According to new data released by CAP Hpi, some people are suffering some major depreciation on their EV's.
Source: Cap HPI, August 2023 - Depreciation over the last 11 months!
Seat Mii – down 50.3%
Renault Zoe – down 44.2%
Nissan Leaf – down 42.7%
Volkswagen Up electric – down 42.5%
Hyundai Ioniq electric – down 40.8%
BMW i3 – down 39.9%
Mazda MX-30 – down 39%
Vauxhall Corsa electric – down 37.7%
Hyundai Kona electric – down 37.6%
Peugeot e-208 – down 37.1%
Volkswagen ID.3 – down 36.3%
Peugeot e-2008 – down 35.9%
Citroen e-C4 – down 35.9%
MG5 Electric – down 35.7%
Fiat 500e – down 35.5%
Vauxhall Mokka electric – down -35%
Kia e-Niro – down 35%
Jaguar I-Pace – down 34.4%
Polestar 2 – down 34.3%
Mini electric – down 33.9%
In £ terms, the figures are eye watering.
Audi e-tron GT -£27,629
Mercedes EQC -£20,275
Audi e-tron Sportback -£18,929
Jaguar I-Pace -£18,470
Audi Q4 e-tron £17,363
Tesla Model Y -£17,300
Mercedes EQE -£17,175
Audi e-tron -£16,158
Mercedes EQS -£15,888
Tesla Model 3 -£15,538
Mercedes EQA -£14,808
Volkswagen ID.3 -£13,328
Ford Mustang Mach-E -£13,308
BMW i3 -£12,739
Volkswagen ID.4 -£12,053
BMW iX3 -£11,600
Kia e-Niro -£11,588
Volvo XC40 electric -£11,550
Hyundai Kona electric -£11,388
Audi Q4 e-tron Sportback -£11,010
Ouch. Safe to say the bubble has well and truely burst. My wee Jazz is worth more than I paid for it 3yrs and 40k+ miles later. Lovely stuff.
https://cardealermagazine.co.uk/publish/worst-offenders-which-used-electric-car-prices-have-crashed/289145