• Used EV Market falling fast

    From ScottW@21:1/5 to All on Sun Jul 16 09:05:43 2023
    According to auto research firm iSeeCars.com, used EV prices are collapsing more than those in the overall used car market. In the firm’s June 2023 report, the data shows that used EV prices have fallen by nearly 30% year over year, with price drops
    actually accelerating from 8.8% in January to 16.8% in March and to 29.5% in June. The firm analyzed transactions from over 1.8 million one- to five-year-old used cars from the June 2022 and 2023 time period to capture the results.

    “A year ago, used EV prices were on the upswing, rising faster than the average used car,” said iSeeCars executive analyst Karl Brauer in the report. “Electric vehicle prices are now falling at nearly 10 times the rate of the average used vehicle,
    reflecting a clear shift in EV supply and demand.”

    This also impacts new EV lease rates.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Sun Jul 16 12:43:29 2023
    On 7/16/23 11:05 AM, ScottW wrote:
    According to auto research firm iSeeCars.com, used EV prices are
    collapsing more than those in the overall used car market. In the
    firm’s June 2023 report, the data shows that used EV prices have
    fallen by nearly 30% year over year, with price drops actually
    accelerating from 8.8% in January to 16.8% in March and to 29.5% in
    June. The firm analyzed transactions from over 1.8 million one- to five-year-old used cars from the June 2022 and 2023 time period to
    capture the results.

    Must be waiting for newer, better cars.

    https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

    Leveling off at 2021 prices? Reversing a price spike?

    https://www.recurrentauto.com/research/used-electric-vehicle-buying-report

    “Price changes and tax credit eligibility for new EV models are causing ripple effects in the used car market,” said Scott Case, CEO at
    Recurrent. “If the market has finally settled, shoppers can feel secure looking for a used EV without worrying that the price would have been
    lower if they waited two months.”

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Sun Jul 16 15:58:14 2023
    On Sunday, July 16, 2023 at 10:43:32 AM UTC-7, mINE109 wrote:
    On 7/16/23 11:05 AM, ScottW wrote:
    According to auto research firm iSeeCars.com, used EV prices are collapsing more than those in the overall used car market. In the
    firm’s June 2023 report, the data shows that used EV prices have
    fallen by nearly 30% year over year, with price drops actually accelerating from 8.8% in January to 16.8% in March and to 29.5% in
    June. The firm analyzed transactions from over 1.8 million one- to five-year-old used cars from the June 2022 and 2023 time period to
    capture the results.
    Must be waiting for newer, better cars.

    https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

    Leveling off at 2021 prices? Reversing a price spike?

    https://www.recurrentauto.com/research/used-electric-vehicle-buying-report

    “Price changes and tax credit eligibility for new EV models are causing ripple effects in the used car market,” said Scott Case, CEO at
    Recurrent. “If the market has finally settled, shoppers can feel secure looking for a used EV without worrying that the price would have been
    lower if they waited two months.”

    Yeah....bet 40K on that "if". Good luck.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Mon Jul 17 07:00:27 2023
    On 7/16/23 5:58 PM, ScottW wrote:
    On Sunday, July 16, 2023 at 10:43:32 AM UTC-7, mINE109 wrote:
    On 7/16/23 11:05 AM, ScottW wrote:
    According to auto research firm iSeeCars.com, used EV prices are
    collapsing more than those in the overall used car market. In the
    firm’s June 2023 report, the data shows that used EV prices have
    fallen by nearly 30% year over year, with price drops actually
    accelerating from 8.8% in January to 16.8% in March and to 29.5% in
    June. The firm analyzed transactions from over 1.8 million one- to
    five-year-old used cars from the June 2022 and 2023 time period to
    capture the results.
    Must be waiting for newer, better cars.

    https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

    Leveling off at 2021 prices? Reversing a price spike?

    https://www.recurrentauto.com/research/used-electric-vehicle-buying-report >>
    “Price changes and tax credit eligibility for new EV models are causing
    ripple effects in the used car market,” said Scott Case, CEO at
    Recurrent. “If the market has finally settled, shoppers can feel secure
    looking for a used EV without worrying that the price would have been
    lower if they waited two months.”

    Yeah....bet 40K on that "if". Good luck.

    Still a better chance of holding its value than an ICE luxury car.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Mon Jul 17 09:21:17 2023
    On Monday, July 17, 2023 at 5:00:30 AM UTC-7, mINE109 wrote:
    On 7/16/23 5:58 PM, ScottW wrote:
    On Sunday, July 16, 2023 at 10:43:32 AM UTC-7, mINE109 wrote:
    On 7/16/23 11:05 AM, ScottW wrote:
    According to auto research firm iSeeCars.com, used EV prices are
    collapsing more than those in the overall used car market. In the
    firm’s June 2023 report, the data shows that used EV prices have
    fallen by nearly 30% year over year, with price drops actually
    accelerating from 8.8% in January to 16.8% in March and to 29.5% in
    June. The firm analyzed transactions from over 1.8 million one- to
    five-year-old used cars from the June 2022 and 2023 time period to
    capture the results.
    Must be waiting for newer, better cars.

    https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

    Leveling off at 2021 prices? Reversing a price spike?

    https://www.recurrentauto.com/research/used-electric-vehicle-buying-report

    “Price changes and tax credit eligibility for new EV models are causing >> ripple effects in the used car market,” said Scott Case, CEO at
    Recurrent. “If the market has finally settled, shoppers can feel secure >> looking for a used EV without worrying that the price would have been
    lower if they waited two months.”

    Yeah....bet 40K on that "if". Good luck.
    Still a better chance of holding its value than an ICE luxury car.

    30% in a year and that's not "drive off the lot" crash. You're being really stupid....again.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Art Sackman@21:1/5 to ScottW on Mon Jul 17 09:50:17 2023
    On Monday, July 17, 2023 at 12:21:18 PM UTC-4, ScottW wrote:
    On Monday, July 17, 2023 at 5:00:30 AM UTC-7, mINE109 wrote:
    On 7/16/23 5:58 PM, ScottW wrote:
    On Sunday, July 16, 2023 at 10:43:32 AM UTC-7, mINE109 wrote:
    On 7/16/23 11:05 AM, ScottW wrote:
    According to auto research firm iSeeCars.com, used EV prices are
    collapsing more than those in the overall used car market. In the
    firm’s June 2023 report, the data shows that used EV prices have
    fallen by nearly 30% year over year, with price drops actually
    accelerating from 8.8% in January to 16.8% in March and to 29.5% in >>> June. The firm analyzed transactions from over 1.8 million one- to
    five-year-old used cars from the June 2022 and 2023 time period to
    capture the results.
    Must be waiting for newer, better cars.

    https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

    Leveling off at 2021 prices? Reversing a price spike?

    https://www.recurrentauto.com/research/used-electric-vehicle-buying-report

    “Price changes and tax credit eligibility for new EV models are causing
    ripple effects in the used car market,” said Scott Case, CEO at
    Recurrent. “If the market has finally settled, shoppers can feel secure
    looking for a used EV without worrying that the price would have been >> lower if they waited two months.”

    Yeah....bet 40K on that "if". Good luck.
    Still a better chance of holding its value than an ICE luxury car.
    30% in a year and that's not "drive off the lot" crash. You're being really stupid....again.

    ScottW

    when money talks, Steven walks

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Mon Jul 17 13:36:52 2023
    On 7/17/23 11:21 AM, ScottW wrote:
    On Monday, July 17, 2023 at 5:00:30 AM UTC-7, mINE109 wrote:
    On 7/16/23 5:58 PM, ScottW wrote:
    On Sunday, July 16, 2023 at 10:43:32 AM UTC-7, mINE109 wrote:
    On 7/16/23 11:05 AM, ScottW wrote:
    According to auto research firm iSeeCars.com, used EV prices are
    collapsing more than those in the overall used car market. In the
    firm’s June 2023 report, the data shows that used EV prices have
    fallen by nearly 30% year over year, with price drops actually
    accelerating from 8.8% in January to 16.8% in March and to 29.5% in
    June. The firm analyzed transactions from over 1.8 million one- to
    five-year-old used cars from the June 2022 and 2023 time period to
    capture the results.
    Must be waiting for newer, better cars.

    https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

    Leveling off at 2021 prices? Reversing a price spike?

    https://www.recurrentauto.com/research/used-electric-vehicle-buying-report >>>>
    “Price changes and tax credit eligibility for new EV models are causing >>>> ripple effects in the used car market,” said Scott Case, CEO at
    Recurrent. “If the market has finally settled, shoppers can feel secure >>>> looking for a used EV without worrying that the price would have been
    lower if they waited two months.”

    Yeah....bet 40K on that "if". Good luck.
    Still a better chance of holding its value than an ICE luxury car.

    30% in a year and that's not "drive off the lot" crash. You're being really stupid....again.
    You found a story you like so you can dump on EVs. That doesn't make
    you an expert.

    My source has the Tesla Model Y down about 10%, the Model S down just
    over 10%, and the Model X down almost 20% at three years. Comparable
    cars from BMW, Audi and Lexus were closer to or over 30% down.

    Prices are down, but they had been so high buyers could flip their cars
    for profit.

    https://www.latimes.com/business/story/2022-06-30/ev-demand-hot-tesla-owners-car-flipping

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Tue Jul 18 09:18:52 2023
    On Monday, July 17, 2023 at 11:36:55 AM UTC-7, mINE109 wrote:
    On 7/17/23 11:21 AM, ScottW wrote:
    On Monday, July 17, 2023 at 5:00:30 AM UTC-7, mINE109 wrote:
    On 7/16/23 5:58 PM, ScottW wrote:
    On Sunday, July 16, 2023 at 10:43:32 AM UTC-7, mINE109 wrote:
    On 7/16/23 11:05 AM, ScottW wrote:
    According to auto research firm iSeeCars.com, used EV prices are
    collapsing more than those in the overall used car market. In the >>>>> firm’s June 2023 report, the data shows that used EV prices have >>>>> fallen by nearly 30% year over year, with price drops actually
    accelerating from 8.8% in January to 16.8% in March and to 29.5% in >>>>> June. The firm analyzed transactions from over 1.8 million one- to >>>>> five-year-old used cars from the June 2022 and 2023 time period to >>>>> capture the results.
    Must be waiting for newer, better cars.

    https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

    Leveling off at 2021 prices? Reversing a price spike?

    https://www.recurrentauto.com/research/used-electric-vehicle-buying-report

    “Price changes and tax credit eligibility for new EV models are causing
    ripple effects in the used car market,” said Scott Case, CEO at
    Recurrent. “If the market has finally settled, shoppers can feel secure
    looking for a used EV without worrying that the price would have been >>>> lower if they waited two months.”

    Yeah....bet 40K on that "if". Good luck.
    Still a better chance of holding its value than an ICE luxury car.

    30% in a year and that's not "drive off the lot" crash. You're being really stupid....again.
    You found a story you like so you can dump on EVs. That doesn't make
    you an expert.

    My source is paywalled so you can't even read the headline..

    LoL.....Says the deep diver into the bowels of the internet to find a source he can use.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Tue Jul 18 14:08:49 2023
    On 7/18/23 11:18 AM, ScottW wrote:
    On Monday, July 17, 2023 at 11:36:55 AM UTC-7, mINE109 wrote:
    On 7/17/23 11:21 AM, ScottW wrote:
    On Monday, July 17, 2023 at 5:00:30 AM UTC-7, mINE109 wrote:
    On 7/16/23 5:58 PM, ScottW wrote:
    On Sunday, July 16, 2023 at 10:43:32 AM UTC-7, mINE109 wrote:
    On 7/16/23 11:05 AM, ScottW wrote:
    According to auto research firm iSeeCars.com, used EV prices are >>>>>>> collapsing more than those in the overall used car market. In the >>>>>>> firm’s June 2023 report, the data shows that used EV prices have >>>>>>> fallen by nearly 30% year over year, with price drops actually
    accelerating from 8.8% in January to 16.8% in March and to 29.5% in >>>>>>> June. The firm analyzed transactions from over 1.8 million one- to >>>>>>> five-year-old used cars from the June 2022 and 2023 time period to >>>>>>> capture the results.
    Must be waiting for newer, better cars.

    https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

    Leveling off at 2021 prices? Reversing a price spike?

    https://www.recurrentauto.com/research/used-electric-vehicle-buying-report

    “Price changes and tax credit eligibility for new EV models are causing
    ripple effects in the used car market,” said Scott Case, CEO at
    Recurrent. “If the market has finally settled, shoppers can feel secure
    looking for a used EV without worrying that the price would have been >>>>>> lower if they waited two months.”

    Yeah....bet 40K on that "if". Good luck.
    Still a better chance of holding its value than an ICE luxury car.

    30% in a year and that's not "drive off the lot" crash. You're being really stupid....again.
    You found a story you like so you can dump on EVs. That doesn't make
    you an expert.

    My source is paywalled so you can't even read the headline..

    LoL.....Says the deep diver into the bowels of the internet to find a source he can use.
    You added text to look like I wrote it, a major internet faux pas.

    Tip to the clueless: the complete article appears if you click the text
    reader. That, and the point I was making was supported in the URL headline.

    But deflecting from info that shows you're mistaken is to be expected.
    What happened to the "I won't spoon feed you" guy who withholds info?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Tue Jul 18 16:05:52 2023
    On Tuesday, July 18, 2023 at 12:08:52 PM UTC-7, mINE109 wrote:
    On 7/18/23 11:18 AM, ScottW wrote:
    On Monday, July 17, 2023 at 11:36:55 AM UTC-7, mINE109 wrote:
    On 7/17/23 11:21 AM, ScottW wrote:
    On Monday, July 17, 2023 at 5:00:30 AM UTC-7, mINE109 wrote:
    On 7/16/23 5:58 PM, ScottW wrote:
    On Sunday, July 16, 2023 at 10:43:32 AM UTC-7, mINE109 wrote:
    On 7/16/23 11:05 AM, ScottW wrote:
    According to auto research firm iSeeCars.com, used EV prices are >>>>>>> collapsing more than those in the overall used car market. In the >>>>>>> firm’s June 2023 report, the data shows that used EV prices have >>>>>>> fallen by nearly 30% year over year, with price drops actually >>>>>>> accelerating from 8.8% in January to 16.8% in March and to 29.5% in >>>>>>> June. The firm analyzed transactions from over 1.8 million one- to >>>>>>> five-year-old used cars from the June 2022 and 2023 time period to >>>>>>> capture the results.
    Must be waiting for newer, better cars.

    https://www.iea.org/news/demand-for-electric-cars-is-booming-with-sales-expected-to-leap-35-this-year-after-a-record-breaking-2022

    Leveling off at 2021 prices? Reversing a price spike?

    https://www.recurrentauto.com/research/used-electric-vehicle-buying-report

    “Price changes and tax credit eligibility for new EV models are causing
    ripple effects in the used car market,” said Scott Case, CEO at >>>>>> Recurrent. “If the market has finally settled, shoppers can feel secure
    looking for a used EV without worrying that the price would have been >>>>>> lower if they waited two months.”

    Yeah....bet 40K on that "if". Good luck.
    Still a better chance of holding its value than an ICE luxury car.

    30% in a year and that's not "drive off the lot" crash. You're being really stupid....again.
    You found a story you like so you can dump on EVs. That doesn't make
    you an expert.

    My source is paywalled so you can't even read the headline..

    LoL.....Says the deep diver into the bowels of the internet to find a source he can use.
    You added text to look like I wrote it, a major internet faux pas.

    Oh the horror....I've faux pas'd.


    Tip to the clueless: the complete article appears if you click the text reader.

    I can listen to edge read it in agonizing slow motion but the subscription window
    never goes away and the text behind it never appears without the slowmo scroll of the reader.
    If that's you're cheapass way around paywalls....it sucks.
    And I could care less about some bozo flipping cars for profit when Tesla couldn't deliver due to parts shortages.
    That's long past....but hey...in LA anything is possible. Rich people do stupid stuff all the time.
    Why aren't you you flipping Tesla's in Austin?

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Art Sackman@21:1/5 to ScottW on Tue Jul 18 21:37:07 2023
    On Tuesday, July 18, 2023 at 7:05:53 PM UTC-4, ScottW wrote:

    Rich people do stupid stuff all the time.

    ScottW

    Tssk Tsk you're letting Marxist Steve off the hook.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)