In recent years, the prices of new cars have skyrocketed.
For example, the price of an average Volkswagen was SEK 261,000 in 2019, while the corresponding figure for 2023 was SEK 395,000. That is an increase of a whopping 52 percent.
Part of the explanation is likely that more and more electric cars are being sold, which tend to cost more than their petrol and diesel counterparts.
DON’T MISS: That’s how much new car prices have skyrocketed
Used electric cars are getting cheaper
The high prices of new electric cars leave room for large losses in value, and many electric wagons with a few years behind them have lost a lot of their value.
The used dealer Wayke has made a compilation of how the used market for electric cars has developed in recent years.
Over the past year, the average price of used electric cars has fallen by 14 percent, and in two years the decline is 30 percent. This without factoring in inflation of around 10 percent during the period.
DON’T MISS: The threat to 800,000 cars in Sweden – when 2G and 3G are shut down
Bargain mode on used electric cars
Part of the explanation for the drop in prices is that the supply of used electric cars has quadrupled in the past two years.
According to Wayke’s figures, some models of electric cars have lost between 40 and 50 percent of their value, compared to what they cost new.
– If you want to buy an electric car, especially if you’re switching from a petrol or diesel, it’s a bargain right now, says Wayke CEO Martin Fransson in a press release.
DON’T MISS: Most expensive electric car to insure – SEK 50,000 a year
The electric cars that lost the most in value
The car model that, percentage-wise, has lost the most value is the Peugeot e-2008 from 2022. An example that has driven 5,000 miles has lost 47.4 percent of its original value. After 5,394 miles, the car’s value has halved.
Next comes the 2021 BMW i3s with the 120 Ah battery, which lost 43.1 percent of its value after 5,000 miles and halved in value after 6,141 miles.
In third place we find the van Renault Kangoo ZE Express Maxi from 2019 with a battery of 33 kWh. After 5,000 miles, it has lost 42 percent of its value, and has halved in value after 6,358 miles.
Fourth place is occupied by the Nissan Leaf from 2022. An example that has traveled 5,000 miles has lost 39.4 percent of its value, while the value is halved after 6,930 miles.
DON’T MISS:
Electric cars losers with new rules – this is how you avoid the costs