not racing, but a hot topic for those who rushed out to buy electric, we can all have a s**** now, diesel petrol soaring daily mail The second-hand cars that are falling most in value compared to a year ago have been revealed - and if you own an electric vehicle, you might want to look away now!
Used car valuations expert cap hpi has provided exclusive data showing the top 20 second-hand car price fallers in March.
The list is exclusively made up of electric cars, with some plummeting in value by as much as 30 per cent versus a year ago.
Cap HPI also listed the 20 motors that have gone up in value most dramatically compared to March 2022 - and there is only one EV in the ranking, suggesting that demand for battery cars is waning.
Check the list of the 20 biggest price risers from last month to see if the motor parked on your driveway features.
Second-hand electric vehicle prices plunge: The list of the 20 used models that have fallen most in value year-on-year in March are exclusively EVs. Prices have been tumbling since October - we reveal the biggest decline...and explain why the market is turning on battery cars +14 Second-hand electric vehicle prices plunge: The list of the 20 used models that have fallen most in value year-on-year in March are exclusively EVs. Prices have been tumbling since October - we reveal the biggest decline...and explain why the market is turning on battery cars
Cap HPI's data is based on the average value of a three-year-old car with 30,000 miles on the clock in March 2023 compared to what a three-year-old version of the same car with matching mileage would have sold for in the same month in 2022.
This provides a clear understanding of how demand is changing for particular vehicles - in this case, a huge decline in consumer appetite for second-hand electric cars.
Below we have provided an in-depth look at the 10 biggest fallers, and included an overview of the models in positions 11 to 20.
And every one of them is a battery electric vehicle.
We've asked Derren Martin, Cap HPI's director of valuations, to explain the five main reasons for why second-hand EV prices are going into freefall and where this leaves the used car market in 2023.
And scroll to the bottom of the page to find the 20 biggest used car price risers in March...
It's hardly surprising. Even if I was convinced that EVs aren't massively overpriced in the first place like millions of others in flats and terraced houses I have nowhere to charge it Actually though I have recently bought a brand new car and it IS green. A really nice colour imo.
It's hardly surprising.Even if I was convinced that EVs aren't massively overpriced in the first place like millions of others in flats and terraced houses I have nowhere to charge itActually though I have recently bought a brand new car and it IS gr
I haven't bought an electric car yet but appears to me they are only useful as run arounds and until they are priced sensibly and/or have at least 1000 mile range, then why bother.
Additionally until we have a guaranteed supply of reasonably priced electricity, it appears that there is very little saving in cost of running versus petrol.
I would like to know why Natural Gas in the USA is at an ALL TIME low whilst we are still being shafted on our gas bills by our suppliers at an ALL TIME high and why the daily charge for using FACK ALL has increased again.
IMO we are being SHAFTED and SHAFTED again by cartel operated energy companies with a complicit Government and it won't make any difference who is in power, they are all FKIN USELESS W@NKERS lining their own pockets.
RANT OVER!
I haven't bought an electric car yet but appears to me they are only useful as run arounds and until they are priced sensibly and/or have at least 1000 mile range, then why bother.Additionally until we have a guaranteed supply of reasonably priced el
No interest in electric car unless there is a big financial benefit. As a comment on fuel prices, we have just come back from a holiday in Spain and Portugal where petrol is around the same price as in UK but Diesel is only 5 cents above petrol! How do you explain that other that profiteering here.
No interest in electric car unless there is a big financial benefit. As a comment on fuel prices, we have just come back from a holiday in Spain and Portugal where petrol is around the same price as in UK but Diesel is only 5 cents above petrol! How
Electric cars and buses,trucks and anything that moves ffs what a waste of time…
Driverless buses…..wow ! Anyone fancy a ride……in yer fkn dreams…..long narrow bridge with a hundred foot drop….aye…I’m fine….ffs
Electric cars and buses,trucks and anything that moves ffs what a waste of time…Driverless buses…..wow ! Anyone fancy a ride……in yer fkn dreams…..long narrow bridge with a hundred foot drop….aye…I’m fine….ffs
What is going to happen in 6 or 7 years time - When the Battery-Pack is F*cked ...
- and a Replacement Battery-Pack will cost much MORE (they are currently talking in £ Thousands) than the Electric car is now worth .... Which will be 'Eff All - with a DUD Battery-Pack.
They won't be able to give them away. -----------
And then .... There are these completely inefficient, and ugly, Heast Pumps .... That will be ROTTING away on everybody's outside walls ....
Well - That won't be happening in their 'dreamed of' hurry - either.
They will plummet even further.What is going to happen in 6 or 7 years time - When the Battery-Pack is F*cked ... - and a Replacement Battery-Pack will cost much MORE (they are currently talking in £ Thousands) than the Electric car is now worth ..
I'm not a climate change denier and I think we ought to try and do something about it,but the whole EV thing hasn't been thought through and the idea that will be all you can buy in 2030 is ludicrous. Johnsonian piffle.
I'm not a climate change denier and I think we ought to try and do something about it,but the whole EV thing hasn't been thought through and the idea that will be all you can buy in 2030 is ludicrous. Johnsonian piffle.
I never knew the cost of a new battery could be so high. That could effectively write off a pristine car.
We are seeing more and more of them on the roads but I don’t think I will be in a rush to buy one.
I never knew the cost of a new battery could be so high. That could effectively write off a pristine car. We are seeing more and more of them on the roads but I don’t think I will be in a rush to buy one.
They stop the oil and gas production….then what ? ….I expect to wait until the end of time for an answer..
Because you can’t answer….
Approximately well over 2000 years worth of fossil underground…..planet earth might be history by then…..
Stop oil mob….They stop the oil and gas production….then what ? ….I expect to wait until the end of time for an answer..Because you can’t answer….Approximately well over 2000 years worth of fossil underground…..planet earth might be histo
The only way in which they behave like sheep is when they all head for a motorway or to Dover on the same day every year and wonder why there are delays. There is still a lot to admire about the British-not least the 82000 who turned up at Wembley last night to support the team. No way would I want to be in a crowd of that size but well done to those who did.
The only way in which they behave like sheep is when they all head for a motorway or to Dover on the same day every year and wonder why there are delays. There is still a lot to admire about the British-not least the 82000 who turned up at Wembley la
They will always turn up for sports……remember what the French said when the UK threatened brexit……you won’t get it easy….
Big delays and countless dingy rides…..hoods up head down,cig and mobile in hand welcome to the promised land…
Where do you want to go ? Eh….London!
The UK public moan but not a lot else…..
They will always turn up for sports……remember what the French said when the UK threatened brexit……you won’t get it easy….Big delays and countless dingy rides…..hoods up head down,cig and mobile in hand welcome to the promised land…Whe