If you consider that there has been inventory for many weeks now, if they can't sell 50 cars a month, then thats not a rounding error.
Like he said though, they probably just unhide inventory as some get bought.
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[UK] used value of their Tesla cars plummeting?
- Thread starter Ricecooker
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Like he said though, they probably just unhide inventory as some get bought.
Looking at more established EV SUVs released 2018 and 2019 like iPace and Etron, they've taken a huge residual hit recently. Ballpark, just like ICE cars at about 50% drop after 3 years.
Newer SUVs like MY, Skoda Enyaq and ID4 are holding up well at the moment, but likely to go the same WAY after 3 or 4 years IMO
When you only produce 5 colours, 2 seats and 2 wheels, 50 different cars covers the range. They are hardly likely to publicise that they have 10,000 cars at Avonmouth are they?
They need to get orders for 1.9m cars this year, an increase of 800,000 from last year, to cover their anticpated production capacity. Yeah, right.....Not unless they give up at least half their current margin and even then I think it would be a stretch
No I didn’t proceed with the Y. Still have my 3Why do you ask? you've only just bought a Y haven't you ?
I see. Thought you did as remember you asking about model Y wheel covers a couple of times. Did you not use make use of the 20k loan you took last year?
I fear any discounts now won't work well for you and you lost the golden era of pre price rises and high prices from the likes of WBAC. Im sure you had your reasons. Good luck
Undecided_2
Member
Fair. I suppose a 50% drop after three years is typical for most cars. The supply chain issues have thrown a curve ball but it will be sorted in a year or two and then I’m sure there be a big correction in used car prices. The fear of battery degradation and people believing they need a huge range on one charge will have an impact.
I’ve never been one to think of a car as an investment, so have very low expectations on used value.
I'm with @Undecided_2, I expect a drop in value and 50% is indeed about right after 3 years - but does no one consider the pleasure of having and driving the car as a value?
You've lost not a penny until the day of the sale and used prices fluctuate so much. If you bought a 2019 LR model brand new and sold last year you would have made a huge profit (circa £45K - £48K)- but back in 2019 the buyer had no idea of that and would have expected circa £20 -£25K in normal times.
I see cars as my hobby, all hobbies cost money - but hobbies bring so much joy into your life - so to me its worth it. Once I've spent that money on buying a car its gone - its dead money - forgotten about. Everything else I've bought, apart from a house brings nothing back, like a suite, or white goods, buy them, use then scrap them. Holidays - thousands of pounds and are forgotten within a month of returning home, apart from the posed photos showing your having a wonderful time, I don't like holidays as I see them as completely wasted money - no value - but each to their own
I don't buy a car to trade up and make money, I'm not trying to work towards a Veyron or Bentley, cars just satisfy my desires at the time, and pleasure always costs something money wise.
You've lost not a penny until the day of the sale and used prices fluctuate so much. If you bought a 2019 LR model brand new and sold last year you would have made a huge profit (circa £45K - £48K)- but back in 2019 the buyer had no idea of that and would have expected circa £20 -£25K in normal times.
I see cars as my hobby, all hobbies cost money - but hobbies bring so much joy into your life - so to me its worth it. Once I've spent that money on buying a car its gone - its dead money - forgotten about. Everything else I've bought, apart from a house brings nothing back, like a suite, or white goods, buy them, use then scrap them. Holidays - thousands of pounds and are forgotten within a month of returning home, apart from the posed photos showing your having a wonderful time, I don't like holidays as I see them as completely wasted money - no value - but each to their own
I don't buy a car to trade up and make money, I'm not trying to work towards a Veyron or Bentley, cars just satisfy my desires at the time, and pleasure always costs something money wise.
Jason71
Well-Known Member
Given the state ( and cost) of public charging at this point in time I am not sure they are wrong if they plan to do regular long journeys in the UK over the next few years.
Undecided_2
Member
Especially, those that do not have a home charger. The government needs to remove the ridiculous 20% vat on public chargers and invest in more charging infrastructure.
However, stats that I’ve found is the average daily journey using a car in the U.K. is ~ 20 miles.
I’d happily have a 150 mile range if it charged fast and there were plenty of chargers. We do a long travel trip ~ 1500 miles once a quarter. We’re about to do in a few weeks so it’ll be interesting comparing the cost from our last trip.
Jason71
Well-Known Member
They have the worst of both tbh. Inefficiency is crap without electric charging to balance out mpg on small journeys. Otherwise the car is just wasting petrol to lug around the motor and battery etc
I tried telling that to someone I know and they were really sold on getting electric...When he went to the dealer and they done him a very, very good deal for a new hybrid
. I honestly felt like telling what a muppet he was but he was my manager at the time...still told him he was silly though
Yeh for small journeys they are good same as normal bevs. They aren’t good for long journeys just like bevs aren’t now due to electricity costs at rapid chargers vs petrol
Again that is a gross simplification.
If you are able to charge at home, even if you then have to use a rapid charger to complete the journey, you are almost certainly going to spend less than something using petrol or diesel.
I dont know what Im missing here but here is me thinking "we will agree to agree"
As for " inefficiency is crap" = thats bad.... "inefficiency is good" = thats also bad...Efficiency is crap = bad....efficiency is good= good... Its a bit of a mind boggling thing
TypoI dont know what Im missing here but here is me thinking "we will agree to agree"
As for " inefficiency is crap" = thats bad.... "inefficiency is good" = thats also bad...Efficiency is crap = bad....efficiency is good= good... Its a bit of a mind boggling thing
By long journeys I mean those that need multiple charging stops where the pen home charge adds little.
Small and medium journeys still are better with home charging in the mix
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