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 😓
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.