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  • Earlier than predicted

    From Gordon@21:1/5 to All on Tue Jun 18 01:55:47 2024
    https://www.iseecars.com/used-car-prices-study

    This is for cars in the USA, however the points made are interesting.

    This site loves data so dive in and poke around.

    "The study analyzed over 2.2 million 1- to 5-year-old used cars sold in May 2023 and 2024 and found that the average used EV price is down 29.5 percent year-over-year versus 6.1 percent for the average used gas car price.
    In May 2024, the average used electric vehicle was priced at $28,767,
    or 8.3 percent below the average gas car at $31,424. These prices show a
    major turnaround from a year ago, when the average used EV cost $40,783
    and the average used gas car cost $33,469." (US $)

    As the article says there is sign of the EV's price bottoming out. We may
    see a stock market like crash.

    A second question is why are people no longer wanting to buy EVS in such numbers? Surely it is not that a dose of the real world has shown what
    reality is.

    Do we need more power plants or just organic green ones?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Willy Nilly@21:1/5 to Gordon on Tue Jun 18 02:09:14 2024
    On 18 Jun 2024 01:55:47 GMT, Gordon <[email protected]> wrote:
    Do we need more power plants or just organic green ones?

    Yes, let's clear-fell all our forests to feed the green-approved
    "biomass" power plants which burn green-approved "wood pellets" -- a green-approved phrase which means to clear-fell all our forests.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From David Goodwin@21:1/5 to All on Tue Jun 18 17:03:57 2024
    In article <[email protected]>, [email protected]
    says...

    https://www.iseecars.com/used-car-prices-study

    This is for cars in the USA, however the points made are interesting.

    This site loves data so dive in and poke around.

    "The study analyzed over 2.2 million 1- to 5-year-old used cars sold in May 2023 and 2024 and found that the average used EV price is down 29.5 percent year-over-year versus 6.1 percent for the average used gas car price.
    In May 2024, the average used electric vehicle was priced at $28,767,
    or 8.3 percent below the average gas car at $31,424. These prices show a major turnaround from a year ago, when the average used EV cost $40,783
    and the average used gas car cost $33,469." (US $)

    As the article says there is sign of the EV's price bottoming out. We may
    see a stock market like crash.

    A second question is why are people no longer wanting to buy EVS in such numbers? Surely it is not that a dose of the real world has shown what reality is.

    Do we need more power plants or just organic green ones?


    At least part of the decline in used values is likely attributable to
    the rapid decline in new EV cost. There is a lot more competition in the
    market than there was a few years ago while increased manufacturing
    scale is helping to bring costs down.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)