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First time buyers don't care about repair-ability, because they own their car on a lease for 3 to 5 years and then get a new one. Because within this lifespan n
by PinguTS 4y ago
First time buyers don't care about repair-ability, because they own their car on a lease for 3 to 5 years and then get a new one. Because within this lifespan normally there are no repairs and if so, then they are covered by the manufacturer guaranteed.
It is the secondary market that care about this. The market here would be then, if there would be such a manufacturer, then the cars on the secondary market hold better value then the others. So that the market value of the other cars vanished. That would increase the premiums on the lease for the first time buyers. So then the first time buyers may consider the more cheaper lease.
That is a very complex market. For that reason it is easier for the OEM to focus only on the first time buyer than the secondary market. Also they want to sell cars. So they shouldn't be around for too long.
Disclaimer: I work with automotive industry. I own mainly historic cars. My newest is an Volvo S60, which I bought brand new from factory ordered to my specification in 2001. Now the repairs are eating me with 2.000 EUR to 3.000 EUR every f-ing year.
- radicalbyte 4y agoThe issue is the delta-time: there is only a competitive advantage to resale value once the repairable cars have hit the secondary market and start needing repairs. Then you're talking 7-10 years. Currently the demand on EVs is so high that good EVs hold their resale value even with poor repairability.