EVs... no one wants them!
Discussion
EVs are primarily being sold as fleet cars on leases and fleet discounts. Very few are retail sales.
To be frank their depreciation curve and first year loss is very similar to any volume fleet car over the last 50 years and also similar in that the RRP is basically a made up figure. Think Vauxhall Insignia 2.0 CDTi SRi. Peugeot 407 HDI. Cars like that from 15 years ago. The 2024 equivalent is an EV.
As for the RRP I think they are relevant and manufacturers setting silly prices are the ones suffering. It has a number of effects:
1. It has increased the public perception that EVs are expensive and over priced. This is backed up by ever increasing press coverage that they are. This prevents a lot of people from even actually looking at them.
2. It has given EVs a reputation of losing shed loads of value and being expensive to own long term due to low residual value.
3. It might not make a huge difference at the moment at 2% but BIK is set on list price. Mark my words it won't be 2% for long. The owner/driver is paying a tax bill on a value which never really existed.
4. With VED being charged from next year pricing your EV at £41k and selling for £30k is just daft as you are upping tax costs for no reason.
In short the EVs which seem to be getting a good hold in the market are the ones which are priced properly from the off.
To be frank their depreciation curve and first year loss is very similar to any volume fleet car over the last 50 years and also similar in that the RRP is basically a made up figure. Think Vauxhall Insignia 2.0 CDTi SRi. Peugeot 407 HDI. Cars like that from 15 years ago. The 2024 equivalent is an EV.
As for the RRP I think they are relevant and manufacturers setting silly prices are the ones suffering. It has a number of effects:
1. It has increased the public perception that EVs are expensive and over priced. This is backed up by ever increasing press coverage that they are. This prevents a lot of people from even actually looking at them.
2. It has given EVs a reputation of losing shed loads of value and being expensive to own long term due to low residual value.
3. It might not make a huge difference at the moment at 2% but BIK is set on list price. Mark my words it won't be 2% for long. The owner/driver is paying a tax bill on a value which never really existed.
4. With VED being charged from next year pricing your EV at £41k and selling for £30k is just daft as you are upping tax costs for no reason.
In short the EVs which seem to be getting a good hold in the market are the ones which are priced properly from the off.
nickfrog said:
Indeed. They're amazing value now.
We are selling lots of used a EV’s and have done 12 used this week. Most are under £25k retail apart from a Polestar and 2 Taycans but as mentioned above they are such great value people are jumping on the band wagon. EV’s currently offer much better margins to dealers than mainstream cars due to the perceived price volatility within the market.
confused_buyer said:
Evanivitch said:
18.2% new BEV sales are private.
Yep. So 81.8% fleet. I call that primarily fleet. I'm sure Vauxhall flogged a few private Insignias but it was a fleet car.And BEV are about 17% of total sales.
So car sales in general are primarily fleet. And of all car sales (private, fleet and business), the BEV rate isn't much difference.
It's not the gotcha that people think it is.
Tindersticks said:
Auto810graphy said:
We are selling lots of used a EV’s and have done 12 used this week.
You can’t. No-one wants them. Auto810graphy said:
We are selling lots of used a EV’s and have done 12 used this week. Most are under £25k retail apart from a Polestar and 2 Taycans but as mentioned above they are such great value people are jumping on the band wagon.
EV’s currently offer much better margins to dealers than mainstream cars due to the perceived price volatility within the market.
Is there a stand-out model that people are buying?EV’s currently offer much better margins to dealers than mainstream cars due to the perceived price volatility within the market.
Evanivitch said:
confused_buyer said:
Evanivitch said:
18.2% new BEV sales are private.
Yep. So 81.8% fleet. I call that primarily fleet. I'm sure Vauxhall flogged a few private Insignias but it was a fleet car.And BEV are about 17% of total sales.
So car sales in general are primarily fleet. And of all car sales (private, fleet and business), the BEV rate isn't much difference.
It's not the gotcha that people think it is.
It shows that very few private buyers want an EV and that the majority of buyers are doing so because the cost is being subsidised in some way.
It shows that the majority of people only want them when they are cheap, not because they are better.
survivalist said:
Depends on what you consider a gotcha.
It shows that very few private buyers want an EV and that the majority of buyers are doing so because the cost is being subsidised in some way.
It shows that the majority of people only want them when they are cheap, not because they are better.
most won't know they're better, until they've owned one. being attractively cheap will allow this to happen, and so the snowball grows……..It shows that very few private buyers want an EV and that the majority of buyers are doing so because the cost is being subsidised in some way.
It shows that the majority of people only want them when they are cheap, not because they are better.
Big Nanas said:
I suppose the other issue with the earlier LEAFs is the Chademo charge connectors. Seems to be far fewer of those in the public charging domain, which definitely will make planing longer distances a problem.
(I may be wrong on this, but whenever I've stopped, there seems to be fewer of those connectors - Gridserve used to do them, but their newer installs don't seem to have any).
Yes, one M-way service station I use a lot has just installed a load of new chargers, all CCS.(I may be wrong on this, but whenever I've stopped, there seems to be fewer of those connectors - Gridserve used to do them, but their newer installs don't seem to have any).
So there's something like 11 CCS and 1 Chademo. Plus a couple of useless Type-2 (who spends 4 hours at a service station?)
Sheepshanks said:
Is there a stand-out model that people are buying?
Nothing stands out and it seems to change like the weather, we had some e-Vivaros, sat about for 3 weeks with no enquiries then sold 4 in 48 hours, e-Corsa seems good this weekend, LR model 3 in anything but white, higher spec lower power ID3, have runs with Ioniq but buying them at a good price is hard. Also struggling to buy Volvo as they seem to go for crazy money.tamore said:
survivalist said:
Depends on what you consider a gotcha.
It shows that very few private buyers want an EV and that the majority of buyers are doing so because the cost is being subsidised in some way.
It shows that the majority of people only want them when they are cheap, not because they are better.
most won't know they're better, until they've owned one. being attractively cheap will allow this to happen, and so the snowball grows……..It shows that very few private buyers want an EV and that the majority of buyers are doing so because the cost is being subsidised in some way.
It shows that the majority of people only want them when they are cheap, not because they are better.
Currently the uncertainty around future values means the good ones aren’t cheap enough.
Which is why they aren’t selling.
At the moment most of them are only viable as a second car.
Nothing wrong with that, but it limits the appeal further.
survivalist said:
They’re only better at a few things. The cheap ones are better at even fewer.
Currently the uncertainty around future values means the good ones aren’t cheap enough.
Which is why they aren’t selling.
At the moment most of them are only viable as a second car.
Nothing wrong with that, but it limits the appeal further.
that's your opinion. our primary car is EV and better at everything day to day than it's ICE predecessor. couple of public charging sessions a year is no big deal.Currently the uncertainty around future values means the good ones aren’t cheap enough.
Which is why they aren’t selling.
At the moment most of them are only viable as a second car.
Nothing wrong with that, but it limits the appeal further.
which areas do you feel yours falls short?
Big Nanas said:
confused_buyer said:
Big Nanas said:
I suppose the other issue with the earlier LEAFs is the Chademo charge connectors. Seems to be far fewer of those in the public charging domain, which definitely will make planing longer distances a problem.
(I may be wrong on this, but whenever I've stopped, there seems to be fewer of those connectors - Gridserve used to do them, but their newer installs don't seem to have any).
All LEAFs have Chademo up to and including the last one made this year (I may be wrong on this, but whenever I've stopped, there seems to be fewer of those connectors - Gridserve used to do them, but their newer installs don't seem to have any).
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