ThomasCarreraGTS

https://insideevs.com/news/692585/us...st-since-2021/

Jonathan S.

Although the article’s headline tries to create that impression, according to the quantitative information in the article, the number of used electric vehicles sold over the period examined was less than one third that of new electric vehicles.

Dr. G7

And Porsche is dead last.

ThomasCarreraGTS

Yeah, but Porsche is a high end (almost exotic) and expensive brand. Wouldnt expect it to be a volume leader. I just thought the trend was interesting, in light of many people on here being concerned with the Taycan sales drops. But so far it seems this article was not a popular one!

Archimedes

Sales drops? Porsche’s 3Q sales figures showed a 55% increase in NA Taycan sales in Q3, and worldwide YTD Taycan sales were up 11% over last year. Taycan sales continues to exceed Porsche’s forecast expectations.

One would expect Taycan sales to fall off as the mid cycle refresh approaches, not to mention the economic headwinds, but it hasn’t happened yet. Irrespective of Internet anecdotes about inventories.

Drifting

The Taycan used values certainly aren’t keeping up. Seems that many people buy a shiny new Taycan and then have second thoughts.

ipse dixit

Used Taycan prices are basically neck and neck with used Maserati prices.

Like most EVs nowadays, the Taycan has become a disposable lease specials. No one (figuratively speaking) buys these things. Lease, return, rinse and repeat.

Yes, even with the stupid rates PFS is offering on leases, it still makes sense -- finnancially and otherwise -- to lease a Taycan. You don't want to be stuck with one of these thins long-term and having to unload on the open market. The depreciation will be tougher to take than the lease rates.

Archimedes

No different than every other high end luxury sedan out there, which everyone knows depreciate heavily during the first three years. Buyers should assume losing 50 percent of value in the first three years.

Archimedes

Lease residuals are so low, you’re paying for it either way. If one can’t stomach depreciation, don’t buy a luxury sedan.

ipse dixit

True, no doubt depreciation and "luxury sedan" are essentially synonyms at this point.

One of the advantages of leasing is you only have to pay sales taxes on each month's payment.

Spyerx

This was 100% expected, used German luxury sedan residuals/depreciation are terrible. It's like during this era of free money everyone forgot what happened for the prior 50 years. Even sports car values are dropping fast again. Including for rare models.

It's about damn time the market took its head out of its *** on these things, that cars outside very rare exceptions are not investible assets. The Taycan, especially a 1-2 year old lower mile one is a great buy right now.

Also, the current market rhetoric on ev vs ice vs hybrid sales is boring, short sighted, and exhausting. Toyota seems to be gloating at the moment, and even made a compare of Prius ($27k base about) to bz4x (42k base) and how the Prius is outselling the bz4x. Well no ****, it's 50% more expensive an interest rates are INSANE right now. But Toyota is claiming this as a "told you so" moment. All Toyota has in its favor right now is a portfolio of cheap good cars. Toyota and others will get their asses handed to them once the Chinese cars hit the market here in mass. And watch what happens with EV are "good enough" and $25k. It'll be no different than when the Japanese entered the US market or the Koreans entered the US market.

Porsche, I don't even think about in this context. It's a mostly-niche luxury good. And will (mostly) continue in that way. People pay more for the badge right? :-)

Dr. G7

There were other high end brands. None with the deep and steep fall

AlexCeres

that’s almost exactly what PFS quoted me. Internet is just deluded.

AlexCeres

PFS also wanted to charge me over twice the interest rate. So the lease deal wasn’t good. You’re eating the depreciation either way.

bluelines1974

Exactly right. It's so bizarre that people are surprised that a $150k sedan doesn't hold its value, particularly in the case of the Taycan when they have the direct comparison of the Panamera to see how this story plays out. It's also odd that people are so fixated on range and future battery tech being the main driver of this. I'm pretty confident a Taycan will hold its value better than the ultra-long-range Lucid Air, or a Model S, regardless of the range disparity. People aren't buying Taycans to do cross-country journeys, any more than they are buying any other car to do so. It's just not the main driver of the purchase for buyers of these kinds of luxury products.