Used EV truck prices are dropping so fast!

[Sjohnson20]

Rivian R1Ts are used on Carvana in the 60s now. They have the lower range F150s for around 43k.

Even the Lucid Airs are down in the 60s now. And the various Kias and Hyundai cars are damn near gas car prices now.

When I started browsing back in December they were much higher. I wonder where the bottom is?

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[baska]

It’s wild to see used EV truck prices dropping so quickly! Rivian R1Ts and Lucid Airs in the 60s are impressive. I've been closely following the EV market in both the US and Canada, and it's been fascinating to see the rapid drop in used prices. I noticed that hyundai canada offers some compelling EV options as well, and their prices seem quite reasonable compared to a few months ago. I wonder how low prices will go.

 

[Woodrick]

Can we just squash this thread? It ends up being fodder for the so-called journalists to create sensationalist articles.

Yes, the used priced decreases.

 

[Gurule92]

Rivian R1Ts are used on Carvana in the 60s now. They have the lower range F150s for around 43k.

Even the Lucid Airs are down in the 60s now. And the various Kias and Hyundai cars are damn near gas car prices now.

When I started browsing back in December they were much higher. I wonder where the bottom is?

It's amazing right? At this rate, even the tax incentives and the better interest rates might be enough to keep me holding out for Non FS CT.

If I see a good quality R1T launch edition (quad motor) for 55k it's going to be game over lol

79000-7500-5350 = 66k so as things stand right now CT is still better if I can ever get NON-FS.

Just have to hooooold and find out

 

[Deleted member 17810]

https://insideevs.com/news/730186/used-ev-prices-q2-2024/

New data from Edmunds shows that EV values have fallen 20.5% year over year. That's a seismic shift. The overall used car market, for reference, has cooled by 6.8% over the same time period. That's a big swing for the market as a whole, but the EV swing is gargantuan. Compared to average used vehicle values during the second quarter of 2022, EV values in Q2 2024 are down a whopping 38.5%.

https://www.edmunds.com/car-news/used-vehicle-prices-undergo-major-course-correction-in-q2.html

 

[carsly]

Used vehicle supply goes up as new manufacturers ramp - BTW this happens even for new models from traditional OEM's (see the C8 Corvette). At the same time, manufactureres are creating lower priced variants because they typically start high priced now and then introduce cheaper trims later as production ramps. Sooo....

....new prices drop...
...used supply starts to go up as 24, 30 and 36 month leases expire....

....and used prices go down. It's not an EV phenomenon. It's a car/truck phenomenon. See the prices of used C8 Corvettes, or Land Rover Defenders or any other in-demand vehicle at launch that once went at/over MSRP and production has caught up with/exceeded demand (thank you mega-inflation and high interest rates). Nothing to see here.

PS and yes, I did pick up a used Tesla Model Y Performance last week ;-)

 

[Cybertruck26]

Is Lucid even gonna be around much longer? Haven't they had a sh*t load of financial problems?

 

[Kaz109]

Is Lucid even gonna be around much longer? Haven't they had a sh*t load of financial problems?

They still have a SUV scheduled for production

 

[Cybertruck26]

They still have a SUV scheduled for production

Wow, no kidding? I didn't hear about that. I'll have to read up on that, I thought they were really struggling. I used to work for a private company of Sergey Brin and I remember when he got his. I got to go for a ride and was super impressed on how luxurious it was. The price point was a shock to me, but- I guess you gotta pay down that r&d somehow.

 

[Ray in montana]

Is Lucid even gonna be around much longer? Haven't they had a sh*t load of financial problems?

Take look at Rivian's balance sheet symbol RIVN on Finviz.com They are losing money on a huge scale. they lose 32k for each truck they sell. There is no way they can stay afloat for long. It would be tough to own one and they go under.

 

[Cybertruck26]

Take look at Rivian's balance sheet symbol RIVN on Finviz.com They are losing money on a huge scale. they lose 32k for each truck they sell. There is no way they can stay afloat for long. It would be tough to own one and they go under.

I actually was just looking at Rivian's quarterly performance. Considering how many I see in the Bay Area I was actually pretty surprised. Tesla definitely has the market share in EV's. I think that's why CS is pretty lacking, the vehicles practically sell themselves (also why they don't really need a marketing dept.), definitely a good position to be in.

 

[Sjohnson20]

I just ordered a used Model S plaid from Tesla, never thought I would ever buy but the prices are going so low.

 

[Mini2nut]

This 997 mile cream puff can be yours for $107k.

https://www.huntingtonbeachford.com...bertruck-Foundation++Series-7G2CEHED9RA004436

 

[Kaz109]

Wow, no kidding? I didn't hear about that. I'll have to read up on that, I thought they were really struggling. I used to work for a private company of Sergey Brin and I remember when he got his. I got to go for a ride and was super impressed on how luxurious it was. The price point was a shock to me, but- I guess you gotta pay down that r&d somehow.

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