I feel a bit of a fraud being here now that I have moved to a C300d, however.....
There are a couple of recent issues that can be connected. A move to Tesla and residual values.
First the Tesla - I have test driven the Model S and the Model 3. Performance is amazing but the build quality is so, so, so American!! I admit freely that two things made a Tesla almost impossible for me; 1 - the range; so many of my journeys would involve having to plan stops for a recharge that it was a non starter. 2 - the cost! The Model S can just about offer what you would take for granted from Merc, BMW, etc. but at £75k! The Model 3 just isn't good enough for £50k (obviously just my opinion).
Now residuals - yes the market for used cars has been hit hard. It also seems that complex Hybrids may be included in the car types that have been hit the hardest. This is also true for Teslas (although used prices are very sensitive to mileage). I do about 25k miles per year and keep my cars for about 3 years. On a Tesla X this would cost me about £12,000 per year in lost value. I guess there is still a fear about the long term reliability of batteries, electronics and traction electrics ; 'you pays your money and takes your choice'
@wrighty senior Hmmm. I'm not sure it's all hybrids and EVs that have seen used prices drop like a stone.
Look at these two articles (I should have bought either a Renault Zoe EV, a Prius hybrid or a Porsche to have low depreciation)
Growing consumer demand driven by the roll-out of clean air zones, cheaper running costs, increased charging points, incentives to drive and wider availability from manufacturers have also boosted average used values up by 14% over the last 12 months.
Chris Plumb, electric vehicle expert at Cap HPI, said: “The past few years have seen a steady growth of the new electric cars being registered in the UK, 2018 saw an increase of 13.8% over 2017 according to the SMMT.
“This has resulted in more used EV’s entering the market and satisfying the growing demand from the used consumer.
“Residual values are improving, with some models, such as the Renault Zoe, actually increasing in value in recent times.”
According to Cap HPI, the Renault Zoe continues to perform strongly due to low volumes in the market.
An 8% increase in April means that a one-year-old Zoe is worth almost 50% more than it was at the start of 2018 – a rise of around £5,000.
Source: Used EV volumes rise as demand drives 14% value increase in 12 months
Top 10 lowest depreciating cars in UK this year
Source: The 10 slowest-depreciating cars 2019