ARE USED CAR PRICES FALLING IN 2024 ?
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- čas přidán 2. 04. 2024
- Hi guys, in this video I talk about used prices in 2024, are prices still coming down and what's the used car market like currently
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Hardly anyone I know owns their car except for me.
My Rover 75 owned since 2007 with 210k miles still going strong.
Saved me £102,000 by not opting for a crazy lease package.
Seriously? Are people this stupid/desperate/vain that they insist on paying through the nose for a bloody metal box on wheels? Jeez I've only ever bought my cars outright. I don't care about the badge on the front as long as it gets me from A to B. Currently riding around in a 12 year old civic that has been ultra reliable, serviced at home by myself and has nearly 180,000 miles on the clock. Original cost in 2018 was less than £4k.
And I'm someone who is in the upper tax bracket. Fuck knows why anyone would be gullible enough to want to spunk a chunk of their monthly pay on a bloody depreciating asset!
Correct!!!! I love bangernomics
Driveway Ornaments 🎉
I own 2, and most of my friends own theirs. Sounds like you just made stuff up.
2006 citroen diesel 227k on clock had it 8 years and paid a fortune for it (£100)...... Still going strong
A ten year old car with 100,000 miles used to be worth around 10% of it's new price. Those days have long gone.
Genuine question-Are they worth more or less now?
@@davidworsley7969 lots more. Especially if you are looking at German metal.
I’m guessing it’s unwillingness of buyers to take on finance on new cars, particularly as finance isn’t so cheap anymore with higher interest rates. I think it’s a good thing, it was ridiculous a few years ago when you could get a perfectly good working car less than 10-years old for £300
You’re 💯 percent right. My 3 series is 10 years old now. Bought it for 20k and Carwow and autotrader say it’s worth 9k
I remember selling cars ten years ago, e.g. 2011 passat sold in 2014 for 13k, the joke is a 2014 passat is now selling for 10k lol.
Prices can't go up they are already crazy and have been for a very long time , never known the car trade to be like this in 32 years I've been in the game . EV only my opinion but don't think it will ever work . Excellent video Lee as always 👍
Not to mention interest rates. Its like buying a car on credit car rates!
I ended my new car lease late last year and brought a 1k car - works out a lot better in cost terms
Great analysis - factoring in geopolitics, economy, gov incentives and personal budgets too.
Thanks Lee for the podcasts something to look forward to especially the auctions 👍
Hope so, way too high right now
Should be interesting. 👍
Not here in Portland Oregon price's are still very high retail plus 1000 at auction
I think you are in the right sector with the cheap stuff Lee , how can EV sales take off when the charging infrastructure is still not in place?
I run a diesel and an EV. Anyone who only does local miles and wants cheap motoring would be mad to ignore a cheap used EV. Fuelling at home is cheap as chips. No Tax. Lower maintenance costs.
We’ve not even seen an insurance rise on ours.
Fully agree, we have a diesel and an EV. OHME charger fitted, overnight charging and its litterally peanuts. 250 mile range, covereved 840 miles since beginning of Feb and its cost £16.56 to charge. Its a no brainer tbh in the right curcumstances. @@jonstevens5962
For those who can charge at home or only makes short journeys, they might buy if prices fall enough.
There is a lot of charging infrastructure in place with lots being added all the time. It's a myth that seems to be kept alive and repeated by people who don't drive ev's.
@@jonstevens5962Cheap EV means what though ? Certainly not 2k. Still way cheaper to buy a Fiesta or Corsa.
Great video Lee thanks for the information
In the past I have seen a connection between the scrap price and the world economy. If the ass falls out of the scrap then six weeks later there's a stock market crash. I have seen it twice. Scrap falls, smart money sells shares and buys gold. Hey but that's just my theory. Have a good one Lea Cheers Jim in NZ.
Thanks for the update.
I like the 2 000 to 5 000 cars you are selling and your thoughts and considerations about market in general and specific older products and why you prefer to buy these like the VW polo from 2005 or so where you explained the quality they still have while the polo competitors of that era have already been scrapped sometimes years ago. great one even though not much relevance from central european market but for sure regarding reliability.
Hey man! Just wanted to thank you for your coverage on the Ecoboost situation, I sold my fiesta recently over the anxiety I used get while on the road, replaced it with a reliable cee’d to keep me on the road safely.
The 1.5 ecoboosts are decent its just the early 1.0 that have issues with the wet belt
@@Rhino11111111 unfortunately mine had the 1.0 as it was the Mk7
Top man keeping the value end going. Never say never to the cheapie EVs. Nearly time to get a plug socket in the yard 😂 Sure some can sound off putting with all the media hype but they seem to lasting the test. Loads of cheap runabout I-mievs, Peugeot iOn, & Citroen c-zero under £3k now. Simple nippy go-carts. Old Zoes are fairly reliable not major issues with batteries plus loads of Kia e-souls starting to knock about.
Inflation is one way for many things. Houses, fuel prices food. My cars are getting old as I have a 19 year old Mondeo 2L petrol estate and a 2010 Piccanto 1. The latter is like new to me with less than 60K miles. But Mondy is about finished. Could not justify the stupid EV prices but perhaps a hybrid? You never seem to deal with those but probably too dear for your customers. You give us a real insight to what is going on in teh trade keep it up.
Good chat Lee very clear. The EV second hand market is more of a concern. Recession is just around the corner so car prices will be hit
It's about time they came down,there is alot of old bangers at ridiculously High prices from traders and private sellers , personally I will keep my 2017 reg car and keep repairing it as required for as long as possible, its cheaper.
This is exactly what I was looking for! Used car prices have been all over the place and it's been hard to know what to expect. Sounds like things are starting to stabilize and there might even be some deals on EVs coming up. Definitely going to hold off on buying a car for a few more months and see what happens.
i think people generally are seeing evs as not the future theres firstly range anxiety if you can find a charger and the time taken up to charge then theres the 2nd hand values and battery degradation plus battle for affordable insurance plus etc etc etc
if it kicks off in the middle east oil is going to go skyward its already creeping up to $100 again so i think your in the right place but do think your going to get a lot more competition or at least dealers offering the same product low tax high mpg and affordable entry point as i dont think we are done with inflation at all
keep up the great vids one of my favourite channels
We haven't got the infrastructure in place as far as charging goes and it's far to expensive to do it roadside.
Yes i agree with you . A drop has to cos price of 20 plus jeeps cars . To high . But think your spot on . But still no money out there .
Excellent overview, from geopolitical factors, to potential for recession, the potential (or not) for EV's, with fascinating insight to market drivers at the lower end of the trade. All in less than 10 minutes; much more insight than the BBC! My twopenny's worth: ICE cars have a long way to go, and without the risk of hugely expensive battery issue making a vehicle worthless. I see ICE vehicle prices staying firm fior some time yet.
If the government gave some large incentives for EV ie big subsided kickbacks, large solar panel discounts you would see people gettibg on board ; no chance at the moment. A big chunk of people just havent got the spare cash
Luckily lee you do the right type of cars and price range so hopefully things stay the same for you👍
Good i do hope car sales prices fall house prices are falling and comsumer prices up get rid of the dodgy car dealer cheaters and hopefully people can afford to live
More good insight Lee into what's going on in the car trade 👍 my daughters Aygo is getting difficult to get into gear I know you mentioned it in one of your videos! Any advice
I'm definitely finding it worthwhile to hold on to my car and fix up as required rather than part ex it in for something newer and pricier. I did consider when the market was in its low point but interest rates still too steep and running a 14 reg with low running costs (free road tax, economical and big hatchback) make it sweet spot over standard rate tax, badge engineered SUV etc
£10k+ cars are struggling big time there are very few buyers and people are shying away from taking finance due to the high % interest rates on car loans. Majority of people seem to be keeping their cars longer and clearing the debt. Also many people now buying in cash not finance across all price bands
Hello Lee. Thanks for your views on the car market. I drive a 2 year old Volvo XC60 which I leased over 3 years from new. I can’t wait for the lease to end next March. I only leased this petrol/mild hybrid as I needed a bit of power to pull our caravan and, because of the COVID issues, there were very few alternatives and even fewer diesels, my personal preference. The Volvo struggles to do 30mpg when doing normal driving, just over 20 pulling the caravan. I therefore decided to look for a second small car for my wife so we could use it for short journeys and try to save some money.However, in my area there are no dealers I know well enough to trust and if I look at used cars from main dealers, they are invariably expensive, warranty is an extra and they are happy to sell cars without full advisory free MOTs and with poor service history. I wish i lived closer to you!😮😊
I have driven Petrol Mercedes since 1999, when I got an E200 7 seater estate. it was about 5 years old when I bought it for £8500. I kept it for 16 years and while friends and family alike slowly took the lease route, I went the auction route. I bought a ten year old C320 in 2013 for £1900 plus auction fees down at Paddock wood and sold it two years ago for £1200 to a lad in the next town. Great car.
I decided to play safe for my next car and got a ten year old C180 at £11800 plus £600 for Gardex ( bag of shite in my view). I had a 12 month Mercedes Warranty that meant nothing. I still had to pay for a repair on the Turbo oil feed pipe. It gave up the ghost at 60k miles and needed a new engine. I had brought it back rattling after two or three months but they could not find the problem. The dealer eventually took it back out of good faith, although I had consulted a legal view and it did not end up in court. The point I am running away from is that the prices of cars are so much dearer now. I pray that they come down and people can get good cars at reasonable prices. I am presently driving an old X reg E class that I bought at a point in my life where My C320 had a problem. I bought this car at 39000 miles for less than £2k its 20000 miles older but it is worth more than I paid. Car prices are still just a little bit crazy
A lot of good sensible chat here, all makes sense.
A bit out of your normal price range of cars but any idea on my predicament? I bought a Corolla hatchback a year ago, 2022 plate cost 26k (was showing on Autotrader around 1k below market average) the estate version was ball park 1-2k more for the same model etc. I have only done 3k miles since, was looking to basically get around the same year/mileage but an estate version of the Corolla. I was surprised to see the estate had only slightly dropped, like by 1-2k but our hatchback had dropped a fair way more, part ex price around £19,400 (I know part ex can be roughly 2k difference from retail). So if I was to change would cost around £5,600 which is crazy🙃.
The cheapest audi r8 16 months ago was 35k, now they are 25k . Make of it what u will
I make that a price drop of 10k
I sold the new Polo GTI Plus I picked up at the end of the first lockdown and I’ve been running a tatty old RAV4 for a couple of years now, I know I’ll never repeat what I made out of that again but I’m hoping there’s still a bit to come out of the more premium 2nd hand market and then I might take the plunge again.
Very interesting video I for one will never own an electric vehicle as I am getting on in years I will see my time out on petrol vehicles.
Sorry to harp on but I really want to see you go over the focus and c max you bought at the auction a while ago . Thanks again for a great video I always look forward to your videos they are great to watch .
Cmax is awaiting a clutch but i will cover it soon, the focus I have just sold (taken a deposit) but is having a cambelt, will cover it in my next update for you alex 👍
Bought my very first sports car (a nice Maserati) for 18.5k in 2022, after a lifetime of owning lemons. Lost my career so have to sell it and now it's worth about 11k.
EV is ok for local runs etc but not for any distance where timing is involved, not for me.
Am car dealer in the Isle of Man
The market your in is the best to be in
Think cars will fall a lot this year
I am Australian and the major scrap metal buyers refused to accept steel during December to feb. I have lost track since then but i would not be surprised if that is still the same. The next big thing will be copper as China is buying up as much as they can and no new mines seem to be opening.
I am fortunate as my daily driver is nearly 25 years old (it is a wagon version of Hubnuts car) and has no rust and nearly 390,000k on the clock but has been well maintained.
Petrol Cars are what a lot of people want and not hybrids as they are not the same as a Petrol car. I say that as the owner of two petrol cars. I had one of my cars serviced recently and was given a Mazda 2 Hybrid which is Mazda's version of a Toyota Yaris. Whilst it drove ok it is not the same as a petrol car. It has it's quirky things such as you cannot sit with the radio on when are parked for more than twenty minutes because it drains the battery. Why Volvo gave up making Petrol and Diesel cars amazes me. Thanks for your insight Lee always interesting.
Is that a Mazda thing with the radio? My wife’s Lexus hybrid doesn’t have that issue.
Hi Lee im off to my local car auction tomorrow in Leominster fingers crossed for a cheap car. I love the auctions but need to keep my hands in my pockets! 😅
Have fun 😁👍
Hope it keeps dropping
Some of the prices at BCA are mental , I had a 2011 kia venga in my watch list, 1 owner car with only 11000miles , grade 3 so wasn’t completely immaculate, I had a figure of £2800 plus fees in my head, it made £2000 more than that. So realistically the trader who bought it needs to retail it at £7000 minimum . Looks very expensive for a 13 year old run of the mill car.
It does
I think ICE cars will be on sale for at least the next 15-20yrs and be sold second hand for another 15yrs after that ! 😁
Reality is that you won’t be able to buy a new ICE after 2035. At all. The law is already in place, even if it was pushed back to that from 2030. The car manufacturers have already committed their spending years in advance and have said they won’t be building much at all after 2030 if at all. That was the original date they were set and have aimed for. Added into that is the ZEV mandate for minimum zero tailpipe emissions sale % increasing year on year starting at 22% this year.
@@salibaba You believe that if you want - you don’t know the ‘reality’ any more than the rest of us. It’s just opinion. Anything that’s already in place can change and it probably will
People will buy cheap cars until inflation, fuel prices, food, and interest rates all come down. EV's are too expensive brand new, and not really worth it till the infrastructure is there, Great video and content as always.
Exactly this. As a business owner I see less and less spending by my customers as they are really up against the wall financially
I have 2 Aygo s. Great cars
apologies mixed up with Hollywood Blockbuster Argo - Enjoy
Lease scheme at work the ev cars are now all the top 10 cheapest available . So ev cars being put up really cheap on deals . Lot lot cheaper than petrol /diesel cars
Long term I think car prices will continue to rise as manufactures move over to electric, the buying public will be fighting over a smaller supply of petrol cars this will keep secondhand prices high.
I have vauxhall omega elite and going strong has all the fancy bits on it for a car of the year 2000 I'm keeping it going as nothing appeals to me in modern car as debt and depreciation
👍 Loved a omega in elite form
I’m keeping an eye out for used cars and I’m noticing there’s seemingly a lot less for sale than a few months ago (I’m looking at 69-70 plate cars so maybe it’s more bc lockdowns meant less people were buying cars)
Its alright going for cheap run around but if you dont know what to look for on cars in can come back to bite you in the arse and end up paying the same money as a new one would with big ticket thatll need doing.. i personally know what im looking for so ill cut out the middle mans profit margin and put it into the car getting it how i want and knowing all the essential maintenance has been done
I believe you are in the safe zone of market changes.. Prices are high, too high but there are still enough buyers.
I for one purchased a Subaru Forester as a 2nd vehicle and as a vehicle for towing .. I am forward planning for when it will be difficult to get a sturdy 4wd vehicle. EVs will never be off road tough tow vehicles..
It doesn't help when small new cars are getting rarer and going up a lot in price partly due to all the passive electronic safety aids they are having to be lumbered with. Some have said it's lucky the UK is RHD since equivalent used prices of LHD cars on the Continent can be much higher. People might not like Chinese EV's but at least they are putting downward pressure on EV prices as they come into the UK market. I can also see a blip/uplift in the demand for used hybrids. The market is also becoming distorted with new drivers wanting automatics and the increasing cost of repairs meaning more older cars are getting scrapped. It's also interesting that the average age of motorbike owners is now late 50's - long gone are the days of young lads starting out on mopeds/bikes before upgrading to cars.
👍🏼👍🏼👍🏼
Still not enough stability and confidence in the job market as cost of living keeps rising and recession. Unless you're well off people are sticking with what they've got or downsizing. Maybe change of Government will create a feel good factor later in the year.
EV lease deals on some cars appear very generous at the moment versus PCP , Tesla sales down even Chinese too. This will bring big discounts over the next few months but of course that’s just my view👍
Subscribe-Like-and - share. 👌👍👏🇨🇮
A prediction for the Summer - a lot depends on the Bank of England interest rates. But, like you say cars are secondary and good cars might be hard to find? 🤔
Considering Feb and March new car sales have been massive there is going to be a massive increase in second hand cars and that will only mean one thing. Feb sales were the best since 2004 and March smashed it out of the park I reckon more price cuts.
Can't see ev prices firming, the manufacturers will be desperate to sell them to avoid government penalties
Good video, but you didn't add the fact that Cazoo are about to flood the Market with all of their cars at Auction and what effect that will have.
Finally sold my wife's 2013 Audi TT. It took 9 months! The buyer was the only person who came to look at the car in that time!
Price?..🤔
@@Ology3121 we got £9250. It had 46k miles. Very clean car.
@@Ology3121probably was asking for retail money as a private sale that’s why 🤣
ULEZ has something to do with it? London was hit hard with cars below 15Reg as I speak from hard experience. I lost half the value 3 months.
Don't see how car prices can continue to increase or even stagnate, given that household budgets continue to be squeezed by rising utility bills. Would imagine more and more people will be unwiling to part with their current vehicles, surely this will force dealers to sell fewer cars at higher margins which does not seem to be a sustainable practice in the long run. To put it simply car buyers are increasingly broke, and broke people dont buy expensive cars and since most cars are now expensive, thats a lot of cars not gerting sold. Eventually somethings got to give.
Bet a lot of ice cars wished they never enticed into scrap page scheme. My car 17 yrs old and waxoiled. Hope to keep another 10yrs. Spares readily available abd easy diy
Needs to be more of an incentive for EV's than there currently is, things like free parking, free city centre charging, no road tax, cheaper insurance etc, it wont take off based on the current model, they have a place but we are miles off fully converting over
I don't see how EV's can ever fully replace combustion engines. My area is predominately terraced housing without off road parking. Charging would be a big problem. I'm not against them at all, but even if they drop in price dramatically, the practicality just isnt there for a lot of people.
An EV is about as appealing as a going to Macdonalds.For me its a definite no.Great video Lee.
BYD electric vehicles will be everywhere in the UK as there are some big money investors in the company
More and more cars in the auction will be EV's but it may take 5 or 10 years for the majority of people to be able to afford an EV car within the 2 - 3k price range but some van manufacturers have stopped making diesel vans and gone EV only etc petrol stations will go bust as more people go from petrol and diesel to EV etc
EV no chance for me i hate those things
but in 10 years or at the end in 20 years you will drive one or go by feet.
Take a bike and ride that without battery or with and you will realize how convenient the drive train can be. But no one will force anyone cause the manufacturer have already decided that they can not make profits from ice cars with the huge efforts needed to clean the exhaust. We do no longer have cheap ice cars due to that. And it will continue while EV will get faster charging speeds, bigger batteries and more range. Also the prices are dropping so at the end you will end in an EV but maybe you do not like acceleration.
I love my old V12 roadster but I hate to see the huge maintenance bills and increasing unreliability and even though it has 500+ PS my EV is accelerating and outperforming that roadster every time - sad but true. And forget about the sound cause it is 1.5 seconds slower from 0 to 60 than the EV.
If you hate it then you might no have driven one and the last one who had said that or better the last 2 buddies that are ice mechanic had been turned around in a ioniq n which si a sporty one with engine sound and acting like a golf RS with doubleclutch gearbox , so it has a motorbreak when you shift through the gears by using pedals. These boys started loving cause they had gotten the full emotion they had been missing even in model s plaid. But they were completely convinced after a 30 minutes test drive and did not even wonder about range or what not cause the fully adoption of a manual ice behaviour similiar to a golf rs has caught them on the wrong food, they could not believe that acceleration and the fraction of the second when the clutch separated the drivetrain / gears and pushes your body.
They could not believe it - so at the end you will end up in an EV and learn slowly why they are so much better overall - and I had been working for the oldest car manufacturer for about 2 decades in hq and the plants, had contracts with the competitors like Audi and Porsche but all are full ahead into electrification cause that is the only way to make profits again and it is about to achieve the transition before the chinese arrive which can not build ice cars and never could, but EV is a different story.
@@typxxilps
But if You open Your Eyes........
You're from a nation of Oxygen thieves that *Go to War for Oil*
Whilst preaching We went Nuclear for a Cheaper alternative then sold the Power plants to the Enemy for an out of state Price quote 😂😂
@@typxxilpsgeneric EVAngelist response, like a novel,,, if you drive one,,EV’s are brilliant,,blah blah yawn.
@@typxxilps Yeah, I can drive 500 miles in my 20 year old car without refuelling , try that in any EV. Your stories about mechanics are nonsense,
EV's are not selling, I was in the trade 30 years, the reason they're coming down is dealers won't PX them, they avoid them like Herpes.
@@nigden1ev's are selling, there is an increase in sales year on year if you actually took the time to see the facts.
Road tax for ice cars vans etc guaranteed increases.
UK car prices are a but bizarre I think because of the EV market that's taking up new car purchases & they are becoming unwanted as like America
So used cars are becoming more valuable & more likely to be kept on the road longer instead of being scrapped
I was shocked to see diesel went up today buy 8p
I can't see electric cars doing well this year,not enough charging points and very damageing to the environment to mine the material for the battery
Range Rovers still seem a hard sell the old ones 2003 to 2005 I have seen for £2k to £3k the newer shape 2014 to 2016 I have seen lots on the trade pages from 11k but they are unreliable and expensive to repair. I have just bought a 2016 cayenne off a mate of mine with £24k of extras I paid £23k for it with 66000 miles, seems expensive compared to a RR but see how it goes
Evs are declining, tesla sales have dropped according to shares market ,they can't keep dropping prices as nobody wants to commit to buying one and then the price drops next month.
I paid 1800£ for my 57 plate Astra in 2017 ….. it’s still fetching 1200…1500 for the Sri model I have ….that’s crazy it’s a 500£ car at best
Interest rates hopefully come down 3rd quarter 🙌
Hope so
I wouldn't count on it
@@JeffersonHumber Rates will show possibility of dropping around June and drop by 1% by the end of 2024 if the world doesn't go on a mad one.... See you here in December 😂😂✌️
Good stuff Lee, biggest problem in business at the moment is the rise of the Minimum Wage two years running !
We recently bought a 1.6 petrol Audi a3 for my son’s first car. Pre covid it was a £4K car we had to pay £7k. Prices are crazy
Car prices are two high and insurance premium
agree about insurance prices, very silly some prices currently
M140i lost a fair bit sad for me.
Yes the demand for a 140i is so small if you think of the costs of such a car. Just putting fuel in the damn thing.
I feel your pain😢
How long till the cost of petrol & diesel come down due to the lost sales to ev vehicles…
DID THE BIKEMAN PAY
Not yet, car is still in prep should be going out this weekend all being well, will keep the channel posted 😁
Not yet, his car is still in prep. will update the channel soon 👍😁
I heard he had a problem with inflation. Both tyres punctured and someone nicked his pump.
If he turns up on a unicycle juggling balls I think it's fallen through..🤔😂😂
@@Ology3121 He's probably the sort that will come back and complain the doors don't fall off. If he wears long shoes, has a red nose and keeps squirting you with a plastic rose in his lapel he's definitely a wrong'un.
How many people with electric cars are regretting having one, and can't wait to get rid. Cars not many years ago with 100000 on it were not really worth more than £5000, but dealers will tell you don't worry they can do the miles, problem is for the used car buyer they have ready done it and in a lot of cases there not doing it for much longer before theystart costing big money.
A recent survey says only 1% of EV owners would ever consider going back to a combustion car. It really is like saying you want to give back your smartphone and go back to a Nokia.
I need a new car but I am so poor I can't pay attention. What am I to do
lee online valuations why do they value your car say at £3000 then offer to buy it for £2000 then sellers think that the online valuation is what there cars are worth auto trader for example
EVs are definitely coming i personally i wish they weren't but talking about scrap cars i own a Peugeot partner combi 20hdi which is a crank no start on internet they are selling topdon ad500 twenty percent off are they capable of starting or telling me what is wrong and do live data iam not sure if iam supposed ask things like that but I don't know what to do thanks
some people will only drive nice cars just for street cred.
I have an EV I tried to get a long range EV but the part exchange price for my car is literally taken from we buy any car unprofessional from the dealership to devaluate my car like that
I thought you were a specialist Volvo estate dealer now?
I’m looking for a Land Rover Evoque16 plate plus , does anyone know the money I’m looking at for auction at 60 k miles?
EV do not deserve a place in the market place we do not have the infrastructure in the uk ! you live in a terraced house with no drive how do you charge-up? you live in a block of flats how will you? Hydrogen and or synthetic fuels are the future!
The future is what they say it is!
lee do you think the petrol and diesal car prices will crash before 2030 when they stop making them
No I don't see it, although I think prices may become more regional as other larger citys bring in clean air zones which will move older cars into the less urban city areas.
I can see petrol & diesel car prices going UP. They’ll attract a premium 2nd hand as new ICE will climb in price and become more unaffordable.
Paid £1,295 for an E Class Merc 15 months ago, best money that I ever spent, what a way to get about
amongst my group of old boys all around 60, we've become increasingly distrusting of two of the biggest 'positives' to come our way in recent years, namely EVs and Reform UK. neither seem to be what we thought they were.
as you've shown on this channel Li, the battery lifespan has a massive impact on resale values. on Scotty Kilmers channel he's always pointing out the combustibility of EVs and Harry of Harry Garage fame has gone back to a diesel because EVs don't make economic sense. add to that a complete lack of infrastructure and motorway charging stations being powered by diesel generators (what's the point in that?) our group will be holding out far longer before we make the change.
I think my group of 45 yr boys would agree with those points. Why vote? Don't trust EVs. Don't trust Reform.
Scotty Kilmer is in a completely different market in the US, apart from being as mental as a bag of hammers. Our EV market is much more mature (and not even compared to some like Norway, Sweden) and less Tesla centric compared to the US.
@@salibabamy reference to Scotty is regarding his accurate referencing of EV combustibility only. he may be a little excentric but he's very accurate unlike many others out there.
we can't compare the UK with Norway. they have an abundance of hydro-electricity with a relatively small population, so no need to run diesel generators at EV charging stations.
@@thatcheapguy525 where has this happened? It’s not normal. I’ve never once witnessed it on a working unit. I’ve seen it once at a motorway services but the new units were still fenced off and the cabinet was hooked up to a diesel genset to allow them to be commissioned while they waited on the grid connection being connected up to the substation.
@@salibabaplenty of EV fire videos on YT etc.
No EV for me .
Took my Lexus is250 2009 5 months to sell as people want it free. Sold to Turkish guy who took to Cyprus
I don't get EV cars, I maybe old fashioned and set in my ways but all I can see is, the more people buy them the more problems it creates.
Should be interesting, but not for me!! I only buy, or even lease, new vehicles. My next one will be a micro camper on the Vauxhall Combo Life Electric.
Prices are going to come down, as they are still too high. But not in your sector. Am still holding on to my Peugeot 206 I got in lockdown for £580. I’ve got cash to buy a new car but am. It paying these ridiculous prices. Also I’d say that we are likely to be in a world war soon. As you say lot’s happening around the world.