Archive for August, 2016

When it comes to your electric car and the potential to ever sell it again, lets face it unless you have the word Tesla written across the trunk you are not going to see much if any real  money for it when its time to sell. In fact if you have a leaf or volt with low mileage and nothing internally wrong with it you are going to find that it goes for the price of any beater in that year. So why is this the case ?

There are many reasons why electric car resales are so poor and why the deck is so stacked against you when you are trying to get rid of your old electric car. The reason being for is is that the cars themselves were way to highly valued at the onset. In fact we see time and time again that companies are trying to offset their R and D costs and are really delivering products that aren’t really ready to get on the market.

That is not the only reason another reason is that the technology is largely antiquated when it hits a certain time frame. The people who want electric cars usually are not going to settle for something that is crappy and a lot of the resales today are just that, crappy. gat

Apparently most of the people are not willing to live with the asterisk or few others can accompany the lire with a used electric car. According to the pricing authority of Black Book, the so called retail values for the used 2013 Nissan Leaf is down in the gutter and are at an average just 22 percent of the original MSRP, somewhere $8000, which is pretty remarkable when you think that a toyota truck is going to be at that range that is almost 20 years old. A three year old Leaf which when new is going to cost you about 30K or 40K considering on the state and the incentives you are going to get. The returned from lease gets sold at wholesale auction now for just around 6K so on average that is no more than 18 percent of the origonal MSRP.

“the auto industry hasn’t really seen something like this in a while, it kink of mirrors the electronics industry says David Chang. “in the past there has been this trend of having electric vehicles look very different. do you really want to drive that?”

So when we look at why everyone is bad at this maybe we should begin and look at who is good and how they are able to differentiate themselves in this regard. “Tesla resale values are an anomaly if you look at the electric car competitive set. The Model S finally have eco conscious consumers something that fit their image.” 

That is just it. Besides making a product that blows these others out of the water in terms of performance and just all around styling. What makes Tesla special is that they were able to manufacture an identity.