The EV fact thread

[BTB 500]

In principle there should be consistent price convergence across the market so that you enter your data for a quote and prices end up being similar within a reasonable % variation from mainstream companies.

My observation is that since the 1990s the prices quoted vary dramatically by more than high double digit %.

If you use a price comparison site (Compare the Market etc.) you can get a load of quotes for the same car based on the same parameters in terms of NCD protection / voluntary excess / usage / drivers / mods / convictions / annual mileage / value / etc. Things like compulsory excess / breakdown cover / legal protection / courtesy car / personal accident cover will vary from policy to policy, which you do need to take into account.

But anyway I got quotes today for my R129 SL500 - these ranged from £182.80 to (drum roll) ... £3,500

 

[Dryce]

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That comes across as rather worse than some of the fanboy advocates for EVs.

I'd say that the real problem of trying to figure the market at the moment is that there are several types of customer and product and there is a mismatch in the market - with a price distortion caused by the business sales - and a lot of misunderstanding.

The high end Taycan and EQS models make little sense to buy new as a private individual - and this situation has been exaggerated by business taxation. I think in the case of the Taycan it caused an overshoot because Porsche could sell loads at a high price. So a natural bubble was formed.

My local (and local'ish) MB dealers are full of used EQC. The local Hyundai dealers are not full of used Ioniq 5. So if you want to tell an anti-EV horror story about the EV market you could do that very easily using the EQC - while ignoring the fact that Ioniq 5s appear to move quickly and are difficult to find and telling a very different story.

 

[BTB 500]

My local (and local'ish) MB dealers are full of used EQC.

MB no longer makes the EQC, which won't make them easy to shift. They are also dropping the entire "EQ" brand, which won't help either.

 

[markjay]

Car depreciation is like currency fluctuations.

When the Pound is weak, exporters celebrate, while importers thrive. When the Pound is string, exporters suffer, while importers prosper.

Similarly, fast depreciating cars are bad news for new car buyers, but great news for second-hand car buyers - and vice versa. There's no absolute right or wrong.

(I got a bargain on a 10 months old Omega in 1998, and then again on a 5 months old Omega in 2001 - the cars were depreciating like a free falling lift - the only reason that I moved from Omegas to C-Class is because they stopped making the Omega!)

 

[MikeInWimbledon]

The high end Taycan and EQS models make little sense to buy new as a private individual - and this situation has been exaggerated by business taxation. I think in the case of the Taycan it caused an overshoot because Porsche could sell loads at a high price. So a natural bubble was formed.

My local (and local'ish) MB dealers are full of used EQC.

Does this mean that ICE S500's and Panamera's retain their value better?

It's a while since I last looked, but they always used to take a bath after their first three years. Have things changed.

Ditto three year old ML SUV's.

It's nothing new for private buyers to dominate the 2nd or 3rd user market while fleets scoop up (highly discounted) brand new premium motors.

 

[MikeInWimbledon]

(I got a bargain on a 10 months old Omega in 1998, and then again on a 5 months old Omega in 2001 - the cars were depreciating like a free falling lift - the only reason that I moved from Omegas to C-Class is because they stopped making the Omega!)

And very fine cars the Omegas were.

Just "spoilt" by the fleet discount bias for new sales. (Those fleets weren't paying headline prices. I know because I was buying and running a 200+ luxury vehicle fleet back then)

 

[MikeInWimbledon]

But anyway I got quotes today for my R129 SL500 - these ranged from £182.80 to (drum roll) ... £3,500

Remember the good old days when we got quotes from phoning or sitting in front of, a broker ?

 

[clk320x]

Todays EV experience…

Today I drove from East Northamptonshire to Tamworth, then down the M40 to West London, and then back to East Northamptonshire, all without having to stop anywhere to charge or park up at a specific car park etc.. yet range is still an issue apparently?

 

[Bobby Dazzler]

Todays EV experience…

Today I drove from East Northamptonshire to Tamworth, then down the M40 to West London, and then back to East Northamptonshire, all without having to stop anywhere to charge or park up at a specific car park etc.. yet range is still an issue apparently?

But I watched a YouTube video in which an angry person said that he heard that one of their followers had an uncle who had read a tweet saying that range is awful and that 82% of public chargers are out of order. You don’t want to know what he said about depreciation of EVs, apparently depreciation didn’t exist before EVs.

 

[clk320x]

But I watched a YouTube video in which an angry person said that he heard that one of their followers had an uncle who had read a tweet saying that range is awful and that 82% of public chargers are out of order. You don’t want to know what he said about depreciation of EVs, apparently depreciation didn’t exist before EVs.

 

[clk320x]

Ooo nice... do tell

Sorry I missed this message, a lot to go into right now but I’ll start a thread in due course.

 

[poormansporsche]

But I watched a YouTube video in which an angry person said that he heard that one of their followers had an uncle who had read a tweet saying that range is awful and that 82% of public chargers are out of order. You don’t want to know what he said about depreciation of EVs, apparently depreciation didn’t exist before EVs.

........ and then burst into flames


On a related note I saw a Zafira on fire the other day. I personally think the "Zafira B fires" ho ha of a few years back was all just made up. I bought one for the wife once and I wanted it to burn from the moment I bought it. Even the wife hated it, heinous thing. Strange as we quite liked our Zafira A though.

 

[ToeKnee]

Todays EV experience…

Today I drove from East Northamptonshire to Tamworth, then down the M40 to West London, and then back to East Northamptonshire, all without having to stop anywhere to charge or park up at a specific car park etc.. yet range is still an issue apparently?

But was you towing a caravan though???

 

[BTB 500]

Remember the good old days when we got quotes from phoning or sitting in front of, a broker ?

I certainly do, and paper cover notes, and filling in huge proposal forms.

 

[Petrol Pete]

........ and then burst into flames


On a related note I saw a Zafira on fire the other day. I personally think the "Zafira B fires" ho ha of a few years back was all just made up. I bought one for the wife once and I wanted it to burn from the moment I bought it. Even the wife hated it, heinous thing. Strange as we quite liked our Zafira A though.

We still have a 1.8 petrol Zafira A , I have mentioned it more than a few times on here before. The wife just won't let go of the dull thing , fair enough, it does come in useful from time to time now that I no longer own a van.

 

[poormansporsche]

We still have a 1.8 petrol Zafira A , I have mentioned it more than a few times on here before. The wife just won't let go of the dull thing , fair enough, it does come in useful from time to time now that I no longer own a van.

The Zafira A is a great car in a Ronseal type way.

I just can't believe how much they managed to.uck up the B though.

Don't ever let the boss drive a B, will probably break her heart !

 

[Petrol Pete]

I do not particularly enjoy driving the Zafira but I have to admit it has cost me next to nothing to run (except my self respect and what little street cred I still posses when I am seen in it) and it just keeps going. And more importantly the wife is (still) happy with it , not sure she is still as happy with me as she was on our wedding day.........

 

[MikeInWimbledon]

Todays EV experience…

Today I drove from East Northamptonshire to Tamworth, then down the M40 to West London, and then back to East Northamptonshire, all without having to stop anywhere to charge or park up at a specific car park etc.. yet range is still an issue apparently?

Today's EV experience. "Bad news.'

Drove 350 miles down to Devon and back in pursuit of an interesting motor. Stopped twice on the way down and twice on the way back for admin and coffee.

Carefully checked the EV chargers at all four stopovers and my destination.

Plenty of chargers around. Didn't count them but between 6-10 at each place.

And not a single one was being used.

 

[Bobby Dazzler]

Today's EV experience. "Bad news.'

Drove 350 miles down to Devon and back in pursuit of an interesting motor. Stopped twice on the way down and twice on the way back for admin and coffee.

Carefully checked the EV chargers at all four stopovers and my destination.

Plenty of chargers around. Didn't count them but between 6-10 at each place.

And not a single one was being used.

Ooooh interesting motor?

 

[MikeInWimbledon]

Ooooh interesting motor?