Team-BHP > BHP India > Electric Cars


Reply
 
Thread Tools Search this Thread
Old 2nd December 2019, 18:43   #1
BHPian
 
ChiragM's Avatar
 
Join Date: Apr 2018
Location: Bangalore
Posts: 627
Thanked: 5,268 Times
Default UK: Some used Electric Cars are appreciating in value

According to a study conducted in the UK, the resale value of some used electric cars is increasing.

UK: Some used Electric Cars are appreciating in value-renaultzoepluggingin1024x674.jpg

Data consisting of the four most-searched electric cars was examined for a study. It included electric cars like the BMW i3, Nissan Leaf, Renault Zoe and the Tesla Model S.

The study shows that the value of 2015 models of the Zoe and the i3 has increased, while the value of equivalent combustion-engined cars has gone down. Between January and November 2019, the value of the Zoe increased by 14%, while that of the i3 increased by 1%. Values of equivalent 2015 Ford Fiesta and 2015 Mini fell by 13% and 14% respectively.

Name:  car gurus data.jpg
Views: 781
Size:  130.0 KB

Even for electric cars that lost value, the depreciation is not as much as that of combustion-engined cars. During the same period, a 2015 Nissan Leaf's value fell by 9%, while an equivalent 2015 Volkswagen Golf lost 11% of its value. A 2015 Tesla Model S depreciated by 16%, while a 2015 Mercedes S-Class lost 22% of its value.

Link to Team-BHP News

Source
ChiragM is offline   (6) Thanks Reply With Quote
Old 3rd December 2019, 08:19   #2
GTO
Team-BHP Support
 
GTO's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 55,025
Thanked: 141,338 Times
Default re: UK: Some used Electric Cars are appreciating in value

. A very unique article, thanks for sharing.

New car prices are set by the manufacturer, but used car prices are set by the customer! Clearly, interest in EVs has shot up, especially over the last 2 years. Can think of a couple of other reasons. First, the used market offers affordable EVs (new EVs are still overpriced). Then, because of the relatively lower sales, supply of used EVs remains limited.
GTO is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Concerns over the resale value of electric cars PrideRed Electric Cars 22 18th November 2019 10:55
Entry level sedan with some snob value mohandas Sedans 39 19th January 2010 23:25
IDV value for a new car - Only 95% of ex-showroom value? kuttapan The Indian Car Scene 9 21st July 2009 15:27
The value for money SX4 now even more value for money-I map navigator free ram_hyundai The Indian Car Scene 20 23rd October 2008 11:23


All times are GMT +5.5. The time now is 08:18.

Copyright 2000 - 2019, Team-BHP.com
Proudly powered by E2E Networks