I don’t mind road tax tbh, we all use the roads. Would just be good if they maintained the roads as they’re in a terrible state
@@RSEVsadly Richard it hasn’t been ‘Road’ Tax since 1930s, VED is thrown into the pot under General Taxation
@@RSEV Not correct, check your facts.
No we don’t. Certain City charge to enter, and we pay a yearly tax which varies from 0-£2595 depending on the Vehicles co2 emissions
Looks like you’ve started selling clothes ,( rail in background)!?
I drive a 2021 VW I.D 3 Tour 5 and last time I checked the tour 5 with the largest battery isn't for sale any more and I discovered that the smaller batter with less kit is the same price as I paid for my 2021high spec with largest battery.
I'm on my 3rd electric car and won't be buying new again, why some might want to know ? well there are more than a few reasons I mention below in no particular order just off the top of my head.
1, range is still an issue even if I have around 350 Kms range real life range 217 miles, can add maybe 30-40 miles more if I drive it slow in warm weather.
2, recharge times on DC " fast, Rapid" chargers is still not nearly good enough, especially when the battery is cold.
3 Not nearly enough 100+ kw chargers.
4 Cost
5 there are still trips where we take our outlander diesel because it's a lot less hassle.
6 poor resale value
7 Too much infuriating tech, screen, menus and no proper controls for Heat, Fan, Radio etc, vey irritating to the point I won't buy a car with this level of stupid design again. Tesla or not, I certainly won't buy a tesla either.
Most electric cars are bought on PCP because of the cheap monthly payments then at year 3 people won't want to face paying a big balloon payment so they get another brand new car and this is an extremely bad way to buy cars in my opinion, if you can't buy cash then you really can't afford a car. PCP is a clever trick to keep people sucked into buying new cars.
2nd hand prices are too high and cars will have less range than when new and what happens if the battery has issues out of warranty ?
Anyway, in general I do not like the way the auto industry is heading, too much tech and the screen is the focal point in modern cars, I have to go through menus to access radio and stations, heat and ac, blower etc, it's very frustrating. I drove my mothers 2010 fiesta a couple of months ago and it was amazing having such easy access to heating controls, radio and station presets. Turning on and off heated heats is a chore and those haptic "buttons" and sliders drive me insane. I spend most of the time swearing at the car than driving it.
A lot of cars are going down this route of screen and so much tech, I just checked the other day and the 1.2 petrol clio and the 1.0L Yaris no longer exists, you got to pay a massive premium for the hybrids for very little benefit in fuel consumption, where are the cheap simple cars ?
I wish the auto industry would stop forcing all this very expensive tech at us for massive prices and just give us cheap simple to operate cars.
EDIT: just to add a note my battery is 82 Kwh 73.5 usable when new and this being my 3rd EV I would never buy an ev with less range because when you are at a charger waiting for one to become available for 30 mins or more than having to face a potential 50 min charge you will absolutely wish you either bought the ICE car, kept your ICE car or got the car with the largest battery you could get. Range is important and don't let any ev "enthusiast" tell you other wise, yes, most of us don't drive too far each day but often we drive beyond the EV range and this is a pain, really a pain.
Wow ! I just jump in our Tesla and drive it, get home plug it back on and repeat the next morning don’t use DC whatever unless its a Tesla charger and not interested in resale value as its going to be with us for at least 10 years unless its written off. The car seems to handle the tech stuff, it just works
@@stevenbarrett7648 no not interested in all the tech any more too distracting + we still have to take our diesel for some trips and I can’t be bothered waiting to charge, I’ll pay off what I have and keep it as a commuter car.
With the Model Y I received an email from Tesla directly about a PCH about £272 a month with 9 months advance rental.
was that including VAT?
Where is the video on thw home battery without solar?
Kona's and E-niro's for around £19 grand 20-30 thousand miles 2/3 years old. What bargains. I cant understand why people would pay £25 grand for a Honda jazz when they can have one of these.
I was surprised when I saw the top 10 best selling EVe in the UK for 2023. No Stellantis cars, are they too expensive?
The price drop on Stellantis cars are massive.
I’m am in the USA for a few months. I literally cannot go on CZcams without being bombarded with adverts for……. Tesla; waxing lyrically about the charge network, their mileage range, structural safety … even the video and audio quality. Now I’ve lived here for 12 years and NEVER seen a Tesla advert before. If Tesla are chasing sales this desperately then you know something is up. Ford and GM have stopped making their big electric trucks as the dealer network has 100’s sat on forecourts. Just saying….
Is the updated Model Y definitely this year?
No more likely next year
it’s not known
I think this is economic recuperation time where all are rethinking about spending. Just give it 1 year when second-hand EVs will be around 20k. It will be no-brainer for the no-brainers. 😂 Great video ..cant wait for home battery one.
24 plate just out. I was in a dealer on Wednesday, and all the new cars were lined up. Only one out of more than 10 cars was EV. This is a manufacturer with a range of EVs. There is still limited interest in the real world. Appreciate you are doing okay. Great but still niche.
New car EV sales are declining. The delay to 2035 means most are still ICE. Data shows this.
I got a lr3 for sale.
Maybe new model 3 slow to get out of the blocks due to thr lack of certain items, interetsing Tesla say no Y refresh this year.
Where's best to try for Tesla car insurance.....
This would counter the legacy/media narrative that EV growth is dwindling. Only sub-standard EVs are not in demand. Tesla (for example) is growing exponentially.
Selling shirts or cars?
Your Reports use % terms which may not reflect the true picture. The specific number of units would be far more consistent with your report. Claiming a 50% increase in demand may translate to 15 units from 10. As you will be aware that translates to a low demand essentially. You also state the manufacturers have made significant reductions to the price of units. They do so to try to stimulate a reduced demand, which will also cause the residual value in the second-hand car market to drop by a similar margin. Most buyers of EVs from new, have found that the depreciation in price has been over 30% in the year. That is a conservative estimate. Claiming as you do that the EV market is in a positive position is maybe not the most accurate analysis of the statistics.
Evening mate
I am looking for a 2018 19 golf e 30k to 40k miles I have 8k to spend
People want more EV's
Just bought a used Kia ev6 for 30k with full 7 yr warranty and only 15000 miles. It’s basically brand new.
In the UK, Kia warranty is 7 years, although when looking on the website it states the battery is warranted for 2 years only
@@mellarner8253 not on used cars. The warranty carries over to new owners but you don’t often get the full 7 yrs. for example, if I buy a new car and have it for 3 yrs and sell it to someone else; they get a 4 yrs warranty as it carries over. In this instance, I was quite lucky and got the full 7 for a 2 yr old car. That’s a good point about the battery tho, I’d have to look into it. Im aware that you can get 3rd party warranties where they cover the battery.
@@mellarner8253 2 years is for the 12V battery. All EVs still require a low voltage battery to run things like lights, infotainment and wipers
@@mellarner8253 7 years/100k miles for main traction battery, 2 years is for the 12V battery
@@mellarner8253Thats for the 12v battery not the EV main battery, that is 8 years.
Looks like someone forgot to take their wardrobe home 😅
Porsche are discounting the Taycan by £10,000’s …. High end models getting £25 to £35k discounts…. They are even discounting ICE models - and that’s unheard of in last 20 years - so they are getting worried about economic status of UK overall..
Audi were knocking out 2yr old eTrons for £500 down, £250 a month, free charger, 2 yrs warranty, 2yr term on PCP a couple of months ago.
Our mindset on cars needs to change if we're going help climate change. We don't need to keep buying new cars, just use what you have until it starts to become untrustworthy - then replace it. If I was in that position today I wouldn't choose electric and that's not because I'm anti-EV - I just think it's better to wait for the market to settle down. Oh and I don't deliver milk to households in the morning.... 🤣
Theyll come down in price even more wheb the new Model 3 is mainstream. Trouble is, who wants to spend huge money for an old model
Yes, but what is the grey dot about 😂😂😂
The demand percentage is misleading as its proportional of the total demand for used cars. Yes more people might be buying or looking to buy an EV ,however its a much smaller pool of people overall. If you use autotrader price tracker regarding EVs prices are plummeting even on desirable EV ,relatively new cars have lost huge value and aren't selling fast. I was planning on purchasing an EV as my next car, but market instability has put me off for now.
However, big discounts on most new EV’s are available (as they are on most ICE cars now). Real depreciation isn’t as high as people are claiming. Most £40k cars (Tesla excepted) are being discounted by at least £5K, some £10k) so as long as you’re taking advantage of this, you can get a worthwhile deal.
I still wouldn’t buy a new EV personally, I’d take a one year old.
Paid 23k 8 months ago for a model 3 sr 69 plate now worth 17k 😢
I think the used car market in general has dropped not just EVs but ICE too. Reckon a BMW 335D at 23k 8 months would be 17-18k now too.
What did you think of Harry Metcalf's anti-EV rant on his Harry's Garage recent video?
Gave the other view. Harry had some interesting points. Wasn’t a rant. Harry isn’t anti EV. I am looking currently and experiencing the same price difference. Similar questions. Here is one pro view. It did not make sense for him. Nothing wrong with that.
Range isn’t good enough for me. Appreciate I am not the majority. Needs to be around 500 miles. Depreciation I’ve seen is scary on EVs. Yes higher today on all cars. But I need to buy new, as I buy a car privately but have business mileage. No BIK for me!
@@mikewallace1723 No, it was definitely a rant by his standards. Harry does get a bee in his bonnet sometimes, whether it be about motoring or farming. I'm not sure what was really upsetting him. His points about dealers and EVs was addressed by Richard, a dealer. Harry's point about deprecation made little sense to me as he leases/hires his brand new cars for 3 years, he doesn't buy them at the end. He just hands them back and goes onto another 3 year deal for a brand new car. So the depreciation is not his problem. The depreciation is a good thing though as it makes EVs more affordable to a greater number of people. Vehicles have always depreciated significantly from new the moment they drive off the forecourt, so why should EVs be any different? The more expensive the car the greater the depreciation. The only remarkable thing is that EVs have held their value for as long as they have, but supply both new and used is now outstripping demand ( early adopters gone, covid and supply chain issues over). The smart money has always been to buy a car that is a year old, in good condition and with low mileage. I always do that and I am now actively considering buying such an EV for the first time. I could now buy a very affordable EV with a range of 300+/- miles range, that could recharge from 20-80% in 30-40 minutes, or the times it takes to have a refreshment break on a long journey. Don't forget 300 miles is probably 5/6 hours driving on a motorway in the UK. Then you can hit the road again for another 200 miles or 4 hours driving, making a 500 mile journey. I live in Kent and that means with a single charging stop I could be in the Scottish Highlands or Western isles. Or I could go continental and reach northern Spain, western Czechia, northern Italy or southern Sweden. So tell me, why do you need 500 miles range on a single charge? Which BTW, will be here in the next 5 years with evolving battery chemistry. The ICE is as good as it's going to get, without emission cheats, but the race is on with regard to BEV development and continuous improvement.
One last point about Harry. He had a Jaguar iPace which is quite old technology now, has not been improved, and always had an inefficient drive train in the 200 +/- miles range. His Range Rover was a hybrid, which like all hybrids in today's world of public charging a nonsense. Harry is also in a rather unique positioning that he has, by domestic standards, a massive solar PV array on his home/farm, as well as a wind turbine. Having made that investment in clean renewable energy it is inexplicable that Harry would not make the most of that for effectively free motoring most of the time by charging at home. And if he is worried about the public fast charging network, then buy a Model Y and use the Tesla rapid DC charging network. At my local M2 services 20 Tesla chargers have just gone live, both sides, as well as 20 non-Tesla chargers. The Model Y would also meet Harry's gripe about towing, and all vehicles whether they be ICE or EV, are less efficient when towing. And Harry's only towing around a load of old ICE polluting junk anyway that is only really fit for a static museum or ironically conversion to EV. 🤣
Since your stock is all EVs, my guess is you are hoping that prices are holding up or increasing?
I think people like me aren't helping, I plan to keep my eNiro for at least the warranty period, more likely longer.
I can’t see why anyone would want a new ICE car now.
@@shreeshsaurya4203that makes absolutely NO sense! ICE cars depreciate as fast as EVs & cost FAR more to run
Poor range that gets half of range in real world. No infrastructure usa. Depreciation. No soul and boring af to drive (vs sports car). I own a myp and bolt. Love evs but they r just for utilitarian needs. When I crave to drive I wish I had a manual 911 or viper etc. the ev just doesn't do it. Also on our family trips we take the SUV ice.
Ignorance or personal preference.
@@humphreybradley3060you are deluded,EV's are finished.
@@humphreybradley3060EV’s depreciation is on another level than an ICE car.
Certain EV Vehicles have done really badly, I note you have a 2020 Honda E , that’s not selling it cost £36k new and is with you a £17.5 k, more than 50% drop in 4 years .
Porsche Taycan's aren't selling like your Blue one with high mileage that was going up and down in price week by week. Autotrader removed its price tracker so was this because buyers could see how much cars were dropping each month ? Porsche tried to hide battery faults and bad range by adding some of the battery buffer so you can use more of the capacity. I think the biggest issue is too many ex lease cars flooded the market but a word of warning. Many ex lease cars might have been rapid charged a lot so the battery might have higher degradation and the car would have logged its charging history. Any battery warranty claim could be refused due to the previous charging history before you owned the car as it states to keep the battery between 20 and 80% most of the time and not to rapid charge that often. You also have to use the main dealer for repairs as there aren't many garages capable to fixing EV's. Work on the high voltage battery would have to be done by the main dealer or you risk losing the warranty that is left (8 years from car registration). There are some EV's that link the cabin heater and other car functions to the high voltage battery system so again you have no choice but to use the main dealer.
Yeah till the batteries die & if you have no battery warranty over that period who has to foot the bill ??
Ev have been proven to drive 100 of thousands of miles so it's about the same chance as an engine failure how much does that cost?
You can say that about anything !Your a pro EV campaigner for obvious reasons but that doesn't mean your right !..the evidence is under our noses but your just going to ignore it ! People just want clarity & the truth & they are getting conned !@@Popdog76
@@Popdog76, people can rebuild an engine at home with semi basic skills but you're not going to be able to pull the battery out and replace the cells, if you had a focus it wouldn't cost 10k + for a new engine and from what I have read is when someone has a battery changed under warranty it's not a brand spanking new battery but a refurbed one.
@@ricardo-iw9sqfew would tackle a modern engine rebuild at home these days compared to years ago. Possible yes, but increasingly unlikely imho
@@peejayem4700 yes I would agree with the modern engine but it can be done but no way would some one drop out a battery and replace the cells. may be in years to come but now no.
4 years since I bought my model 3 and still you're waiting for the auto wipers to work? Unbelievable that people still praise tesla as tech leaders when they still can't nail the basics 😮😢
I love Richard and his video but I deal with data everyday and on this video Richard mon ami, you are not being straight. The +82% you see on demand is actually «people looking at EV cars »…the very interesting word is here is « looking » because it doesn’t mean « buying ». This raised is due to the fact that people know that the EV market has taken a deep price cut and they’re looking if they can get a good deal.
Now the Y data is more interesting because it shows you that some model (Taycan, e8, Y…etc) are dropping so much that you can acquire at low price and people are interested to see what the bottom price could be!
In the end model 3, Kona, and others are also dropping…so if you look on auto trader other data sets, especially on a per model basis, there is a genuine price drop with an increase « demand » which is in fact just queries to check the price drop.
You can make data say what you want to say by only showing part of it. It works for everything.
The truth is that EV market in in a deep now and will probably be until May/June when the sun comes out again.
Sorry for the biblical comment!
Oh hell yeah! It's just they've lost so much value, I feel sorry for anyone that bought an EV with cash.
flip side they make a cracking used car
@@peejayem4700 So true! Much cheaper than an equivalent ICE car. Quite bizarre, quite worrying. Buying a new one is like gambling on the horses!
Try telling people, about how bad it is to use them, cos it’s not good,! Just tell the truth, instead of ,telling lies, 👍🏻 be a good man 👍🏻
not a good outlook on 2023 Y to Juniper upgrade
tell us in numbers not % ,please!
Percentages dont mean anything. If I sell 1 EV last month and 2 EVs this month sales have gone up by 100%. If I sell 1,000 Diesel cars last month and sell 1,500 Diesels this month sales have gone up 'only' 50%. But I know which car I'd rather be selling!
Yeah. Demand is still there.. for affordable electric cars
I don't think people are looking to buy one I my self look to see how many are on the market which one are mostly on the market definitely not to buy so I think that is a wrong stat it would be better to say how many brought of the trader that would be usfull
But what about electric cars at the economy end of the market? EUps, Miis, 500es and the like. That bottom end will take off once the home charging conundrum is sorted for flat and terraced dwellers. Otherwise, they remain bargain buys as 2nd cars for people with current home charging abilities.
Tried getting insurance on a Tesla 😢?
guess it depends where you are in the world, I’ve found it a bargain
Buying a used EV is like taking ownership of a ticking financial time bomb...
why? with big depreciation already accounted for and typically many years of warranty remaining on the battery doesn’t seem the worst idea
@@peejayem4700 LOL, you think an EV is going to stop depreciating just because it was bought secondhand.... The first thing secondhand buyers want to know is 'has the battery been replaced' - if not they walk away. Nobody wants to buy a ticking financial time-bomb vehicle.. There are so many ways an EV battery can be abused, undercharging, overcharging, charging too fast etc. It only needs one of those 7000+ small cells to have a bad day and you car becomes a bonfire. A modern ICE will last 20 years plus with very few repairs needed, cannot say the same for BEV
Got a M3 SR+ 70 plate with heat pump for 18k just under 71k miles. Getting a comfortable 225 miles per full charge. Bargain.
Edit after doing a little research my car is an ex company car and was sold onto the dealer I bought from.
I bought exactly the same model used too - great value
The only reason is the big discounts BMW ,Mercedes scrapping EVs going back to ICE or other models -big fines if not sold enough EV based on turnover -avoid at all costs until until better charging and range over 500mile real world instead of 200-250 miles. Tesla prob best option the rest well over priced -losing your shirt and your house Tycan lost 80 k 90k in 30 months
When Putin turns off the pipelines to europe, fuel prices will rocket! Used EVs will increase in price and more will enter the resale market. All that needs to happen, is for their new prices to drop/be subsidised and they’ll be in demand again, as seen during the Covid chip shortage period.
If Russia turns off the taps, how do you think we are going to generate all this electricity? Over priced lng from the USA?
@@stephenparker5272 Wouldn’t you rather invest (with subsidies) in Solar panels, a home battery and an EV?
@@LysanderLH none of those is available in the UK
@@stephenparker5272 either you don’t know what you’re talking about or you’re just making up any old crap to say.
My experience. Bought a M3LR in April from Tesla direct £36k with grey and white seats with 17k on the clock. They throw in AEP and an extra year standard warranty so 5 years in total and 60k miles. Battery and drivetrain is still 8 years.I do think that I bought to early into the EV game looking at the anti EV comments and articles in papers some of which are true. EG non Tesla charging which is atrocious. Anyway lets look at costs. I am doing c. 12k per year and saving . £2k per year on fuel, and I base this on a 40mpg average that I would get out of an ICE car of this performance. I also save £1k a year on home electricity as I have batteries (and Richard looks like he will talk about that soon) and thus charge overnight for home use (EV only tariff - btyw Octopus did check that I had an EV, they wanted proof from me. My insurance has gone up to £800 vs £600 that I would pay for say a similarly performanced BMW M3. My current thinking is that the heavy depreciation I have suffered in my first year. My guess is £10k will now slow down and in say 3 years time when I intend to sell the car I would expect to get c. £12k for it. So my calculations are this; Depreciation £24k - 4 years of savings of petrol £8k, 4 year savings of home electricity so £4k, Servicing savings of say £500 a year = £2k, Insurance increase over period say £1k so 24-8-4-2+1 = £11k net cost of ownership. Which over 4 years of ownership equates to £2.75k per year. Or £229 per month. For a performance car ... and I use it... I dont think that is too bad.
I may even be a bit heavy on depreciation tbh - I mean what can you buy for £12k these days that is 6 years old with say 60k on the clock with this performance - actually nothing. I looked through the trader and the ave cost for a BMW 435 BMW grand coupe is about £18k. So perhaps I would get £15k+ at 6 years old. If that was the case then net cost is c. £8k and thus £2k per year. Yes If I sell it now I will be nursing a loss and wished I had waited until Jan this year to buy an EV, but I am where I am and its not that bas IMO
There are a lot of small EVs coming on the market now the leases taken out in 2020/2022 are coming to an end.
I’ve seen Zoe prices drop about 10%.
Unfortunately the cost of charging, for those not able to charge at home, is a real concern. I like the Zoe because I can charge at 22kW at 30-40p/kW but things that charge slow on AC and need to use rapid DC, the 8p charge is a killer.
ChargePlace Scotland used to be free but now the cost is pushing people back to ICE.
My friend is a car dealer he will never buy an EV again he couldn't sell it no one wants them
Experience based on one vehicle model leads to conclusion based on entire market?
people dont want them after 180.000km..
How many have you seen for sale with 180k km? With virtually no moving parts I’d rather have an ev with that mileage than an ICE car with far more things to go wrong!