Electric cars are having a hard time on the used market, new figures show. Motorists simply drive around them.
Electric cars have a hard time keeping their value. And although new cars are also being reduced in price, it is especially on the used market that electric cars are doing poorly.
This is written by Automobilewoche on the basis of a new investigation.
In the survey carried out by the analysis firm Civey for the media, more than 1,000 motorists were asked about their relationship with used electric cars.
And here it has been concluded that consumers are still avoiding used electric cars. In fact, even if they, i.e. the drivers, almost get the used electric cars thrown in their necks.
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In April last year, a 3-year-old used electric car could retain 61 percent of its new value on average. At the beginning of January 2024, that figure was only 56 percent.
The picture is the same in several places outside Germany. To Fortune, Toyota's top European boss, Matt Harrison, says bluntly that the market does not exist.
– There is no demand for used electric cars. They (used electric cars, ed.) really drag down when you look at what it costs to own the car.
However, new electric cars do not fare much better. Dirk Weddigen von Knapp, who represents a number of German Audi and Volkswagen dealers, tells Fortune that "the individual dealer has to cut the price of the cars just to get drivers to even look at electric cars".
According to the Deutsche Automobil Treuhand, more and more electric cars are becoming a risk at dealers. The cars simply stay there too long. Often more than 90 days.
At home, the interest organization FDM already predicted last December that the price of used electric cars would fall further.
– All other things being equal, this will mean that the price of used electric cars will fall further, he said in a comment to Finans.
