a record and accelerating depreciation

a record and accelerating depreciation
a record and accelerating depreciation

This is an alarming observation made by auto dealers. The time for resale of second-hand cars has increased (more than 119 days on average in September 2024) mainly because of electric vehicles (169 days in September 2024).

The average price of electric vehicles fell to €21,990 over the quarter, or €1,000 less (-4.3%) than in June 2024. Over one year, the price of electric vehicles fell by -19.4%, the equivalent of €5,309, the largest drop for all engines combined according to a study by La Centrale.fr.

The biggest drop for all engines combined

Fleets are filling up with electric cars with the end of long-term rental contracts contracted in 2021. Vehicles that give professionals a cold sweat.

The spectacular depreciation in the price of electric vehicles can be explained in particular by the speed of their technological evolution, which leads to a more marked obsolescence of these models on the second-hand market without forgetting their price.

Cut prices

Prices that are far too high compared to those of new cars which benefit from numerous aids and attractive rents.

« As a result, professionals have no other choice but to cut prices, which has resulted since the spring in a sharp drop in the average price (around €21,800 in September 2024 compared to €30,000 a year before). ). Therefore, good deals are emerging for electrophile buyers, especially on compact and family vehicles which are difficult to sell. » explains Olivier Flavier, Vice-President leboncoin mobility.

Hybrids stand out

On the other hand thehe prices of used hybrid vehicles show relative stability. Over the quarter, the price of gasoline hybrids saw a slight decrease of -1.7% to show an average price of €31,890.

This relative stability of used hybrids can be explained in particular by demand which is growing more quickly than for electric vehicles.

« Hybrid vehicles are seen as the “new diesel” by consumers because they are considered a more reassuring option than electric which offers a smooth transition to cleaner engines, while maintaining a better resale value.» concludes Anaïs Harmant, Marketing Director of La Centrale.

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