I could certainly see the used Taycan Turbo S selling for around $65k in 2.5 years from now. They aren't cars you would want to hold onto long term though, which is the inherent problem and no one really wants to buy a used one. For a commuter car they aren't particularly efficient and they have very high insurance rates, much higher than a similar trim level 911. Overall the annual operating costs are ~2.4x times as much as a 911 and I would say in many ways it not as good of a car (many would prefer a 911). Realistically they just don't make any sense to buy period and I can't really see why anyone would buy one unless they really like something about Taycan in particular.
I have one, though I was aware this would happen, is the nature of a new market (..) however, in life money is not everything (..) and, I still enjoy every second, and have no regrets (..) so long
Likewise one of the best vehicles I have owned. Yea it has depreciated and it has a lot in a short amount of time. However allot of this is due to the craziness of Covid and how it elevated prices. These prices collapsed all at once bringing the value back down to what they should have been. Now we are seeing the end of warranty depreciation. All pretty typical for those that have been buying cars for years. Yes the depreciation is a little bit more than standard and I am chalking that out to the outrageous repair costs out of warranty. Third party repair shops do need to get involved other wise the whole ev market will become untenable in the future.
Are you new to the Porsche brand? Turbo for Porsche doesn’t mean it has a turbo, it simply means the “top of the line” trim outside of the GT models.. all Porsche 911s, even the regular Carrera have a turbo in them, the Turbo S is just the top of the line. Same thing with the EV, it’s not about having a turbo, it simply means top of the line performance.
@@Glock7eventeen even though that's their way of naming their trim levels it doesnt mean it's not a silly / confusing/ misleading / strange naming system
Don't forget that 70% battery is considered at it's End of Life. After that, degradation will be faster up to the point where the battery won't be able to deliver enough power at all. Also, chemical degradation happens even if the car is not used. So an unsold taycan is slowly dying on it's own. Porsche's cost for a battery replacement is 50 000$ Who wants to buy a 50k 2020 porsche and having to spend 50k again 4years later to replace the battery ? Constructor's warranty for battery pack is the biggest depreciation factor. Until warranty got better (90% after 8 years or 70% after 12years for example), EV's will stay plagued by high depreciation rates.
A petrol engine driven car and 10 years of age can be considered as 'new' if well maintained according to the Porsche book. The residual value in par with that.
I was going to buy a Taycan, went to the dealer twice in 2022. The sales told me that he'll be happy to sell me any 911 or 718, the Taycan will not be the car I want. I was really upset at him at the time but called to thank him a year later. There are so many issues and recalls for this car and people who read anything from the Porsche forum will not buy one even if it's cost less than a Tesla model 3.
It's more complicated that it seems. They are still selling gas powered cars, but are pushing these EV models to offset the emissions in total car sale numbers, to meet the standards. It does help that their usual customer has more than plenty to throw at EV models jut to get a special porshe. It's a complex political and economical mess.
Because they have people who can do 3rd grade algebra? Sales, especially in new markets grow in waves. That's quite obvious and there are reasons for that. EV numbers were growing so quickly there had to be a bounce back. So now there is a consolidation period. Technically EVs arent a fad. Prices have been declining, productions are streamlined, technology progresses. There will still be a market for ICEs, but it's most likely that in 20 years most people will either drive an EV, or plan to switch to EV when their old ICE breaks.
@@maxmeier532 My skepticism isn’t around EVs having a firm place in the market in general. In fact, I’ve owned and driven an EV for 6yrs. It’s been great. My skepticism lies in specifically a Porsche sports car as an EV because currently enthusiasts love Porsche because the cars are amazing and they hold their value like crazy. But currently the only reference point for a Porsche EV has not held its value well. Add the notion that a decent percentage of sports car enthusiasts still care about the sound and feel of the engine (the reason 718 4.0 exists) and the product market fit seems shaky.
So is teslas. I guess becuase porsches never have had this happen before it's a hot topic but literally every EV is depreciationing fast asf. U can buy a used 2022 model s plaid for 60k. A car that was 140k 2 years ago 😂😂 and 60k is the selling price for the dealership not what the trade in value was.
Two things:: 1) More and more of the first gen Taycans will be coming off lease and 2) The facelift is so far superior, that the original ones are quite undesirable in comparison. Those factors will continue to drive the price of the Taycan down, down, down.
Facelift looks less like a Porsche. More like a Camaro or some sort of hybrid sports car. I’ll likely going to pick one of these older ones up Christmas
The depreciation is not stopping anytime soon! The next gen is a much better car...might be a similar situation to gen1 vs gen 2 panameras... also in brand competition with Macan EV will also cause more depreciation.
The EV market is experiencing a giant crash. Nothing to do with Porsche. The government is pushing EV deadlines but the infrastructure doesn't support the strong conversion to EV yet. EVs are here to stay. The timing is very off though.
The new generation of Taycan with more power, refinement and range has just came out of course the older models have lost more value. A lot and I mean a lot of business lease deals ended and flooded the market with used cars. These Cars are now good value, it’s a great Car.
It’s not just Taycan prices, though. EV prices in general are fluctuating. With inflation concerns, supply chain disruptions, and increased competition in the EV market, prices are taking a hit
Excellent video.Despite being a Porsche product they are depreciating rapidly, a function of EV’s.Will luxury sports convertible petrol cars hold their value, V8 F Type Jaguar, Aston Martin, Vantage/ DB12, Boxter GTS, Mercedes AMG GT ?
It's shocking how fast they've depreciated. We’re looking at over 46% loss compared to May 2022. I mean, that’s a huge hit, especially for such a high-end car.
EV prices are dropping. But for some automakers, dropping for different reasons. For Tesla and BYD, prices of new vehicles are being lowered in order to get market share. It's deliberate. That's why Tesla and BYD offer the most popular vehicles worldwide. Not just popular EV's, but most popular vehicles of any ICE or EV. Lower new car prices directly affects used vehicle prices. For Porsche and other VW group EV's, the depreciation is different. Their vehicles have been plagued with problems and aren't popular.
The answer is simple. The starting price for these Porsche vehicles was too high from the beginning. The second thing is that car is not highly valued item. The price should go down and it is normal. If you afraid the EV-resale value, keep your car 10 to 15 years. Then the "invest" for the car is ok or buy cheaper vehicle which really you can afford. Third, if you can buy EV which battery is swappable in stations, choose that brand. Resale value will remain.
These are all offer prices not sale prices aren’t they? I‘d assume people are not paying listing prices for Tycans. Cars often also get re-listed. To bump them to people with alerts and have them shown as new listings. Most valuable date for me would be: - average listing duration over time - units for sale over time - offer prices over time I think the numbers for older builds are not representative of the real situation because there is less inventory of these cars after they came back from leasing in 2023, have been heavily discounted and sold on.
For the past decade I always looked at EV as marketed towards the iphone consumer type of people but on wheels. Like the iphone these will depreciate and degrade every year that passes. They also become more obselete with each tech advancement on every new model release.
I disagree, most of these vehicles are easily upgradeable via software just like tesla. You can get a late model tesla for cheap and for the most part you aren't losing out on anything. The new taycan really just has better battery life over the previous model
A good friend of mine is a senior sales associate at a Porsche dealership and he straight told me to not even consider a Taycan since even them are not taking them in used, ironically we had a joy ride on a taycan Turbo GT on that same day.
The retail asking price was so crazy that still look expensive to me. In all fairness with the range limitations EV have, I would not pay more than 30K€ for the family version. I know, will likely never happen, still just my feeling. Don´t get me worng, I love it, but practicality is very limited with 400Km when neww, and going down every time you recharge...
As long as Porsche, Audi and VW aren’t offering more than 8 years extended warranty on batteries the prices will drop and the EV market will stuck. Who is so crazy to buy a car that can be done in weeks if battery problems occur? Leasing is the only conclusion and with this you throw your money out of the window
I recently had a quote on pcp on a taycan 4s cross tourismo , 35k miles @£55k - on a 3 yr deal taking the car to 70k miles the pcp company estimates it’s worth 15-18k after my deal ends and at which point the battery warranty only has 1 yr left …… basically no one is buying an out of warranty 8yr old taycan .
@@klipernet I am. I fail to see if a way better car has no value after 8 years, why should a worse car have? 8-10 year old Tesla models S still go for around 35-40k US.
Picking up a CPO'd 2020 4S for 60k USD this Friday. I'm feeling good at this price. Will it depreciate more? Oh yes. But this car will be my DD and I'm thrilled to drive it for the next 3 years :D
I got on RUclips because I saw two Taycans at my local dealership for $50 and $55k. I was shocked, isn’t this supposed to be one of their halo cars? I’m not a big EV guy but I have always wanted to own a Porsche. Do these cars have the performance chops worthy of the Porsche shield or are these cars just something Porsche slapped together in a pinch for easy sales like ford did with the Mach E Mustang?
There's multiple variables aside from the obvious economics conditions driving steep depreciation on EVs. EV sales have lost steam without strong incentives, infrastructure improvements are slow, hybrids are more reliable, they suffer from battery degradation, EV performance vehicles are untested, and the 1st generation Taycan had very limited range. Most EV minded consumers are looking at economic cars in the first place, not a 6 figure luxury EV by Porsche. Adding salt to injury, Porsche made significant upgrades to the 2nd generation of Taycans, shifting away any REMAINING interest in the 1st generation Taycan. They literally have every imagineable factor working against them, so it's not surprising to look around the room and see that few are interested in buying. For the price of the base 2025 Taycan you can get a new base 911. For the 2025 Taycan Turbo, you can get the 911 4 GTS. For the 2025 Taycan Turbo S or GT, you can get a 911 Turbo S, lol. None of the 911 models depreciating nowhere near as hard the Taycan does. To sell a Porsche you need a wealthy buyer. To sell an EV you need a buyer who prefers it over their best known, performing models. To sell an unpopular model with steep projected depreciation, you need a buyer who's either got F U money or can't make good decision.
You forgot to talk about all of the benefits of owning an EV. Starting with the running costs. Charging at home costs £6 for a full charge compared to how much against all of the ICE models you listed. Some people actually prefer EV as a driving experience. Have you ever owned an EV?
@@Steveo5541 there are benefits to own an EV, but that's not what my comment is about. It's specifically about why the Porsche Taycan is depreciating SO damn hard. Porsche typically sells to people interested in their ICE models which directly works against the Taycan. Outside that market, your average person is getting a Tesla or Korean EV for economic reasons, not a 6 figure Taycan or even a depreciated one because they're costly to own and maintain. Then FURTHER on top of that, Porsche hurts their own sales on used Taycans by releasing the 2nd generation with badly needed upgrades to charging speed & battery range. The market just isn't geared towards a luxury performance EV and has everything working against them, which is tragic, because I like the Taycan from a design & purpose POV.
Well you cannot tell in general, depends on the specific car, if you need to replace the whole battery or just some modules etc. Afaik Tesla should be most reasonable from the battery exchange cost perspective.
Taycan battery replacement is around $30k+. In the United States the high voltage battery is covered by a 8 year / 100,000 mile warranty against excessive loss of capacity which is defined as less than 80% of net capacity within 3 years or 37,500 miles or less than 70% net capacity with 8 year or 100,000 miles. If the battery gets below these levels the battery is then repaired or replaced with a 'new' battery that may be a refurbished or manufactured battery that meets the requirements above. You must consent to the Porsche authorized dealer to accessing the cars data to verify warranty eligibility. The battery warranty will not cover the battery if the car was subject to "excessive demands" such as using the vehicle in motorsports competitions or otherwise over-straining the vehicle. Their language is very vague, so if you were looking at a used Taycan I would make sure from the seller that the vehicle was never tracked.
Tesla used to be 10k, but there are so many companies replacing just the bad batteries, making cost less. If you want EV, Tesla is the way. A lot of them are on the road, meaning more parts and more aftermarket support.
This is the perfect storm for Gen1 Taycan, global EV decline/competition, high interest rates and over supply (no choice for Porsche to offset these GT2/3/Turbo low mpg) to balance emission requirement. I believe depreciation will normalize with gen2 Taycan due to reduce of production since now Porsche can offer Macon EV for the emission credit. So grab your good deal Gen1 Taycan if you can, deal won’t last for ever!
I had a few evolve longboards. They were awesome but lasted only 4 years because the batteries degraded to the point the power would intermittently cut out on the motors. The only solution was replacing the battery which was more that half the cost of the board. Cars probably the same thats why they flopping
A Porsche Taycan Turbo $173,000 goes 0-60 in 3.0 seconds. A Tesla model 3 performance does it .5 seconds faster for 1/4 of the price. Don’t get me wrong, I drove 911s for 21 years and still have one. But if Porsche is going to ask those prices for Taycan, they need to perform so much better. Sure they have fitment and refinement, but their racing heritage was never about that. This is serious trouble for Porsche.
If you have to make that argument, you are not a Porsche customer to begin with. Which is fine, I'm not either. I would argue that anyone who's in the market for a 150k plus car, isnt looking at a model 3 or most likely any Tesla. That being said, is the Tesla plaid twice as "good" as the 3? With Porsche you pay for a) The brand reputation, b) the upscale interior and c) the better driving experience (which unless you're going in a straight line, Porsche is always superior to a any Tesla). Porsche is demanding those prices, because people are in fact paying them. Mind you, you could argue that Teslas are too expensive. Afaik the 3 Performance is around 55 grand, so it also really isnt 1/4 of the taycan turbo by the way. And what does it offer? It's a Camry with batteries that can go really fast. Tesla was ahead of the curve 5 years ago and they lost plenty of ground. Their last claim to fame is, we can go faster in a straight line and we are cheaper than luxury brands. It gets long in the tooth.
I have a model 3 performance....suspension and road noise is shit. Fast as hell yes, smooth power yes, but shoddy quality. But no service is pretty nice as well as lack of brake dust/wear.
Porsche Technology and Porsche Engineering are two different animals. With EV’s, the tech is dominating the value. Therefore, the luster of the Porsche badge diminishes and parallels its depreciation. When EV’s are able to outperform super cars at 1/10 the value, the disruption of the market creates a whole new quandary of what is perceived value/status? If Porsche can’t maintain its status symbol as an EV, it will go the way of Dodo.
Buying a new EV, especially a Taycan, is one of the worst financial decisions you can make. There are a lot of nervous Porsche execs right now with their misguided decision to go full EV with the new Macan and Boxster/Cayman.
This is useful to some, but I need you to tell me that GT4s are dropping….oh let’s just say 65%, so I can justify a 3rd Porsche. Who am I kidding, so I can afford a GT4 is the real truth.
If battery replacements get to 10k-15k, people would start grabbing them. Unless replacement batteries do not come down in value in the next years, forget buying a taycan or any luxury eletric. Buy a used Zoe and abuse it 😂
I bet the leases are super expensive though because the residual is so low, but you're probably right in that it's the only way to have a fixed cost. at a certain point getting one that's a few years old that has depreciated a bunch may be the way to go because then even if it drops another 50% the actual dollar amount is much lower.
I'd like to think that Porsche will learn from the Taycan when they launch their eBoxster. Number One: come out with a replacement NEW battery exchange swap at a reasonable price. I bet they could do a raw 60kwh battery for sub $15k. Otherwise these cars will be disposable and undesirable, unlike any other in Porshe history.
@@iSot80 I used to think that but batteries are too integrated with monitoring and multiple liquid cooling connections. Plus I'd really want a new battery that I know I'd treat right. Hopefully they'd be easy to swap out with just a couple hours labor though.
@@DSC800 One brand has done swappable battery change to EV already almost 60 000 000 times. You do not have to baby sitting your battery. These stations will do that.
It's one of the worst cars in terms of trade in value, because it's one of the worst cars in the world in depreciation just in general. (almost as bad as the Audi E-Tron GT)
What idiot is going to buy a new taycan even if you have enough money? In fact, you are driving like a fool in a car that depreciates insanely, and you don't want that. And it is a disaster for Porsche. The Macan, was the best-selling Porsche and is destined for the same fate. Really sad.
The Taycan is clearly the best vehicle on the road today, EV or ICE or Hybrid. None of the comments have come from anyone who actually owns one. It is a dream to drive. Cars that depreciate? All of them do, with some very rare exceptions. My 2022 4S is fantastic and clearly the best looking sedan (saloon) ever. Anyone hear of "sour grapes?" EV trashers have their heads in the sand and cannot adapt. Sorry you're missing out.
I see these batteries online at 6k per. We have a lot of people more people more accidents. More accidents more spare parts. I’m buying this fuckin car lol
Tesla is the best car company ever! No gas stations, no oil changes, no smog checks, no catalytic converter, no maintenance, 89% customer retention and quicker than a $650,000 Lamborghini!
Maybe this is the kick in the nuts Porsche needed to stop with the tree-hugging woke shit! We want them to build thrilling, visceral sports cars, not soulless virtue-signaling electric garbage. Leave that to Tesla!
The first generation of Taycan will go basically to 0 in value.., the replacement of the original battery, or upgrade to get finally a decent mileage will soon be more expensive than the value of the car 👎, those who have been driven hard, and that s what a Porsche is made to be, battery could be dead in no less than 5 years !
![Jack Harlow - Hello Miss Johnson [Official Music Video]](http://i.ytimg.com/vi/Q86_nlRoIGw/mqdefault.jpg)
*When will Taycan prices bottom?*
I could certainly see the used Taycan Turbo S selling for around $65k in 2.5 years from now. They aren't cars you would want to hold onto long term though, which is the inherent problem and no one really wants to buy a used one. For a commuter car they aren't particularly efficient and they have very high insurance rates, much higher than a similar trim level 911. Overall the annual operating costs are ~2.4x times as much as a 911 and I would say in many ways it not as good of a car (many would prefer a 911). Realistically they just don't make any sense to buy period and I can't really see why anyone would buy one unless they really like something about Taycan in particular.
Never; they will be essentially value-less within 5 years.
They will stop collapsing the moment Porsche announces a 15 years (or lifetime) warranty for the battery, free exchanges included.
@@carlosalvarez4641did you hear any rumours like that?
Either when Porsche stops producing them or shortly after it goes bankrupt.
I have one, though I was aware this would happen, is the nature of a new market (..) however, in life money is not everything (..) and, I still enjoy every second, and have no regrets (..) so long
Likewise one of the best vehicles I have owned. Yea it has depreciated and it has a lot in a short amount of time. However allot of this is due to the craziness of Covid and how it elevated prices. These prices collapsed all at once bringing the value back down to what they should have been. Now we are seeing the end of warranty depreciation. All pretty typical for those that have been buying cars for years. Yes the depreciation is a little bit more than standard and I am chalking that out to the outrageous repair costs out of warranty. Third party repair shops do need to get involved other wise the whole ev market will become untenable in the future.
'Turbo' and 'Turbo S' badging on a pure EV has to be the most stupid nonesense in the history of the automotive industry! 😖🤣
Yep, Elon said: (in reference to the word "Turbo") "You keep using that word, I do not think it means what you think it means".
@@renegadezen7841 And by Elon you mean the guy that invented a tunnel for cars and called it "hyperloop"?
@@maxmeier532 Yep. I guess everyone isn't perfect.
Are you new to the Porsche brand? Turbo for Porsche doesn’t mean it has a turbo, it simply means the “top of the line” trim outside of the GT models.. all Porsche 911s, even the regular Carrera have a turbo in them, the Turbo S is just the top of the line. Same thing with the EV, it’s not about having a turbo, it simply means top of the line performance.
@@Glock7eventeen even though that's their way of naming their trim levels it doesnt mean it's not a silly / confusing/ misleading / strange naming system
Don't forget that 70% battery is considered at it's End of Life. After that, degradation will be faster up to the point where the battery won't be able to deliver enough power at all. Also, chemical degradation happens even if the car is not used. So an unsold taycan is slowly dying on it's own.
Porsche's cost for a battery replacement is 50 000$
Who wants to buy a 50k 2020 porsche and having to spend 50k again 4years later to replace the battery ?
Constructor's warranty for battery pack is the biggest depreciation factor.
Until warranty got better (90% after 8 years or 70% after 12years for example), EV's will stay plagued by high depreciation rates.
A petrol engine driven car and 10 years of age can be considered as 'new' if well maintained according to the Porsche book. The residual value in par with that.
Excellent content. Thankyou.
As they say in the City, "Never try to catch a falling knife"!
I was going to buy a Taycan, went to the dealer twice in 2022. The sales told me that he'll be happy to sell me any 911 or 718, the Taycan will not be the car I want. I was really upset at him at the time but called to thank him a year later. There are so many issues and recalls for this car and people who read anything from the Porsche forum will not buy one even if it's cost less than a Tesla model 3.
Superyachts depreciate less
How is Porsche still pushing forward with the EV 718 with the massive value drop in the EV market? Who would buy one?
It's more complicated that it seems. They are still selling gas powered cars, but are pushing these EV models to offset the emissions in total car sale numbers, to meet the standards. It does help that their usual customer has more than plenty to throw at EV models jut to get a special porshe. It's a complex political and economical mess.
@@mikulcek Fair point. Regardless, I still predict poor sales.
Because they have people who can do 3rd grade algebra? Sales, especially in new markets grow in waves. That's quite obvious and there are reasons for that. EV numbers were growing so quickly there had to be a bounce back. So now there is a consolidation period. Technically EVs arent a fad. Prices have been declining, productions are streamlined, technology progresses. There will still be a market for ICEs, but it's most likely that in 20 years most people will either drive an EV, or plan to switch to EV when their old ICE breaks.
Im def considering a 718 EV convertible
@@maxmeier532 My skepticism isn’t around EVs having a firm place in the market in general. In fact, I’ve owned and driven an EV for 6yrs. It’s been great. My skepticism lies in specifically a Porsche sports car as an EV because currently enthusiasts love Porsche because the cars are amazing and they hold their value like crazy. But currently the only reference point for a Porsche EV has not held its value well. Add the notion that a decent percentage of sports car enthusiasts still care about the sound and feel of the engine (the reason 718 4.0 exists) and the product market fit seems shaky.
The Audi E-Tron GT's depreciation is even worse than these....
So is teslas. I guess becuase porsches never have had this happen before it's a hot topic but literally every EV is depreciationing fast asf. U can buy a used 2022 model s plaid for 60k. A car that was 140k 2 years ago 😂😂 and 60k is the selling price for the dealership not what the trade in value was.
@@PEACEOUTXX1 yep wild! Right there with Maserati depreciation!
I saw a Gen 1 for $38k
Two things:: 1) More and more of the first gen Taycans will be coming off lease and 2) The facelift is so far superior, that the original ones are quite undesirable in comparison. Those factors will continue to drive the price of the Taycan down, down, down.
Facelift looks less like a Porsche. More like a Camaro or some sort of hybrid sports car. I’ll likely going to pick one of these older ones up Christmas
@@StillWaters- If the price ia right, could be an option.
The depreciation is not stopping anytime soon! The next gen is a much better car...might be a similar situation to gen1 vs gen 2 panameras...
also in brand competition with Macan EV will also cause more depreciation.
The EV market is experiencing a giant crash. Nothing to do with Porsche. The government is pushing EV deadlines but the infrastructure doesn't support the strong conversion to EV yet. EVs are here to stay. The timing is very off though.
The new generation of Taycan with more power, refinement and range has just came out of course the older models have lost more value. A lot and I mean a lot of business lease deals ended and flooded the market with used cars. These Cars are now good value, it’s a great Car.
No its not. For the vast majority of people a hybrid is way better.
It’s not just Taycan prices, though. EV prices in general are fluctuating. With inflation concerns, supply chain disruptions, and increased competition in the EV market, prices are taking a hit
How many GT3RS or just Porsche owners had to buy two or more of the Taycan?
None (..) the typical porsche owner has 1.7 Porsches in the garage (..) some of us more than 3 (..) don you truly think depreciation is a concern?
@@andreatanzi3191you don’t get it. to get an allocation for any big name GT car most owners had to buy macans, taycans or panameras
great show man but can you do 928 line up?
@fourwheeltrader curious if the cross turismo fair any better and who does the depreciation compare to a plaid X or S
Excellent video.Despite being a Porsche product they are depreciating rapidly, a function of EV’s.Will luxury sports convertible petrol cars hold their value, V8 F Type Jaguar, Aston Martin, Vantage/ DB12, Boxter GTS, Mercedes AMG GT ?
It's shocking how fast they've depreciated. We’re looking at over 46% loss compared to May 2022. I mean, that’s a huge hit, especially for such a high-end car.
Porsche sales down close to 1/3 rd in China . Yes they are discounting msrp and also making deals to push
EV prices are dropping. But for some automakers, dropping for different reasons. For Tesla and BYD, prices of new vehicles are being lowered in order to get market share. It's deliberate. That's why Tesla and BYD offer the most popular vehicles worldwide. Not just popular EV's, but most popular vehicles of any ICE or EV. Lower new car prices directly affects used vehicle prices. For Porsche and other VW group EV's, the depreciation is different. Their vehicles have been plagued with problems and aren't popular.
The answer is simple. The starting price for these Porsche vehicles was too high from the beginning. The second thing is that car is not highly valued item. The price should go down and it is normal. If you afraid the EV-resale value, keep your car 10 to 15 years. Then the "invest" for the car is ok or buy cheaper vehicle which really you can afford.
Third, if you can buy EV which battery is swappable in stations, choose that brand. Resale value will remain.
These are all offer prices not sale prices aren’t they? I‘d assume people are not paying listing prices for Tycans. Cars often also get re-listed. To bump them to people with alerts and have them shown as new listings.
Most valuable date for me would be:
- average listing duration over time
- units for sale over time
- offer prices over time
I think the numbers for older builds are not representative of the real situation because there is less inventory of these cars after they came back from leasing in 2023, have been heavily discounted and sold on.
what do you expect the new macan ev turbo after 3 years or 5 years,depreciation 50%
For the past decade I always looked at EV as marketed towards the iphone consumer type of people but on wheels. Like the iphone these will depreciate and degrade every year that passes. They also become more obselete with each tech advancement on every new model release.
Except for the fact that a used iPhone holds its value better than a used android phone.
I disagree, most of these vehicles are easily upgradeable via software just like tesla. You can get a late model tesla for cheap and for the most part you aren't losing out on anything. The new taycan really just has better battery life over the previous model
A good friend of mine is a senior sales associate at a Porsche dealership and he straight told me to not even consider a Taycan since even them are not taking them in used, ironically we had a joy ride on a taycan Turbo GT on that same day.
Nice analysis, it would be useful to know on which market you base this data though. EU is different than US etc
This is for the US
Who is so silly to buy an electric Porsche? Depreciation is well justified.....
When you have already three Porsches and still some space in the garage (..)
The retail asking price was so crazy that still look expensive to me. In all fairness with the range limitations EV have, I would not pay more than 30K€ for the family version. I know, will likely never happen, still just my feeling. Don´t get me worng, I love it, but practicality is very limited with 400Km when neww, and going down every time you recharge...
As long as Porsche, Audi and VW aren’t offering more than 8 years extended warranty on batteries the prices will drop and the EV market will stuck. Who is so crazy to buy a car that can be done in weeks if battery problems occur? Leasing is the only conclusion and with this you throw your money out of the window
could you please make a video about BMW M3/M4 depreciation data? maybe also compared to similar Audi RS and Mercedes AMG models
I recently had a quote on pcp on a taycan 4s cross tourismo , 35k miles @£55k - on a 3 yr deal taking the car to 70k miles the pcp company estimates it’s worth 15-18k after my deal ends and at which point the battery warranty only has 1 yr left …… basically no one is buying an out of warranty 8yr old taycan .
Correct; they will have zero value after 7 or 8 years.
@@EvoraGT430 so do 8 year old Teslas have zero value?
Yes@@peterhammer6915
@@peterhammer6915 who is talking about Tesla??
@@klipernet I am. I fail to see if a way better car has no value after 8 years, why should a worse car have? 8-10 year old Tesla models S still go for around 35-40k US.
I’ve just bought mine with tons of optionals and with just 45k km. I’ve paid 57k euros for it! I’m really really happy
This is awesome! A used Taycan might be our next car.
So basically all EVs follow the depreciation line of a cellphone. Noted!
Picking up a CPO'd 2020 4S for 60k USD this Friday. I'm feeling good at this price. Will it depreciate more? Oh yes. But this car will be my DD and I'm thrilled to drive it for the next 3 years :D
I'd like to see you predict where you see prices 1, 2 and 5 years out.
Enjoyed the content as always. Keep up the good work.
I got on RUclips because I saw two Taycans at my local dealership for $50 and $55k. I was shocked, isn’t this supposed to be one of their halo cars? I’m not a big EV guy but I have always wanted to own a Porsche. Do these cars have the performance chops worthy of the Porsche shield or are these cars just something Porsche slapped together in a pinch for easy sales like ford did with the Mach E Mustang?
Aston Martin DB11 pretty please!
There's multiple variables aside from the obvious economics conditions driving steep depreciation on EVs. EV sales have lost steam without strong incentives, infrastructure improvements are slow, hybrids are more reliable, they suffer from battery degradation, EV performance vehicles are untested, and the 1st generation Taycan had very limited range. Most EV minded consumers are looking at economic cars in the first place, not a 6 figure luxury EV by Porsche. Adding salt to injury, Porsche made significant upgrades to the 2nd generation of Taycans, shifting away any REMAINING interest in the 1st generation Taycan. They literally have every imagineable factor working against them, so it's not surprising to look around the room and see that few are interested in buying.
For the price of the base 2025 Taycan you can get a new base 911. For the 2025 Taycan Turbo, you can get the 911 4 GTS. For the 2025 Taycan Turbo S or GT, you can get a 911 Turbo S, lol. None of the 911 models depreciating nowhere near as hard the Taycan does.
To sell a Porsche you need a wealthy buyer. To sell an EV you need a buyer who prefers it over their best known, performing models. To sell an unpopular model with steep projected depreciation, you need a buyer who's either got F U money or can't make good decision.
You forgot to talk about all of the benefits of owning an EV. Starting with the running costs. Charging at home costs £6 for a full charge compared to how much against all of the ICE models you listed. Some people actually prefer EV as a driving experience. Have you ever owned an EV?
@@Steveo5541 there are benefits to own an EV, but that's not what my comment is about. It's specifically about why the Porsche Taycan is depreciating SO damn hard. Porsche typically sells to people interested in their ICE models which directly works against the Taycan. Outside that market, your average person is getting a Tesla or Korean EV for economic reasons, not a 6 figure Taycan or even a depreciated one because they're costly to own and maintain. Then FURTHER on top of that, Porsche hurts their own sales on used Taycans by releasing the 2nd generation with badly needed upgrades to charging speed & battery range. The market just isn't geared towards a luxury performance EV and has everything working against them, which is tragic, because I like the Taycan from a design & purpose POV.
Anyone know much does it cost to replace all the batteries in a Porsche vs. BMW. vs. Tesla at say, 80,000-100,000 miles?
Well you cannot tell in general, depends on the specific car, if you need to replace the whole battery or just some modules etc. Afaik Tesla should be most reasonable from the battery exchange cost perspective.
I read drecently that is at least £42k! 😵🫣
Taycan battery replacement is around $30k+. In the United States the high voltage battery is covered by a 8 year / 100,000 mile warranty against excessive loss of capacity which is defined as less than 80% of net capacity within 3 years or 37,500 miles or less than 70% net capacity with 8 year or 100,000 miles. If the battery gets below these levels the battery is then repaired or replaced with a 'new' battery that may be a refurbished or manufactured battery that meets the requirements above. You must consent to the Porsche authorized dealer to accessing the cars data to verify warranty eligibility. The battery warranty will not cover the battery if the car was subject to "excessive demands" such as using the vehicle in motorsports competitions or otherwise over-straining the vehicle. Their language is very vague, so if you were looking at a used Taycan I would make sure from the seller that the vehicle was never tracked.
Tesla used to be 10k, but there are so many companies replacing just the bad batteries, making cost less. If you want EV, Tesla is the way. A lot of them are on the road, meaning more parts and more aftermarket support.
@@nafnaf0 Thank you for the plethora of great information! I have a 2024 Macan T, but there might be a Macan Electric in my future.
This is the perfect storm for Gen1 Taycan, global EV decline/competition, high interest rates and over supply (no choice for Porsche to offset these GT2/3/Turbo low mpg) to balance emission requirement. I believe depreciation will normalize with gen2 Taycan due to reduce of production since now Porsche can offer Macon EV for the emission credit. So grab your good deal Gen1 Taycan if you can, deal won’t last for ever!
Why would you recommend a car that no one wants?
I had a few evolve longboards. They were awesome but lasted only 4 years because the batteries degraded to the point the power would intermittently cut out on the motors. The only solution was replacing the battery which was more that half the cost of the board. Cars probably the same thats why they flopping
An excellent used car value purchase.
Please do an updated video on the Lamborghini Aventador
They need to convert it to a hybrid in the next generation.
I have a problem with graphs that don't show a true zero baseline. A graph that has for its baseline a 80k valuation is lying with statistics.
Will the last targa4gts will hold Value?
Ofc.. the targa is very sought after. If u can get it for MSRP u might even make money.
Batteries die. Let any battery device you want sit for a month or so and the battery begins to drain faster.
What car do you have?
Can you make a video on bmw M cars? Please
Any model in particular? At the moment i only have data on the M2 and M4.
@fourwheeltrader overview would be great but maybe focus on the m4 and m5? With a slight touch on the m8 (grand coupe)
We dont always care. Someone us will never sell our cars
Beautiful car, range and charging for non teslas is a deal breaker. can't beat model S plaid for the money
Still hesitating getting one…
So even now with taycan’s able to do 400 miles still depreciating like a stone
A Porsche Taycan Turbo $173,000 goes 0-60 in 3.0 seconds. A Tesla model 3 performance does it .5 seconds faster for 1/4 of the price.
Don’t get me wrong, I drove 911s for 21 years and still have one. But if Porsche is going to ask those prices for Taycan, they need to perform so much better. Sure they have fitment and refinement, but their racing heritage was never about that. This is serious trouble for Porsche.
You actually want to go faster that that; 3.0 to 60 is already seriously, uncomfortably fast.
If you have to make that argument, you are not a Porsche customer to begin with. Which is fine, I'm not either. I would argue that anyone who's in the market for a 150k plus car, isnt looking at a model 3 or most likely any Tesla. That being said, is the Tesla plaid twice as "good" as the 3? With Porsche you pay for a) The brand reputation, b) the upscale interior and c) the better driving experience (which unless you're going in a straight line, Porsche is always superior to a any Tesla). Porsche is demanding those prices, because people are in fact paying them. Mind you, you could argue that Teslas are too expensive. Afaik the 3 Performance is around 55 grand, so it also really isnt 1/4 of the taycan turbo by the way. And what does it offer? It's a Camry with batteries that can go really fast. Tesla was ahead of the curve 5 years ago and they lost plenty of ground. Their last claim to fame is, we can go faster in a straight line and we are cheaper than luxury brands. It gets long in the tooth.
I have a model 3 performance....suspension and road noise is shit. Fast as hell yes, smooth power yes, but shoddy quality. But no service is pretty nice as well as lack of brake dust/wear.
Ohhh WoW, I am impressed (..) Tomorrow morning I will go to the Dealership and complain (..)
Porsche Technology and Porsche Engineering are two different animals. With EV’s, the tech is dominating the value. Therefore, the luster of the Porsche badge diminishes and parallels its depreciation. When EV’s are able to outperform super cars at 1/10 the value, the disruption of the market creates a whole new quandary of what is perceived value/status? If Porsche can’t maintain its status symbol as an EV, it will go the way of Dodo.
Cars depreciate. Some more than others. Buy a Porsche Taycan isnt about depreciation of car price but what you experience with the car.
Buying a new EV, especially a Taycan, is one of the worst financial decisions you can make. There are a lot of nervous Porsche execs right now with their misguided decision to go full EV with the new Macan and Boxster/Cayman.
Boxster and Cayman and niche products. 911 is still ICE. Cayenne was their best seller a year ago.
the US market is not the only Porsche market, oil won't be sub $80 ad infinitum
It's not just Porsche, EVs for all manufacturers are not moving.
I have one, among other Porsches, and I am completely cool (..) no clue what are you talking about (..)
This is useful to some, but I need you to tell me that GT4s are dropping….oh let’s just say 65%, so I can justify a 3rd Porsche. Who am I kidding, so I can afford a GT4 is the real truth.
Turbo and GTS nomenclature irrelevant to EVs
If battery replacements get to 10k-15k, people would start grabbing them. Unless replacement batteries do not come down in value in the next years, forget buying a taycan or any luxury eletric. Buy a used Zoe and abuse it 😂
Its an underperforming car compared to a TESLA for the half of the price.
I will not want to have a Taycan for free...
Don’t ever buy these EV cars from the Germans. Imagine buying a car for $50,000 and having replaced the brakes for 10,000 this is just crazy.
a 70k taycan is not worth it cost too much maybe 40k is ok i rather buy a c63 amg for 68k in canada than a taycan
Porsche can reduce the collapse by dropping the price for new by 40000 Dollars.
EVs were overpriced to begin with. Who thought it was a good idea people should pay a premium to help the planet?
Leasing EVs is the only sensible way to "own" these
Hence the massive depreciation.
I bet the leases are super expensive though because the residual is so low, but you're probably right in that it's the only way to have a fixed cost. at a certain point getting one that's a few years old that has depreciated a bunch may be the way to go because then even if it drops another 50% the actual dollar amount is much lower.
@@commanderrussels2612 Not too bad, for example I’ve just leased a new BMW i7 that would lose £50-60k over 2 years for £6k a year (2yr lease)
I'd like to think that Porsche will learn from the Taycan when they launch their eBoxster. Number One: come out with a replacement NEW battery exchange swap at a reasonable price. I bet they could do a raw 60kwh battery for sub $15k. Otherwise these cars will be disposable and undesirable, unlike any other in Porshe history.
Swappable battery in stations is the answer.
@@iSot80 I used to think that but batteries are too integrated with monitoring and multiple liquid cooling connections. Plus I'd really want a new battery that I know I'd treat right. Hopefully they'd be easy to swap out with just a couple hours labor though.
@@DSC800 One brand has done swappable battery change to EV already almost 60 000 000 times. You do not have to baby sitting your battery. These stations will do that.
@@DSC800 The phrase “reasonable price” is not in the Porsche vocabulary.
Teslas go up in price
Porsche has batteries that many catch fire
let it keep dropping 😁i wanna get it at a nice price
good...good...
2018 demon and 2023 demon 170
I wouldn’t pay $15k for one. Wouldn’t want it taking up valuable garage/ parking space for cars that I want.
Let me know when they get 30-$40k low miles
low miles wont be an issue, battery health will be. So get a warranty.
An EV is an EV it doesn't matter how you dress it? You might as well buy a chinese EV.
The Porsche Taycan is the worst Electric car in terms of trade in value. Not sure why but you will lost almost 50% value of the car just after 3yrs.
It's one of the worst cars in terms of trade in value, because it's one of the worst cars in the world in depreciation just in general. (almost as bad as the Audi E-Tron GT)
Look at Audi e tron q8 my pal bought one 18k in uk was 70 k new
The Porsche is a fabulous second hand deal with great driver and build quality tho
What idiot is going to buy a new taycan even if you have enough money? In fact, you are driving like a fool in a car that depreciates insanely, and you don't want that. And it is a disaster for Porsche. The Macan, was the best-selling Porsche and is destined for the same fate. Really sad.
Audi RS3
The Taycan is clearly the best vehicle on the road today, EV or ICE or Hybrid. None of the comments have come from anyone who actually owns one. It is a dream to drive. Cars that depreciate? All of them do, with some very rare exceptions. My 2022 4S is fantastic and clearly the best looking sedan (saloon) ever. Anyone hear of "sour grapes?" EV trashers have their heads in the sand and cannot adapt. Sorry you're missing out.
Friends don't let friends buy goofy EV's. Unless they hate money, that is.
I see these batteries online at 6k per. We have a lot of people more people more accidents. More accidents more spare parts. I’m buying this fuckin car lol
Tesla is the best car company ever! No gas stations, no oil changes, no smog checks, no catalytic converter, no maintenance, 89% customer retention and quicker than a $650,000 Lamborghini!
No it is not. Tesla EVs are only medium quality at most, not even close the top notch but you can keep your opinion.
EVs are for entry level market.... no body wants a souless sports car with a chinese battery pack
just lease an ev
Just another EV shitbox 🤮🤮🤮🤮🤮🔥🔥🔥🔥🔥
sounds like someone paying off a 5 year loan on a new Kia
@@C2B1303 i’ll stick 2 my old jeeps & mx5’s… 👍🤣
Curve will flatten/appreciate when the price of crude oil crosses US $80/barrel again
First
Maybe this is the kick in the nuts Porsche needed to stop with the tree-hugging woke shit!
We want them to build thrilling, visceral sports cars, not soulless virtue-signaling electric garbage. Leave that to Tesla!
The first generation of Taycan will go basically to 0 in value.., the replacement of the original battery, or upgrade to get finally a decent mileage will soon be more expensive than the value of the car 👎, those who have been driven hard, and that s what a Porsche is made to be, battery could be dead in no less than 5 years !