Just been looking at three-year-old EV residuals and the drops are brutal compared with equivalent petrol models. My local dealer has a 2022 compact EV sitting well under trade book and it still isn't moving.
Is this just the usual supply correction now that new EV discounts are everywhere, or are we seeing a permanent reset in residual values? I'm weighing up whether to buy used now or wait another six months for the curve to flatten out.
Curious what others are seeing on trade-in offers and auction results. Are certain models holding up better than others, or is it across the board?
Is this just the usual supply correction now that new EV discounts are everywhere, or are we seeing a permanent reset in residual values? I'm weighing up whether to buy used now or wait another six months for the curve to flatten out.
Curious what others are seeing on trade-in offers and auction results. Are certain models holding up better than others, or is it across the board?