There was a 30% decrease in one year
In the said research, sales sold in May 2023 and 2024 were examined. 2.2 million vehicles between 1-5 years old It was discussed. According to iSeeCars data, the value of a second-hand electric vehicle in May 2024 will, on average, be less than that of an internal combustion vehicle. 8.5% lower It seems to be. Looking at the last 12 months, the value of second-hand electric vehicles From 41 thousand dollars to 29 thousand dollars It has fallen so much. Rate of decline in one year %30 It seems to be. In the same period, the value of internal combustion vehicles remained almost the same ($31 thousand) is seen.
| Oh | Cover. Electric | Cover. internal combustion | Difference | Percentage |
| May 2024 | $28,767 | $31,424 | -$2,657 | -8.5% |
| Nisan 2024 | $29,066 | $31,391 | -$2,325 | -7.4% |
| Mart 2024 | $29,925 | $31,015 | -$1,090 | -3.5% |
| February 2024 | $30,904 | $31,169 | -$265 | -0.9% |
| January 2024 | $33,275 | $31,689 | $1,586 | 5.0% |
| December 2023 | $33,572 | $29,789 | $3,783 | 12.7% |
| November 2023 | $34,275 | $30,116 | $4,159 | 13.8% |
| October 2023 | $34,994 | $30,906 | $4,088 | 13.2% |
| September 2023 | $34,926 | $31,147 | $3,779 | 12.1% |
| August 2023 | $36,161 | $31,446 | $4,715 | 15.0% |
| July 2023 | $38,797 | $32,251 | $6,546 | 20.3% |
| June 2023 | $40,916 | $32,715 | $8,201 | 25.1% |
What are the reasons for the decline?
iSeeCars analyst Karl Brauer said that this decline Oversupply of electric vehicles For these vehicles, although demand is low He says it is because of and the decline may continue states.
Electric cars lose value faster than internal combustion models, Decreasing costs of electric vehicles, increasing range values and charging speeds with the development of battery technologies There are also reasons such as. For this reason, old vehicles lose value rapidly. Although this situation is a bad situation for those who buy or want to buy a new electric vehicle, on the bright side, it can be seen as an opportunity for users who are considering a second-hand electric vehicle.
How is the situation in Turkey?
Also in electric vehicles in Turkey a similar situation aforementioned. However, the value loss of electric vehicles in our country is not that high. According to data from automotive data company Cardata, second-hand electric cars in Turkey will increase on average in 2023 compared to the previous year. It lost 4.14% value. Of course, in our country high inflation is an important factor in this case. Real depreciation is much higher We can say that it is.
Source
https://www.carscoops.com/2024/06/electric-shock-used-evs-are-now-cheaper-than-used-ice-cars/
https://www.hurriyet.com.tr/ekonomi/2-el-otomobilde-elektrik-kaybi-hurriyet-turkiyedeki-elektrikli-otomobillerin-son-bir-yildaki-fiyat-degisimini-cikardi-42401185
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