3 ms·

ICE resale is tanking already and no way it can bounce back ever again. Electric is just a superior technology minus charging time. I'm about to buy my first c

ICE resale is tanking already and no way it can bounce back ever again. Electric is just a superior technology minus charging time. I'm about to buy my first car and while I can't afford an EV I'm very grateful for EVs dropping the 2nd hand market so hard. Currently Mazda 2 from 2020 is half the price of a new BYD Dolphin here and if I needed to drive more I'd get the latter but for that price a cozy road trip rain shelter is too hard to resist!

ffsm8 2y ago
Interesting, I just checked on the most popular used car listing site for my region to check if things changed since the last time I was interested - at least in my region, electric cars deprecate massively more here even now. You get a price drop of 60-70% within 40-60k km for electric vehicles, the ICEs usually only drop by ~50% by 80-100k km. That's less deprecation despite higher usage. And these electric cars are mostly ~4 years old while the ICEs are 6+ years old. At least in my region, ICEs resell way, way better /Edit: the Mazda 2 costs 21k€ new, the byd dolphin 30k. If you're buying a 4years old Mazda for 1/2 of the price of a new byd dolphin, you're actually paying 70% of the list price of the Mazda. That's kinda proving how high ICEs are reselling vs the electric vehicles. The equivalent electric vehicle would've deprecated more
- wraptile 2y ago
  Seems like our regions have vastly different markets. For the record I'm in Thailand that manufactures BYD and Mazda cars. New Mazda 2 starts at 21k usd and new byd dolphin at 15k. Obviously there's no real 2nd hand market for the Dolphin yet but 5 year old Mazda 2 I'm looking at rn is at 10k so -50% in 5 years which is just massive! The 2nd hand ICE market is so doomed. ICE cars gonna lose value real fast the further EV revolution goes because why would I buy a used ICE car when I can buy a new EV that has 10 times the fuel efficiency and no basically no maintenance overhead? It's a better car in every single aspect minus the refuel time.

ffsm8 2y ago

Interesting, I just checked on the most popular used car listing site for my region to check if things changed since the last time I was interested - at least in my region, electric cars deprecate massively more here even now. You get a price drop of 60-70% within 40-60k km for electric vehicles, the ICEs usually only drop by ~50% by 80-100k km. That's less deprecation despite higher usage. And these electric cars are mostly ~4 years old while the ICEs are 6+ years old. At least in my region, ICEs resell way, way better /Edit: the Mazda 2 costs 21k€ new, the byd dolphin 30k. If you're buying a 4years old Mazda for 1/2 of the price of a new byd dolphin, you're actually paying 70% of the list price of the Mazda. That's kinda proving how high ICEs are reselling vs the electric vehicles. The equivalent electric vehicle would've deprecated more

wraptile 2y ago
Seems like our regions have vastly different markets. For the record I'm in Thailand that manufactures BYD and Mazda cars. New Mazda 2 starts at 21k usd and new byd dolphin at 15k. Obviously there's no real 2nd hand market for the Dolphin yet but 5 year old Mazda 2 I'm looking at rn is at 10k so -50% in 5 years which is just massive! The 2nd hand ICE market is so doomed. ICE cars gonna lose value real fast the further EV revolution goes because why would I buy a used ICE car when I can buy a new EV that has 10 times the fuel efficiency and no basically no maintenance overhead? It's a better car in every single aspect minus the refuel time.