EV Sales are Up
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- Опубликовано: 24 июл 2024
- EV Sales are Up
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Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult❤
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
This is not just EVs. I bought a 2017 Macan S for 40K in 2019. I sold it for $42K in 2022. Now its worth about $20K. Whoever bought a car in 2022 bought a bubble.
Exactly. I bought a 2017 Lexus for $25k in 2022.. and let’s just say I’ll keep it until 2030 💀
I bought a Honda Fit for $16k brand new in Feb 2020 just before the shutdowns and at the peak in summer 2022 Carvana was offering $22k for it. I'd have taken the money if I had another car but had no desire to go out and replace it with a shittier one.
@@nlpnt I bought a new car in 2017 and sold during the pandemic when the prices were crazy. I practically drive a car for free for all of those years. I’ve been driving my other older cars since then so now I’m ready to buy again. I’m just trying to be smart
@@nlpnt oh I sold to Carvna. They paid top dollar.
@@successwithstacee9290 same
Sounds like a good deal buying a $100k for $50k, the thing is it was never worth $100k in the first place.
I wager it's not worth 50k either, if the cost of car the save saves you enough in gas within say 5 years, to justify the extra cost. Its worth it, but at gas at $4 a gallon, you can buy 12,500 gallons of gas, assume any economic car where you get 30 mpg, you could drive it 375,000 miles
My 2013 Tesla Model S is probably only worth about $15,000. It has 176,000 miles on it on its original battery and I’ll just keep driving it. My wife and I have talked about trading it in but I know every nut and bolt on It has been taken care of, and if the battery does ever fail, we’ll just put another one in and keep driving it. it even has the original brake pads with 40% left on them
i bought one last year for 31k from Hyundai Keno. payments are responsible, cost me 9 dollars for 300 miles range, which is more than enough for 2 to 3 days of work. Performance and speed are excellent. I got no oil changes, air filter changes, or other repairs because it's a 100k-mile warranty.
It cost me 9 to 10 dollars from almost empty to 300 mile range which is even less due to my solar panels. For city driving and going 300 miles its excellent. Shit i ain't playing 5 dollars a galleon at the pump , which i did math, i can afford another vehicle in 3 years without even selling this from the money i saved.
its not for everyone but for most city drives who has a house, hell yeah.
They’re actually becoming affordable
*to buy....NOT to own.
My 2017 Volt plug-in is holding its value better than any other car I have owned since 1990.
Very low cost of operation. Very low maintenance. Battery is still at about 95% capacity.
Used EV sales up, sounds upbeat but not for the previous owner who had to fire 🔥 sale and loose Aton to offload it.😎
$$$$$
@@LuckyLopez777great response. Is this what I’m paying you for?
@@Createbelieve you ain’t paying shit lol
EV ownership will improve due to the lower prices. Manufacturers totally missed the market by making only high priced EVs. Any EV under 25K will be a bargain. Manufacturers have wised up and are all now planning cheaper EV’s for the masses.
It’s silly to think EVs will continue to depreciate at these rates with the new lower prices. We had an EV bubble due to lack of supply and high demand. New prices are now back in line with what they should be and depreciation will start to come back to normal off current new prices.
Everyone who way over paid for an EV in 2020-2022 is but hurt, but it was very obvious we were in a supply side bubble with month long wait times for a new EV at the time.
Buying an EV now is a great choice.
EV’s are the only cars that you can purchase at true value….everything else is 30-40% overpriced.
$$$
And this precisely is why a LOT of EVs will be purchased this year. EVangelists should feel happy.
What does $$$ mean?
Is that just your attempt at a lazy engagement hack instead of actually engaging?
@@Createbelieve $$$$$
@@Createbelieve $$$$$$$
One of the first things you learn in debate class in high school is; if somebody argues using only a percentage change their argument is nonsensical. They not only need to give you base numbers, but the details of them. So, when people say sales are up a certain percentage, you need to look into it. Is that a dollar value? Or they just counting units. New? Or used. Much better what you did; going into prices of individual units.
Just Bought a 2018 Model S 100D with 2 years Warranty for 16k from private dealer with Trade In and EV Tax Credit!! Yesssirr
My 2023 Bolt dropped to half of what I paid for it. I won’t sell or trade it for at least 10 years. I love the car.
I hope that your battery lasts that long.
@the_big_dog813 comes standard with an 8-year/100,000-mile. I bought cheap 2020, battery failed in 6 months, replaced free, car was 10 days in dealership 😅
value is incredible considering current used prices and tax credit
@@the_big_dog813The batteries outlast the car. Stop believing the lies.
Battery packs from old EVs make great HOME BACKUP batteries (for those with good old American ingenuity - or who can at least follow a RUclips video). Try finding a battery from a Leaf, even the "cooked" ones are still useful.
Worth half after a year? Yeah you’re stuck with it. I know a old man with one, he is a cheapskate and likes his.
Be worthless anyway
They are getting tempting! Just sold my cummins. That was the biggest money pit ever!
Lol...going from a Cummins that can go half a million miles without e rebuild, to an EV that will last you 3-5 years and can't haul more than a bag of groceries? WTF? You, sir, are cunfused.
@@MoragTong_ Yeah but i dont pay 5 dollars a galleon of gas, it costs me 30k to get an EV, and 9 dollars to put 300 miles a day range. Its ok, you got an emotional support vehicle. We understand. amount of money you spend on that emotional support vehicle i can replace my vehicle 3 times. Good job.
You're replying to a bot. Even and idiot would know Cummings is an engine, not a vehicle.
@@dd-uy5lxHow many times a week do you spend 9 bucks to charge?
@@MoragTong_I agree with you. If you look at the cost of an EV truck, he probably replaced it with a Nissan leaf or something and then they're shocked when the battery cost just as much as the vehicle after a couple of years or 60,000 miles they never completely own it. And then when they go to reseller broke EV is worth absolutely zero.
Absolutely love my Cummins truck. Most EV drivers are short-term thinkers. I think they're doing something for carbon monoxide in the atmosphere, but it accounts for less than half a percent of total atmospheric gases. They think they're doing something for the environment but they don't look in Africa and see the pits and the people dying from the fumes and chemicals that are the result of digging up the lithium to make the batteries. They think they're saving a dollar and then they get hit with a battery that cost just as much as the vehicle.
All Ev drivers seem to be short-term thinkers.
Depreciation doesn't matter much unless you sell or trade-in the vehicle. With the money you save on fuel it doesn't matter as much as people think, and if you keep the vehicle a long time, the fuel and maintenance savings advantage gets larger compared to IC cars.
Used EV credit only applies if the selling price is under 25k. I believe that’s why the model 3 and many others will dropped right to that level to attract the buyers
I was looking into an Audi Etron GT.. but this week alone there were TWO recalls for them due to battery failures, plus a very limited range, so I just went back to look for ICE's and hybrids...
FSD 12 from Tesla is getting interesting
You can have them!
I dont want them lol
@@LuckyLopez777 I don't want them either. Is there a petition to sign? lol 😎
Ill take em but only tesla, and at a generous discount!!
@@Daniel-tx2vt My neighbor has a Tesla and during the winter, the rodents like to nest to keep warm in the battery area. In the summer the rodents find "lunch" on the soy-based wiring. If you get one, please allow water for the pests. 😎
All cars should be cheaper. You will see the whole market over correct. Because they will be cheaper to make so they MSRP cheaper.
I bought a MYP in January - brand new 40k out the door (with inventory discounts and incentives) and it’s fun as hell. I bought it because it was a great deal, practical with kids and storage, and it’s cool knowing the car gets updates regularly - I literally just got auto park - 3 days ago.
If anyone is on the fence about getting a Tesla June will be a great time with some additional incentives - I promise you won’t regret it - just do some research and understand that not all EVs are created equal …
I'm not a fan of EVs, but the money you save on gas, oil changes, and brakes is hard to ignore. Even if you don't get a tax credit, you’ll come out on top despite the horrible depreciation.
😂😂😂
The time you save not going to the gas station makes it worth it. All you have to do is plug it in when you get home.
@@aplante Looking at how gas prices are rising, I have to agree with the OP. EVs should sell well this year.
That’s debatable. If someone has an older paid off car you’re ahead just paying for gas and maintenance. I spent 1700 in gas last year in my paid off v8 beater and of course add a few hundred to that for oil and repairs i do myself so like in my situation makes no sense to ditch my junk and take up a high car payment. If i ever wanted to do a new vehicle again I wouldn’t be against a ev as i only work 15 miles from home but happy with my old slow and faithful
How do you save money on brakes?
I have a 2017 F150 with 61k miles, still on my factory tires and brakes. It gets an oil change and tire rotation every 5k miles, so about twice a year. Air filter and cabin filter every 15k to 30k. You can blow the air filter or clean it if it's a K&N type.
EV's have cabin filters, brakes and windshield wipers.
Then batteries die between 80k and 110k. I guarantee I'll still be talking shit about broke down EV's that need $8k-20k battery replacements and no resale value after my F150 has 100k on the clock and still runs like a champ. The engine can be repaired or replaced. The Battery is a massive issue in terms of maintenance, repairs or replacement.
Oh, I almost forgot how I can fill up my 36 gallon tank in 10 mins and drive 600-700 miles, then stop and do it again, in 10 mins. Or, how my ICE V8 works the same if it's 10 degrees below zero or 100 degrees out. Might need a 12 volt Battery every 6-8 years, but that's expected. Because batteries only last so long. Lol.
Your EV will never be superior in any other metric other than instant torque and acceleration. It'll probably cost about the same in the long run. I'm sure the electric company will be charging more, since they'll have to upgrade the infrastructure at some point. Then there's probably bound to be some EV related road taxes to take the place of the taxes on fuel used for infrastructure.
Then let's not forget what it takes and the real cost to mine cobalt and lithium. And how you recycle used EV batteries.
Clueless.
Probably folks buying all those Hertz leftovers. I dont want one but ngl its a good price for an EV
facts
I had a 2015 Chevy Spark ev, it was a fun little car. It wasn't very practical though, with about 35 mile range at full charge - it was just used for close errands. I bought it for $12,000. I saw the values dropping, so I traded it in on a new truck. They gave me $6000 on trade. I kind of took a bath on it. 2 months later trade in was 3300. The dealership ended up selling it for $6700.
I owned a model three for three years. Performance was incredible. Getting little things worked on, took forever, but wasn’t hard once they got around to it having the car take over for me when there isn’t an emergency… A dealbreaker.
thanks for sharing
In December 2023 I did a reel on a 2022 Teslas Model Y with 3k miles that didn't receive a starting bid...it's been up there for 3 months before it sold for $32...the seller initially wanted nearly $40k.
Hey Lucky- love your show. Any chance you could run these numbers for a 2023 Chevy Bolt EUV?? Thanks!!
Thanks for an excellent video. Carry On Sir!
Good video Lucky. Cvd years 2021-2023 was car shortage bubble, like everyone saying, and you could easily sell your car, boat, RV and truck for more than you bought it. Manufactures then started asking crazy prices and buyers Overpaid for cars, trucks, ev's. Supply meeting demand in 2024, you now seeing the pandemic bubble depreciation.
Where are the Polestar numbers? It’s a whole manufacturer broken off Volvo dedicated to EV’s.
Wow, those used EV price drops are crazy! Especially for someone on the fence about going electric. Do you think these deals are good enough to outweigh the potential for even faster depreciation in the future, Lucky?
Can we imagine the chase scene in "Bullett" (1968) using EVs?
A) YoY effect, ie comp, and B) The tax credit issue as you’ve intimated
Great content
Tax Credit. Only works on a 2022 or older.
The NYIAS was all EV and hybrids.
Leased a model s plaid last week. Prices dropped from 160k to 95k. See ya on the 215! 🎉
Is there a website where you find the historic average sale price and projected average sale price? Seems useful for someone who is looking to buy a car.
EVs Absolutely NEVER, Talk about loosing Money like Never before if You bought a new Unit in 23.
$$$$$
Can get a used Model Y long range for 30K now, pretty decent imo
😂😂😂🎉
Never is a long time…. Horse and carriage ended when ice became affordable
Lucky says it correctly - the tax credits and incentives are the savings. I got my 23 Model Y LR for $54,500, but $7,500 Fed Credit + $2k CA EV credit.
Tesla lowering the price of the Y by $5k hurts, but I don’t plan to sell the car for at least 3 years. Financially I do better than leasing the Y (my math) + I legit save at least $150/mo on gas (drive less than 10k mi/yr) ((CA crazy gas prices))
A local dealer in Jonesboro, AR. (Bayird) has had the same 2020 Bolt Premier for sale for 17 months. It has gone from about $30,000 to $21,000 at the moment. However, last week it went from $20,500 to $18,990 to $19,990 to $20,990 all in a matter of a week or 10 days. Can you or anyone explain the reasoning behind that type of fluctuation on a used car? At $19 I was starting to get interested a little.
I was thinking of buying a new Bolt since they were getting to be so cheap around these parts, but since my 2012 Volt seems to still be going strong, I decided to re-roof my house instead.
Gas prices are up ⛽️
You're exactly right. They're finally starting to be worth what they originally should have been worth. At these current prices, if I needed a car and had somewhere to charge, I'd definitely consider an EV. The e-Tron GT is supermodel gorgeous!🤩
I’m shopping for a Tesla Model 3 between 2019 and 2022. Do you have any advice on where to buy one such as private party or reputable car lot like carmax? Do you think the prices will keep dropping, stabilize or go up? I’m trying to figure out if there is a rush to buy one or if I should take my time to really find the exact car I’d like.
Bought mine from cars and bids great place to get one bought mine for 28k LR Model 3 100% wort$ it
@@Mildlyamusing. I just love Watching Doug’s channel. Thank you.
Model 3 long range can be had for around 21k including the tax credit 2021-2022. Make sure the car was not a previous rental because if so it's used and abused and constantly supercharged which could be bad on the battery. I wouldn't go below 2021 because alot of changes had been made since then like powered trunk, updated interior, and heat pump. Hope that helps your journey. I just got a red on white Long range 50k miles for 21k
Thank you !!!
@@MakeAMark1755that’s the exact one I want. The white interior is beautiful
My gal worked at rivian for only six weeks before getting RIF’d. She told me she didn’t believe the company would last a year based on how fast they’re blowing through the easy money
Thanks for the video and your commentary. I think the EVs are probably good for the urban/suburban commuters. However, your video did not touch on high insurance or tire costs that might offset the "lower" price or lack of need for gasoline. I guess what you said about them being totaled for a dent in a panel on a Rivian alluded to that fact. Additionally, wouldn't the federal tax credit basically cause the price to be increased by that much?
I was sceptic about EVs being adopted in mass before. I changed my mind after looking at the numbers.
are they actual retail sales? or fleet sales or moved to loaner status? both count as sales. many ev's lose over 50% of their value immediately.
Little of both
Hertz selling the fleet and Tesla just had an additional 5 grand off of stock of the Model Y.
Residual value goes down, cost of the repair goes up, very easy to total these vehicles…
I am waiting for the cybertrucks to start appearing at copart auctions. I am not interested in buying but nosey what a wreck one might bring and if they go to a rebuilder or be cut up for parts. i would think they have the same problem as a rivian coming out of a giga press.
When me and the wife where shopping at a new car recently we seriously considered a plug in hybrid, the Toyota Rav 4 can go about 40 mile on a charge before the the gas engine kicks in. but when I did the math, it would cost me $2.40 in electric to fully charge the car, and gas was currently $3.30, I would save a whopping 90 cents per recharge, even assume I was able to recharge the car three times a day, it would take 37 years to get to a break even point for paying the extra amount cost of the car. In short it does not make economic sense. I have yet to see any EV that you save enough money in gas where it's cheaper to own an EV than it is a car. The numbers are getting better, but they have a ways to go still.
$4000 federal credit is only for vehicles under 25k, if MMR is above 25 these are not tax purchases. I am looking for a model 3 and best price i have seen retail for 2023 is 33K out the door (30k msrp). if you bought in dec last year you could have had same model 3 brand new from tesla with 7500 credit for 32,500 so did they really go down or price in auction is not trickling down to consumer
We are still so early in the EV market it's almost impossible to predict what will happen. We're basically still 1st generation of units. I have no idea what they will be like 15 years from now. It is clear though the manufacturers were not ready for prime time when they were released. They whole charging infrastructure is a decade behind what is already needed.
There is a place for EV just like people resisted the gasoline engine up until they became massively affordable
Currently the infrastructure not set up to support everybody on EV, but that doesn’t mean that there’s not a time in place for them. I live in Los Angeles have a very small commute and chargers everywhere. A lot of them are broken, but I’ve never had range anxiety and I have a plug-in hybrid, a bit different for me, but my next vehicle will be either be a ID4 or polestar 2
And in my line of work, if I have to wait while the car is charging. I can still get a lot of administration work done with my laptop and with the AC on
I know this is comparing apples to Oranges, however, I would like to see what the EV market downs are doing to the traditional and hybrid market. Even a statement of saying that it has minimal impact would be insightful.
Note that he said "us dealers"
Has anyone ever researched to cost of manufacturing a ICE vs EV cars? It seams the EV would be less expensive to build because it's mostly electronics. Engines and transmission cost much more.
when that depreciation finally hit 😂
You are the best !
You are 😁👍
In Denver at Phil Long, They had at least 10 lighting on the lot want sticker price. Say they will take the $7500.00 of sticker and the will take care of the tax credit. Not a Deal.
They have very low cost of ownership if you’re just talking about repairs and maintenance but when you factor in the depreciation, these are total total cost of ownership devastation. if you have a car that cost the same as a gas equivalent, but has a 45% value drop in a year and a 60% drop in three years before any maintenance before anything that’s a huge cost of ownership
EV sales for the first time ever in March 2024 went up, what? EV sales went up month over month, or year over year, or had more sales growth than ICE sales? What are you saying?
Better lease deals will move the metal, but a lot of people are sitting on the fence waiting for the NACS changeover. They could buy a Tesla but that means settling for fit and finish that makes a Jeep look like an '80s Mercedes, too many touchscreen controls and an image tied to Elon's.
The Taycan has tanked big time
For as much as my plaid has depreciated, I can honestly say I would never consider going to back to ICE as my primary vehicle, maybe a toy. I’m very spoiled with my plaid.
check out my ev video i did 93k retail are now selling for 60k
@@LuckyLopez777 that’s a ton of car for the $$$. Steal
I'd love a 22+ model S long range with under 20,000 miles, 19 inch wheels, cream color interior, regular steering wheel. White would be ideal. Having enjoyed our model 3 for over two years I can't see going back to gas for daily. They are just that great to drive and own.
@@scotttitensor8557 big 📠. Plus FSD has gotten sooo good now. My next will be a cybertruck.
I could never have a ev as a primary vehicle.
Great vehicle for retired people just groceries short range charge at home
good for short trips
This morning, TSLA plunged 6% at the open because their sales were only 387K vs 449K expected.
You wanted my opinion? Here it is: I think it’s great that the prices are falling and more people are able to buy them used. I hope prices keep falling and harder!
I think EVs have been a great proposition so long as you have an at home charger and don't drive more in a week than your home charger can charge it in a week (just keep a hooptie on the side for long haul trips across states, using a hooptie is cheaper than driving your nice car 500 miles in most cases anyways). Now with the prices as they are it makes financial sense to buy one. I think I'm gonna do it.
Personally really like Teslas, didn't buy our model 3 to resell. Current values will keep me from trading up to a newer one but really, really like and enjoy the car. If anything, could consider upgrading to a nice model S, my dream EV.
Thanks for sharing!
Am happy for them... I don't want them!
team gas
@@LuckyLopez777 😎😎😎
EV's, No way! I just picked up a 1997 Jeep Grand Cherokee. A True 4 wheel drive work horse. It had 178,000 miles and still looked good for $1,100. I put around $3,000 into it. That included tires. My last one, a 1988 went over 400,000 miles with proper maintenance, and I sold it for $3,000. I will never understand why someone would want a digital car that has to be charged every few hundred miles. Good luck with those abominations.
Because it charges in my sleep.
LMAO @ 1:37
Just bought a 2021 model 3 LR with 12 k miles for under 30k 100% worth it
Tesla offers FSD free for those that already have it on their Tesla when they trade for a new Tesla.
What do you think the projected value is on the f150 lightning lariats? Looking at 2022 seeing them for $45k originally $80k tempted to jump in but don't want to take a bath
I think it's not so much resale value that stymies new EV sales as much as the launch pricing of these vehicles. I think in particular about the Equinox EV, a vehicle we were promised would be under 30k but is launching at 35 for a trim few people will actually be buying. With the Bolt dead and few competitors in the affordable EV range - as well as underserved vehicle class segments like 3-row SUVs - there's not much choice to go around and the prices are out of control. On the plus side, the used EV segment is a great segment for shoppers. Even without the tax credit, the prices of used, relatively new, low mileage EVs is amazing and they serve big market segments like low income commuters and rideshare drivers extremely well. Ultimately, there just needs to be more competition and variety before the market can really pick up steam, but these vehicles have an obviously healthy future. Rapidly advancing technology, improving production methods, and long-term investment in battery recycling will soon make the low cost of EV ownership kind of impossible to ignore.
thanks for sharing
Until it takes 4 minutes to "fill it up" AND charging stations are on every corner, I'll have a gas-powered vehicle.
Yup, until EVs can 100% replace ICE in every way, I have zero interest.
It takes me less than 3 minutes to fill up my car and stations are always available.
Most ev owners charge at home. I only use superchargers twice a year on long trips and they add about 30 minutes total to my trip time on a 8 hour trip. You spend more time at a gas station then I ever will charging my car.
@@MakeAMark1755 not everyone has the capability to charge at home. 10s of millions of people in the USA live in apartments with no charging capability. Those people will have to charge outside the home.
@@AJourneyOfYourSoul I said most not all.
@@MakeAMark1755 then add in all the heavy duty needs for hauling and towing and no way EVs take over the majority of vehicles in the USA any time soon.
Only ICE can do everything at the needed performance levels.
😂 tell tesla that after cutting prices and still missing their Q1 numbers
I see more and more Tesla’s where I live…..
Now they are on sale lol
It certainly was a bad time to buy an EV one year ago. Is it any better now? In another year, what will the depreciation be? Is this really the bottom, or just a pause in the decline?
BYD & Chery roll out Summer 2024. EV's are about to become the biggest automotive market niche ever.
“March is the month when many companies pay employees their annual performance bonuses.”
Triple play, 1st new price keep droping, 2nd resale has to complete with new price - $7500 ev credit, 3rd, older ev completes with used $4000 ev credit sell by dealer. Happy ev evolution.
There goes the power grid...
Bro, the average consumer is not thinking about being underwater on a car loan.
Another reason to NEVER pay over MSRP.
EVs should be considered a disposable car as the battery replacement is to much. Their price should be under half of what they are now.
...while the used ones are suffering
Love your Insights lucky! but I get mmr and those numbers but I don’t think many people are Into evs the way they’re trying to get pushed out. Personally I think cool concept but I wouldn’t buy one. Only reason why I think ev sales went up was because of people getting back tax money or incentives but they’re still gonna drop even more!
What do you think of leasing a new EV?
Best way to go so you can give it back
Who is taking the right offs in these losses? When will the economy or the banks feel this crash?
you said its crashing last video
It is. Watch the video
Your correct sales are temporarily up and it will not continue your reasons were dead on in addition to Hertz dumping all the rental cars on the market which is no small number
ICE and EVs must become more affordable .......then they will sell!
I always buy used so i dont get fd by shity trans or engine
👏👏👏
Gas prices are going up this summer... EV sales will definitely increase.
$$$$
And you think electricity prices are coming down, or that they will even have any in California -- the capitol of EVs?
Ev sales rose from the amount of rebates and invectives that went active. Across the board.
Less than 1 percent of vehicles on American roads are Teslas.
It’s kinda funny I’ve been seeing a lot of Tesla ads lately plus buying a car solely on resale value is stupid