{"id":255206,"date":"2023-04-29T12:46:02","date_gmt":"2023-04-29T10:46:02","guid":{"rendered":"https:\/\/climatescience.press\/?p=255206"},"modified":"2023-04-29T12:49:20","modified_gmt":"2023-04-29T10:49:20","slug":"big-selling-electric-models-are-among-the-most-depreciating-used-cars","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=255206","title":{"rendered":"Big-selling electric models are among the most depreciating used cars"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

h\/t Ian Magness<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

If there\u2019s one thing most buyers of nearly-new cars want to know, it\u2019s what that car is going to be worth when they sell it on.<\/em><\/p>\n\n\n\n

After all, a far greater proportion of used cars are bought using cash or personal loans, rather than PCP finance \u2013 and that means the amount for which they can be traded in has a much greater impact on buyers\u2019 wallets.<\/em><\/p>\n\n\n\n

So new data about to be released by CarGurus, one of Britain\u2019s leading used car classifieds websites, which charts the most depreciating used cars, is sure to be of interest.<\/em><\/p>\n\n\n\n

To work out its ranking, CarGurus calculated the average price drop of cars for sale on its platform over the past year.<\/em><\/p>\n\n\n\n

Models from 2013 onwards with fewer than 100 adverts were not included, which counted out many specialist or enthusiast marques, as well as newer models whose steeper depreciation curves would have skewed the data.<\/em><\/p>\n\n\n\n

The results reveal that the model that\u2019s depreciated most over the course of the last year is the <\/em>Kia Proceed<\/em><\/a>, with a 39 per cent drop in values since last year.<\/em><\/p>\n\n\n\n

That\u2019s a bit of a surprise given Kia\u2019s lengthy seven-year warranty, which usually means its models are pretty good at holding their value. However, the Proceed\u2019s low profile and unconventional body style may mean many used buyers aren\u2019t really sure what to make of it.<\/em><\/p>\n\n\n\n

In second place is the more recognisable <\/em>Tesla Model 3<\/em><\/a>. It heads a trio of popular, high-value <\/em>electric cars<\/em><\/a> whose values have reduced by between 26 and 29 per cent since last year. A fourth EV, the <\/em>Renault Zoe<\/em><\/a>, also features in the top 10.<\/em><\/p>\n\n\n\n

The results suggest used buyers\u2019 enthusiasm for battery-powered cars is on the wane, which is likely due to concerns about battery life and range degradation<\/em>.<\/p>\n\n\n\n

https:\/\/www.telegraph.co.uk\/cars\/hybrid-electric-cars\/the-most-depreciating-used-car-models\/<\/a><\/p>\n\n\n\n

There can be little surprise here. Until now the scarcity of second hand EVs has helped to keep second hand prices relatively high.<\/p>\n\n\n\n

Their intrinsic value, however, has always been dubious, given the problems with battery life. Who would want to buy a three year old EV with 60,000 miles on the clock, when it will be  effectively worthless on a few years time?<\/p>\n","protected":false},"excerpt":{"rendered":"

If there\u2019s one thing most buyers of nearly-new cars want to know, it\u2019s what that car is going to be worth when they sell it on.<\/p>\n","protected":false},"author":121246920,"featured_media":255212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":true},"categories":[1],"tags":[691818135],"class_list":{"0":"post-255206","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-ev","10":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0am-tesla-model-3-66.jpg?fit=1920%2C1190&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-14oe","jetpack-related-posts":[{"id":278959,"url":"https:\/\/climatescience.press\/?p=278959","url_meta":{"origin":255206,"position":0},"title":"Volkswagen cuts jobs as demand for EVs\u00a0plunges","author":"uwe.roland.gross","date":"16\/09\/2023","format":false,"excerpt":"Subsidies, wealthy buyers and niche markets only get EV makers so far, it seems. The old problems are still there \u2013 initial cost, range anxiety, slow charging, battery life etc. Moaning about humans supposedly having adverse effects on the weather turns out to be a weak selling point for the\u2026","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0vw-id-crozz-concept-2-1024x683-1.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0vw-id-crozz-concept-2-1024x683-1.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0vw-id-crozz-concept-2-1024x683-1.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0vw-id-crozz-concept-2-1024x683-1.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":433368,"url":"https:\/\/climatescience.press\/?p=433368","url_meta":{"origin":255206,"position":1},"title":"Electric Car Mandates Start To\u00a0Bite","author":"uwe.roland.gross","date":"23\/03\/2026","format":false,"excerpt":"Car manufacturers must ensure that electric cars make up at least 33% of their total registrations this year or face swingeing government fines of \u00a312000 for every car they are short.","rel":"","context":"In \"Car manufacturers\"","block_context":{"text":"Car manufacturers","link":"https:\/\/climatescience.press\/?tag=car-manufacturers"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Electric-Car-Mandates-Start-To-Bite1.jpg?fit=784%2C1168&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Electric-Car-Mandates-Start-To-Bite1.jpg?fit=784%2C1168&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Electric-Car-Mandates-Start-To-Bite1.jpg?fit=784%2C1168&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/0-Electric-Car-Mandates-Start-To-Bite1.jpg?fit=784%2C1168&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":279552,"url":"https:\/\/climatescience.press\/?p=279552","url_meta":{"origin":255206,"position":2},"title":"Motor Industry Demands Subsidies for EVs, as Sales\u00a0Stagnate","author":"uwe.roland.gross","date":"20\/09\/2023","format":false,"excerpt":"When will the motor industry and government get the message that the vast majority of drivers don\u2019t want the useless things?","rel":"","context":"In \"Britain\u2019s car industry\"","block_context":{"text":"Britain\u2019s car industry","link":"https:\/\/climatescience.press\/?tag=britains-car-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0mfrack_realistic_photo_of_future_of_EV_55b41576-f7aa-40d7-ba28-0dbc33178df0.jpeg?fit=1200%2C673&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0mfrack_realistic_photo_of_future_of_EV_55b41576-f7aa-40d7-ba28-0dbc33178df0.jpeg?fit=1200%2C673&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0mfrack_realistic_photo_of_future_of_EV_55b41576-f7aa-40d7-ba28-0dbc33178df0.jpeg?fit=1200%2C673&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0mfrack_realistic_photo_of_future_of_EV_55b41576-f7aa-40d7-ba28-0dbc33178df0.jpeg?fit=1200%2C673&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0mfrack_realistic_photo_of_future_of_EV_55b41576-f7aa-40d7-ba28-0dbc33178df0.jpeg?fit=1200%2C673&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":285941,"url":"https:\/\/climatescience.press\/?p=285941","url_meta":{"origin":255206,"position":3},"title":"Study: Cost of \u2018fueling\u2019 an electric vehicle is equivalent to $17.33 per gallon","author":"uwe.roland.gross","date":"01\/11\/2023","format":false,"excerpt":"The complete costs of \"fueling\" an electric vehicle for 10 years are $17.33 per equivalent gallon of gasoline, a new\u00a0analysis\u00a0from the Texas Public Policy Foundation says. 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