Volkswagen Group : Used electric vehicles could undermine billions of euros in the second-hand market.
Recently, an overseas business consulting agency launched a survey on the value retention rate of second-hand cars, and found that second-hand electric vehicles are not in demand in the second-hand car trading market, and the residual value of second-hand electric vehicles is far less than that of fuel vehicles, according to the survey, there is a view that this will cast a shadow on the second-hand car trading market.
At the same time as the investigation was revealed, the head of the financial department of the Volkswagen Group also said that used electric vehicles could undermine billions of euros in economic gains in the second-hand market.
Second-hand cars** is an unavoidable problem in the world's automobile market, many buyers will consider the value retention rate of the purchased vehicle when replacing the new car in a few years, so the recent famous business consulting agency iseecarscom also conducted a survey on the used electric vehicles in the last year, and they found that the residual value of electric vehicles in the past year was one-third, but at the same time, the residual value of the entire used car industry is only **5%, which means that electric vehicles are very unworthy.
In addition, the sales cycle of second-hand electric vehicles is also far higher than that of second-hand fuel vehicles, the main reason is that second-hand electric vehicles do not enjoy subsidies, so there is no one to care, for example, Norway, which has the highest penetration rate of electric vehicles, local second-hand dealers also have a large number of second-hand electric vehicles can not be sold.
According to the survey, a number of reasons have led to the second-hand electric vehicle *** In addition to the lack of subsidies for second-hand electric vehicles, one of the important factors is Tesla's ** battle (Tesla lowered the guide price).
The operation of the official price reduction of new cars has hit the entire second-hand electric vehicle market, coupled with the fact that charging piles in some areas are not popular, so that the number of people who choose electric vehicles has begun to decrease, whether it is the European market or China and the United States, two important tram markets have such a situation, China's Pearl River Delta region - Guangdong-Hong Kong-Macao Greater Bay Area charging pile penetration rate is extremely high, but the tram penetration rate in western Guangdong and Guangxi is much less, and similar situations also exist in the European and American markets.
It is worth mentioning that the business consulting agency that initiated this survey, iseecarscom also expects that the discount of electric vehicles will be more serious in 2024, because most of the electric vehicles in the European market are provided in the form of leasing, and in 2024, there will be a large number of electric vehicle leasing contracts to flow into the second-hand market, and the number of second-hand pure electric vehicles that cannot be sold will increase significantly, which will most likely have a great negative impact on the second-hand residual value of electric vehicles.
Christian Dahlheim, head of the Volkswagen Group's financial department, said that every time a car depreciates by 1%, then his department's earnings will be affected by 1%, and a large-scale depreciation of the entire second-hand electric vehicle market will likely have a huge impact on the Volkswagen Group's financial division to reduce billions of euros in earnings, which will be catastrophic.
Earlier, the European Union announced the postponement of the ban on fuel vehicles on the road, and the United Kingdom followed suit, which shows that the EU market is basically quite resistant to vehicle electrification (especially the automobile countries Germany and France, etc.), so that the life of pure electric vehicles in the EU market will not be particularly good. What do you think about the topic of the value retention rate of used electric vehicles?Please share your views and opinions in the comments section.