USED EV SALES WAY UP, SURPASS NEW
#1
#2
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Der-Schwabe (10-23-2023)
#3
And Porsche is dead last.
#4
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!
#5
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!
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.
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AlexCeres (10-28-2023)
#6
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.
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.
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Dr. G7 (10-28-2023)
#7
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.
Last edited by ipse dixit; 10-24-2023 at 11:45 AM.
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#8
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.
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AlexCeres (10-28-2023)
#9
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.
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.
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RingoDingo (12-01-2023)
#10
One of the advantages of leasing is you only have to pay sales taxes on each month's payment.
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LeftLane50mph (10-25-2023)
#11
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? :-)
Last edited by Spyerx; 10-27-2023 at 12:13 PM.
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#13
that’s almost exactly what PFS quoted me. Internet is just deluded.
#15
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.
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