Second-hand electric car sales crashed in Germany! Here’s why

A worrying trend has been revealed regarding second-hand electric cars in Germany, especially SUVs. These vehicles lose value rapidly after purchase. While the sales prices of new electric vehicles are decreasing, lightly used second-hand electric vehicles are experiencing a serious loss in value in the market.

The second-hand electric car industry in Germany has reached an impasse

While the sales prices of new electric cars are decreasing, the value of young used vehicles is decreasing significantly. For example, the new price 43 thousand 600 Euros An electric vehicle with three years and 60 thousand kilometers In the end it’s just For 18 thousand 800 Euros is falling.

This, 57 percent It means a significant loss of value. German consulting firm beryllsAccording to ‘s analysis, this situation puts the new model second-hand electric vehicle market in a difficult situation. Berylls examines the reasons for this loss of value in electric vehicles.

General interest in electric vehicles decline in demand, stands out as an important factor in this loss of value. Additionally, the launch of new models that are cheaper and have higher range is reducing the demand for second-hand electric cars.

Especially large and expensive electric SUV’Vehicles stand out as the most affected segment in the young second-hand vehicle market. The resale of these vehicles is becoming increasingly difficult. Beryls, 2023 Registered in Germany in 524 thousand The new electric car has a total of approximately 3 billion Euros lost value calculating.

This averages out to approximately 5 thousand 700 It means a loss of euros. According to Berylls’ analysis, the current BEV (Battery Electric Vehicle) generation does not appear to be promising in the second-hand vehicle market.

This situation leads to a serious contraction in demand in the used electric vehicle market. Berylls recommends car manufacturers, dealers and leasing companies to reconsider their business models.

Berylls’ suggestion is to replace automobile dealers’ sales leasing and subscription towards turning to models. Experts state that in the current situation, only the damages can be reduced.

It is stated that offering electric vehicles through leasing or subscription instead of sales can reduce the value loss of these vehicles and create a more sustainable solution for sellers and buyers. This approach can alleviate market fluctuations and contribute to a more balanced structure of the second-hand electric vehicle market.

These dramatic changes in the used electric vehicle market raise important questions about the future of the electric car industry. So what do you think about this issue? You can write your opinions in the comments section below.