I was looking at used Evs and I keep seeing 1 or 2 yr old VW id4s with very little miles for like $25-30k. Is there a reason why they lose their value so quickly? I even saw a 2022 Pro S with 2k miles for $28k. Someone basically lost $20k driving it off the lot 😓

  • shivaswrathBEnglish
    1·
    10 months ago

    I mean…that’s good for the population.

    We didn’t have many used EVs outside of Teslas before.

    Tesla dropped prices. Used prices dropped.

    This makes it common and accessible to all! That’s why Honda Civics rock, virtually anyone can get into one.

  • canfam5000BEnglish
    1·
    10 months ago

    From Covid to until 3 months ago, new cars were selling well above over MSRP (ie - market adjustments, mandatory add-ons, etc.) The same was the case with the used car market. It was a sellers market.

    Prior to this unusual phase, it was the norm to get discounts when buying cars, and we have returned to this era.

  • rgold220BEnglish
    1·
    10 months ago

    Tesla started the price war. Good for new buyer bad for the one that already bought a car in 2022

  • sablerock7BEnglish
    1·
    10 months ago

    Everyone is waiting for the ‘24s with an updated (read: less buggy) infotainment system.

    • bhauertsoBEnglish
      1·
      10 months ago

      That will ship and then everyone will be waiting for the '26s with the updated less buggy infotainment system.

  • WhatsUpB1tchesBEnglish
    1·
    10 months ago

    There are issues with earlier ID4s, and VW has not done well addressing them. Bad software problems, production issues,etc…… they are better now but if I am dropping $40-55k on a vehicle, I’m not buying one that has a recent history of problems.

  • Majestic_Fox_428BEnglish
    1·
    10 months ago

    All EVs depreciate badly. My 2023 Ioniq5 SEL AWD with 7k miles only got offered 25k on Carvana. Yes I basically lost 20k even after 7500 lease cash and 3500 state rebate. It’s terrible, I wish I waited to buy a barely used one. How things have changed in a year.

  • ScuffedBalataBEnglish
    1·
    10 months ago

    The ID.4 doesn’t compete that well on a pure feature-sheet comparison against other EVs from Tesla, Hundai, Kia, etc.

    People who buy them are doing it on brand loyalty and/or a hope their interior and materials quality will be higher than Tesla, Hyundai, etc. But in my experience with my friend’s ID.4, they don’t really shine THAT much in just pure feelings of quality. It’s no Mercedes.

    So they don’t sell well.

  • GasseousFumeBEnglish
    1·
    10 months ago

    Well at least it creates a lower point of entry for people like me that prefer to buy slightly used vehicles.