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Its looking even worse (Or better for a buyer) for electric cars. A cursory craigslist search shows a 2014 Fiat 500e for ~7.5k @33k miles and Nissan Leafs for a

Its looking even worse (Or better for a buyer) for electric cars. A cursory craigslist search shows a 2014 Fiat 500e for ~7.5k @33k miles and Nissan Leafs for as little as ~5k @42k miles. All with clean titles. A used Model S 60 (2013) can be found for ~40k @60k miles, which I think is good but not great, especially considering the quality issues early on. I'm waiting to pounce on 1st generation electric cars that will be hitting the used market when the Model 3 is mass produced. The reason I haven't bought yet is that my current hybrid is fine and I expect used electric car prices to drop even further.

olivermarks 9y ago
Production of the Chevrolet Bolt has stopped due to lack of demand and bulging inventory, part of the overall problem discussed on this thread http://fortune.com/2017/07/17/gm-shutdown-chevy-bolt-supply/ http://fortune.com/2017/07/17/gm-shutdown-chevy-bolt-supply/
- dangrossman 9y ago
  All other articles and GM comments say that the extended summer shutdown is to increase Bolt supply, not because there is too much supply already. The Bolt outsold both of Tesla's vehicles last month. The Sonic has weak sales, so during the shutdown they're reconfiguring the plant to make 1 Bolt for every 1 Sonic, where it was 1:2 before.
  - olivermarks 9y ago
    Do you have a link to support this? My comment/link wasn't a dis of EV's, it was pointing out the glut of inventory GM are sitting on, including EV's. If you are interested in a Bolt now would be an excellent time to bargain for one at the dealership...
    - olivermarks 9y ago
      https://www.thestreet.com/story/14234261/1/chevy-bolt-is-a-damn-good-electric-car-so-why-are-sales-suffering.html https://www.thestreet.com/story/14234261/1/chevy-bolt-is-a-d...
    - dangrossman 9y ago
      http://insideevs.com/general-motors-comments-bolt-inventory-6-per-certified-dealership-nationwide/ http://insideevs.com/general-motors-comments-bolt-inventory-... https://cleantechnica.com/2017/07/21/chevy-bolt-production-insiders-viewpoint/ https://cleantechnica.com/2017/07/21/chevy-bolt-production-i...
      - olivermarks 9y ago
        thanks! Both pro EV sites, but useful perspective and intel...
    - rconti 9y ago
      Wow. I wonder how much of it has to do with the Model 3 (supposedly) being right around the corner. My wife's next car will likely be electric; we haven't looked at the Bolt YET but when the Model 3 hits of course we'll be shopping all of the competition.
  - woodandsteel 9y ago
    >The Bolt outsold both of Tesla's vehicles last month. The article says GM sold only 7,592 Bolts in the first six months of this year. Tesla sold way more, and it makes a much higher profit per vehicle. I don't know why Bolt sales are so low. When it came out the reviews were all very positive, and they said it would be strong competition for the Tesla Model 3. But the Tesla already has several hundred thousand pre-orders, whereas the Bolt is basically going no where.
    - chiph 9y ago
      Low quality interior plastics could be a turnoff for many people.
    - chc 9y ago
      The Bolt wasn't even available in most states for the first six months of the year. That would probably account for low sales.
      - woodandsteel 9y ago
        >The Bolt wasn't even available in most states for the first six months of the year. It's been nearly a year since it was released. If they still can't ramp up production, then the whole project is pretty hopeless. Besides, the article says they are halting production because it isn't selling. In any case, are you predicting that in another few months it will be selling tens of thousands a month and finally be a real success? Well, we will see.
    - ams6110 9y ago
      Tesla is a status symbol. Chevy is not. The true demand is for the Tesla brand, not the electric vehicle.
      - woodandsteel 9y ago
        Doesn't matter. Teslas are selling, Bolts are not. And the Model 3 is not a status luxury car.
klipt 9y ago
Once self driving cars arrive all others will be obsolete.
ryandrake 9y ago
As someone who at one point considered a 500e, why so cheap in the aftermarket? Are they really falling apart this quickly?
- winslow 9y ago
  Potentially. But I think it's also the fact that dealerships are leasing out the 500e at $99 or even $59 a month for 3 year deals. So why even buy a used 500e when you can get a brand new one for <$100 a month or $1200 a year.
  - esaym 9y ago
    I doubt it is $1200 a year. More than likely the full coverage insurance would be $100-$200 a month also.
- pyoung 9y ago
  From my understanding, a lot of it has to do with a combination of the subsidies that are being offered and with the rapid increase in range of newer models. For example, my buddy in Boulder, CO bought a brand new Nissan Leaf for ~$12k (MSRp ~$30k). In addition to the state/federal credits, the local utility was offering $12k rebates or something like that. Combine that with the fact that some of the early models had really low range (I think the early Leafs were below 80 miles) and I could see why the used market is behaving the way it is.

olivermarks 9y ago

Production of the Chevrolet Bolt has stopped due to lack of demand and bulging inventory, part of the overall problem discussed on this thread http://fortune.com/2017/07/17/gm-shutdown-chevy-bolt-supply/ http://fortune.com/2017/07/17/gm-shutdown-chevy-bolt-supply/

dangrossman 9y ago
All other articles and GM comments say that the extended summer shutdown is to increase Bolt supply, not because there is too much supply already. The Bolt outsold both of Tesla's vehicles last month. The Sonic has weak sales, so during the shutdown they're reconfiguring the plant to make 1 Bolt for every 1 Sonic, where it was 1:2 before.
- olivermarks 9y ago
  Do you have a link to support this? My comment/link wasn't a dis of EV's, it was pointing out the glut of inventory GM are sitting on, including EV's. If you are interested in a Bolt now would be an excellent time to bargain for one at the dealership...
  - olivermarks 9y ago
    https://www.thestreet.com/story/14234261/1/chevy-bolt-is-a-damn-good-electric-car-so-why-are-sales-suffering.html https://www.thestreet.com/story/14234261/1/chevy-bolt-is-a-d...
  - dangrossman 9y ago
    http://insideevs.com/general-motors-comments-bolt-inventory-6-per-certified-dealership-nationwide/ http://insideevs.com/general-motors-comments-bolt-inventory-... https://cleantechnica.com/2017/07/21/chevy-bolt-production-insiders-viewpoint/ https://cleantechnica.com/2017/07/21/chevy-bolt-production-i...
    - olivermarks 9y ago
      thanks! Both pro EV sites, but useful perspective and intel...
  - rconti 9y ago
    Wow. I wonder how much of it has to do with the Model 3 (supposedly) being right around the corner. My wife's next car will likely be electric; we haven't looked at the Bolt YET but when the Model 3 hits of course we'll be shopping all of the competition.
- woodandsteel 9y ago
  >The Bolt outsold both of Tesla's vehicles last month. The article says GM sold only 7,592 Bolts in the first six months of this year. Tesla sold way more, and it makes a much higher profit per vehicle. I don't know why Bolt sales are so low. When it came out the reviews were all very positive, and they said it would be strong competition for the Tesla Model 3. But the Tesla already has several hundred thousand pre-orders, whereas the Bolt is basically going no where.
  - chiph 9y ago
    Low quality interior plastics could be a turnoff for many people.
  - chc 9y ago
    The Bolt wasn't even available in most states for the first six months of the year. That would probably account for low sales.
    - woodandsteel 9y ago
      >The Bolt wasn't even available in most states for the first six months of the year. It's been nearly a year since it was released. If they still can't ramp up production, then the whole project is pretty hopeless. Besides, the article says they are halting production because it isn't selling. In any case, are you predicting that in another few months it will be selling tens of thousands a month and finally be a real success? Well, we will see.
  - ams6110 9y ago
    Tesla is a status symbol. Chevy is not. The true demand is for the Tesla brand, not the electric vehicle.
    - woodandsteel 9y ago
      Doesn't matter. Teslas are selling, Bolts are not. And the Model 3 is not a status luxury car.

klipt 9y ago

Once self driving cars arrive all others will be obsolete.

ryandrake 9y ago

As someone who at one point considered a 500e, why so cheap in the aftermarket? Are they really falling apart this quickly?

winslow 9y ago
Potentially. But I think it's also the fact that dealerships are leasing out the 500e at $99 or even $59 a month for 3 year deals. So why even buy a used 500e when you can get a brand new one for <$100 a month or $1200 a year.
- esaym 9y ago
  I doubt it is $1200 a year. More than likely the full coverage insurance would be $100-$200 a month also.
pyoung 9y ago
From my understanding, a lot of it has to do with a combination of the subsidies that are being offered and with the rapid increase in range of newer models. For example, my buddy in Boulder, CO bought a brand new Nissan Leaf for ~$12k (MSRp ~$30k). In addition to the state/federal credits, the local utility was offering $12k rebates or something like that. Combine that with the fact that some of the early models had really low range (I think the early Leafs were below 80 miles) and I could see why the used market is behaving the way it is.