Reply To: Volvo

#221716
kezo
Participant

    Prices are comparable to other battery powered EVs, if you see the thread about second hand EVs, the residuals are dropping hence higher APs

    If you look at the market, you will see 2nd hand values for all engine types have been historically high to the point there was hardly any price gap between new and 2nd hand. In some cases they equivulent to a new car or had better equipment levels compared to new. This hasn’ been healthy for the vehicle. market.

    Not so long ago new vehicles lost there VAT amount as soon as it was driven off the forecourt and depreciated 40-60% over 3 years. This hasn’t been because of new vehicle supply issues., caused 2nd values to rise considerably close or the same cost as a new vehicle. Sooner or later this had to give.

    Supply and demand is starting to normalise as the new vehicle markets start to get back to normal production. Rightfully so this will have a knock on effect on the 2nd hand market and will contine tosee reductions over time untill markets normalise to where they once were, with a healthy gap between new and used!

    I see know reason why this should have any affect on AP’s. I would also imagine Mb have factored all this in allready.

    Perhaps once 2nd hand vehicles have mantained that health gap, we may start to see a reduction in the new vehicle market further pushing prices own in the used markets.

    We can’t live in a false world forever as is happening now!