"On Oct. 6, a Southern California car dealership (@alfa.romeo.of.san.jose) posted a TikTok claiming that electric vehicles depreciate at a much higher rate than the average car, encouraging consumers to purchase used electric vehicles instead. Don't buy a new electric car, the salesman said. For 55 grand, Tesla Model 3 Performance has a killer 0 to 60 time, he said. I don't think there's any other car in the market that can actually achieve that."
"But would you still buy the car if you knew that it's gonna be worth 40% less within the first year? He clarified that this phenomenon applies not just to Teslas but to other electric vehicles as well. That's not the only example, he added. I mean, we have Lucid Air Grand Touring. That's a $100,000 car brand new, and within two years it's worth about half."
A San Jose car salesman posted a TikTok arguing that new electric vehicles depreciate faster than average and encouraged buyers to opt for used EVs. He highlighted a Tesla Model 3 Performance that he said could lose about 40% of its value in the first year and cited a Lucid Air Grand Touring losing roughly half its value in two years. He suggested manufacturer incentives like rebates and free charging are negligible compared with early depreciation. He pitched used high-performance EVs as bargains. Many commenters were skeptical and pointed out that all cars depreciate, suspecting a sales motive.
Read at insideevs.com
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