Porsche Taycan Prices Crashed
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- Опубліковано 24 лис 2023
- Porsche Taycan prices are down by almost 40% compared to their market top of May 2022. In my book, this warrants the usage of the word crash, no clickbait over here.
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The Porsche taycan market crashed. Values are down by an average of 28% compared to last year, while some models are down by almost 40% compared to their market top. Personally, I would then also steer away from a brand new taycan, or any other EV for that matter. I would look for an used example. Because they are dropping so quickly, a one year old car can already save you a ton of money. Moreover, as unsold inventory is discounted heavily, it is likely that you will get a fair amount of the asking price.
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision. - Авто та транспорт
What car would you like to see analyzed next?
gtr
Tesla Model S & X
Rivian
Do you feel the 2nd gen R8 will go up in value in the next 5 years?
BMW ix
I got mine at 55k yesterday! full in cash. no 7% loan interest at all. Love it!
oh it was 2021 base with ext battery. 24k mil on it. Cheers
Enjoy it, its a good car especially at 50k
@@yr5994 I bought it from a private seller and it's in porsche dealership for the 3 recalls LOL. they said it will take about a week or so. Thanks!
If you're upset about Taycan or any luxury EV depreciating, you probably shouldn't have been driving one in the first place. Cars are luxuries and very few appreciate. Drive what you want without regret or get a cheap Kia. Life is too short.
And here is envy ladies and gentleman
I do not car that much. I will drive my new SQ5 for probably 4-5 years and eat the depreciation. It is a “treat” that I can afford.
Or buy used
Well said
This is only Fear mongering bullshit from Fossil lobby
Your videos are soo good! keep it up!
Would have liked to see what is happening to the Cross and Sport Turismos.
Thx! Time to buy back a slightly used Taycan😊
Great job as always.
more slides, high refinance costs as short term leases come off. plus very high mark ups back then.
cool as always
I love this channel!
Any problems with the battery after a few years. Was there any truth to the Porsche whistle blower rumors that was in the Teslarati article? Warranties running out and perks expiring are reasons i could see the prices dropping
I suspect the biggest reason for the crash of the EV market is the massive price cuts by Tesla. In Canada, the Model S Long Range went from a high of $140ish to now $99k. Taycan is a better car, but hard to justify when it’s twice as expensive.
The Taycan is a more luxurious interior than a Tesla model S. That's pretty much it, other than that, there's pretty much no reason to get a Taycan.
@@BeeKayX2 I agree on the most part. The Taycan does look better, and probably handles better than my 2022 Model S. Taycan has worse range and acceleration, and not to mention the terrible charge infrastructure for non-Tesla’s. So at nearly double the price, impossible to justify the price. Therefore, the resale will be awful.
More likely Elon cut Tesla prices because the EV market is crashing, not the other way around
Elon marketed EV market crash as Tesla price cut.
His marketing genius is working like a charm
@@jdhillon787
Yeah, I forgot how good Porsches are when it comes to handling. When it comes to looks that's the opinion of the eyes of the beholder. In my opinion, they both great looking cars, just don't like the rims of a Taycan manufacture but that's my opinion
Hi Fourwheeltrader, I am thinking to buy a 2020 Taycan turbo S from a Porsche dealer with approved warranty with low mileage less Than 40 k km on the clock. New price was around 210k now is around 100k for a 3.5 year old very well equipped car. What do you think? Still will depreciation will be high after lost more than 50% of new price? Please advise. Thank you.A.
Great vid! When will the Rolex market turn around?
If you mean turn down, hey you’re in luck!
I wonder why this is. I wonder because i test drove a Taycan and it's an incredible car, it's beautiful, the interior is top notch and the drive feels unlike anything else.. I'm honestly getting tempted to buy a secondhand one by seeing this lol. Too bad you didn't include the Cross Turismo, that's the one i'm most interested in..
40k to replace the battery... Also tax incentives aren't as good when it's used.
@@jermainehibberd7672that’s not the reason as the battery is under warranty for 8 years or 100k miles.
Any suggestions for my next car? Currently Panamera, I need space for backseat passengers and trunk space on Panamera is perfect for my tennis gear. Ball machine wont fit inside 911 frunk sadly. Macan GTS, another Panamera or something else? My requirements/wants hahaha under 5.5 seconds to 60 mph, 4 seater preferred, trunk space and AWD automatic. Other ideas I have pondered VW Golf R, Arteon, Lexus IS 500 or whatever its called or something else?
If its not too late by now: E53 AMG/ CLS53 AMG/ BMW M550i/ Audi S7/ BMW M850i Gran Coupé/ C43AMG/ BMW M340i/ Audi (R)S4/
Great video!
Which new price did you consider for depreciation calculation?
List price or real price (including dealer discount and government bonus for EV) ?
Dealers were marking these UP when new, not discounting. So they’ve dropped even more than the numbers suggest.
A few months ago, a Porsche sales guy told me Porsche was cutting back on EVs in the US market. Also, do repeat Tycan buyers exist like repeat 911 buyers? Don't think so.
It would be great to do an analysis with Europe's data. I think that there might be some differences in the US. Some governments are heavily taxing ICE engines vs EVs or Hybrid. So there might be more demand for EVs in Europe.
Also in Europe there is a Sport Turismo RWD model that doesn't exist un the US and seems to be to holding its value more than other models.
German here:
Taycans are dropping in prices on the used market. I got a 2022 Taycan for 75k€. Its close to 2 years old and has 28k km on the clock. The origninal listing price was 125k€. Its very good to be a used car buyer rn if you plan on buying a Taycan ;D
Not in U.K. was offered a deal on Taycan a few weeks ago. I wasn’t even looking at one! They’re also in stock. Being in stock and with a deal, has been unheard of. Second hand values are falling now. Getting to more interesting price point. But I think the EV market is suffering here. Those who want to go EV probably have done so. More choice than ever, but government has put back the new ICE ban by 5 years to 2035. Still a big benefit for company car drivers, who are possibly the larger buyers of EVs for tax reasons.
@@roarbahamut9866 is this a Sport Turismo RWD or a Sedan RWD you are referring to? I spent time on reviewing prices for RWD Sport Turismo and depreciation seems minimal (I don't explain why). In France the cheapest Sport Turismo on Porsche Finder is 96.5k euros /15000 km and its price in the configurator is 120k euros (which actually not the right price since the price increased by 7k euros since August 2022 => the price when it was new was 113k euros). This is 15% depreciation in 1+ year/15000 km which is not that bad. And I am supposing here that the owner didn't get any discount when they ordered, but they probably did so depreciation is probably even less than 15%
I would suggest get a used Tacan 4S for £60K and if you like keep it, if to be sold after 3 years, how low could a Luxury Sports EV go down to?? Worst case 45K, so have you lost much?? :) I plan to do that soon!!
I shall do the same. Likely a GTS. Bargain price really given most of the real depreciation has happened.
This reinforces the increasing demand for hybrids and decreasing demand for EVs. I think the transition needed to be more gradual, and it doesn't make financial sense to buy an EV right now.
Glad I bought my base for $97k new...pays to add the $7500 rebate to those numbers btw. It's skewing the data without including the US federal rebate of $7500.
so tempted to get a used Taycan
I really wish you covered European markets as well. Especially the Panamera market in Europe: particularly in Germany as an example.
Work in progress. From the beginning of next year I will start to include the German market.
@@fourwheeltrader Wonderful news! Keep up the awesome work!
@@fourwheeltradergreat!
You used the Panamera as a comparison, but I thought a more interesting comparison would be the hybrid vs BEV, and the Hybrid Panamera vs Taycan would be instructive. That first graphic you put up with Normal, hybrid, EV and trucks showed Hybrids were holding their value even better than traditional cars. I'm trying to think of other examples of this that may be in your vision. The Sonata Hybrid is a bit to mass-market and the 296 is a bit too new. BMW i8? Normal models that have Hybrid powertrains are rare, but they seem to be the new hotness.
Good point, I will include the hybrid Panameras in the next market update.
I had a coworker get a Model 3, 3 years ago. He decided to get it, because they have such low depreciation and almost no maintenance. Man can you find these cheap around here. 2018 Model 3 is less than 2018 Accords.
Not in California
New technology is always expensive at first..
The no maintenance thing turned out not to be so true. And if you consider battery packs as maintenance the numbers might be worse than ICE.
Our cleaning lady arrived yesterday on model 3 wrapped in bright orange. What do I know…
@@driliagor I don't get it, what's your point? 🤔
Hi, thx for these analysis . I fyou can >> Porsche 996 C4 from 2000. cheers
Would it be possible to get an update on the Taycan market to see if the prices are showing signs of bottoming out yet?...
Coming up this Saturday
@@fourwheeltrader Any advanced clues... im going to drive one today :)
Can you do an update on the Gallardo?
I started to track them again but it will take a while before they will appear again on the channel.
Would not be the normal depreciation of any car? Not all Porsche are 911.
The prices of these vehicles is absurd. Dealers loaded up these cars in the hopes that suckers (buyers) would scoop them up when money was cheap. Fast forward to today and the best thing to do is grab some popcorn and watch this slow moving automotive train wreck and inventories continue to build and dealers are still asking "make believe" prices. Let's see how long they can continue to finance unsold inventory on their lots through the cold winter. The implosion is coming
Judging by these graphs, in a couple of years, owners will be paying people to take Taycans away. :P
Update. With the facelift model out now with major improvements to range. Also the Macan EV out too. All this means more pain to come for Taycan values. All this is because the car was way way overpriced from new.
Very good news. I love taycan and I will buy one 2022 turbo S model on German second hand market for a very very good price.
How much?
Just ordered my turbo s at 100 k euros from germany 3 year old ..initial price was 230k euros
Can you make an analysis of the Audi SQ5?
Good reason to buy a used one!
There will always be a customer for a taycan a relatively cheap way to buy into the posrshe brand
Still a fantastic car imho, cant afford one don’t buy simple. However an absolute bargain for those that can ✌️
Probably the best all round car I’ve ever had
So after 4 years I should be given one?
I have to disagree. This is the perfect used car. The price of a 2022 Taycan is super low. And, they have very low miles. I just saw one for $68K with just 22k miles. That's just broken in! It's literally half priced.
Sssshhhhhh, why did you make a video about that topic? I am trying to pick up a low mileage 4s for under 70k...
Good!
No surprise : it costs $40k for a battery pack replacement.
The fear of battery replacement is largely to blame I think. Someone could make a nice business if they started now developing a private replacement pack for the Taycan and other luxury EVs. The cars are made so well they’ll last for decades. It’ll be far cheaper and more capacious than OEM and these cars will start needing them in a few years.
It costs more than $40k for a battery pack replacement on a Taycan.
How would the announcement of the facelifted Taycan affect the market of the current Taycan?
New model or facelifts have always pushed existing inventory into lower pricing tiers. Nothing new. People want the newer model so the older one is less desirable. Has been true forever in car sales
Not using 0 as y-axis min is deceptive.
Not really. Business as usual for these purposes.
The EV market demand has slowed down across manufacturers. Prices will decline due to competition. As we hit into 2030, things will change with EV market and it will pickup. I was in the market for a 911 GTS and dealers are not even considering giving an allocation without $40k . Porsche needs to consider selling directly to consumers as well as dealerships. If they open the gates to direct consumer sales, the crappy dealership experience will go away and it will attract more consumers/buyers.
Looking as this as investments and driving very little to make $$$$$$$$ . I'd buy and get the options I want than used.. Keep for 10 years plus... Own!
Not in Denmark
It was such significantly overpriced to begin with
seems like the prices dropped on high end EV's becuase tesla drastically cut their prices.
who would buy them? Most people get them on work lease deals, and they don't buy secondhand. Plus, you know, that global interest rate rise thing...
Not sure what the crack is elsewhere but in the U.K. an EV is a complete tax write off. So if you say earn 100k
But you bought the EV for 100k you would pay no personal tax at all. Basically making them 40% cheaper in real terms. The issue is all Evs were then over priced by about 40%
As you eludid to there is less components on an EV so no reason for them to be so expensive it was just the car companies charging what they thought they could get away with.
When traditional ice vehicles are so much cheaper still of course the prices are going to Tank.
Especially on second hand markets where the tax breaks aren’t as good.
what? there is no taycan s, only taycan, 4, 4s, gts, turbo, turbo s
The taycan S only includes the fourwheel driven variant.
EVs are going down in price? Ow no. Anyway....
Why buy now, don’t buy like everyone
EVs have no 2nd hand market, period!
The Panamera Sport Tourismo models will increase in value because Porsche just discontinued it in 2024. The sleeper collector.
I would not be surprised if the Taycan Sport and Cross Turismo see the same fate in the coming model years. A sad truth that wagons aren’t really selling (at least in the US.
Sad, because they are some of the best looking Porsches for sale. But I’m biased. I own a E-Class Merc wagon and a modified Dodge Magnum HEMI wagon and have owned Volvo wagons as well. Euro wagons rock and the Taycan Turismo wagons are unique in the market. They may still continue them in other countries and make them special order like MB did here in America for a while.
Bought a fully loaded 2021 4S with less than 20k miles for 50% off MSRP. Steal IMO
Buy a late model 911 with a proper engine, as someone else said, life is short.
Own a base taycan for 2 years now which I drive everyday and love it.
Pros:
- I have solar I essentally charge for free at home ($5000 / year petrol saved)
- Next to 0 maintenace, the tyres are the only thing I'm maybe nearing needing to change
- Never needing to ever go to the petrol station again (tedious/hate the smell)
- The every day driving pleasure of porsche (handling) with benefit of EV (efforless/quiet/efficient)
- Other tech features like remote precool and automatic start etc
The above benefits for me far outweighs any extra depreciation of the vehicle this video suggests.
For those that love their flat-six, it's probably becoming their weekend second car. Wheres with the Taycan, you drive it and enjoy it EVERYDAY.
If you are in the market and considering, the only things to note before you purchase is if you need to drive long distances a lot and whether you can charge at home.
Otherwise pull the trigger, you won't regret.
A used Tycan probable gets 150 miles of range. No thanks.
ETron version of Taycan is even worse
True! I’ve seen 2021/ 22 models with 5-10’ km for
Not gonna lie, great to see these Porsche owners who embraced EV bought a sinking rock in the past couple of years. Apparently Elon musk has way more control over the EV price market than the Porsche brand….get a shitty EV to go to work and leave ur flat six for the weekends. Getting a 200k super EV appliance that drives like a Porsche with such limited range just to avoid paying for gas and maintenance is such a dumb idea lol
Not sure what the crack is elsewhere but in the U.K. an EV is a complete tax write off. So if you say earn 100k
But you bought the EV for 100k you would pay no personal tax at all. Basically making them 40% cheaper in real terms. The issue is all Evs were then over priced by about 40%
As you eludid to there is less components on an EV so no reason for them to be so expensive it was just the car companies charging what they thought they could get away with.
When traditional ice vehicles are so much cheaper still of course the prices are going to Tank.
Especially on second hand markets where the tax breaks aren’t as good.
New technology is always expensive at first and then it gets cheaper. The first iPhone was $500. Three years later the iPhone was $199.
Drive Porsche if you want but EVs will take over. My Plaid can carry 5 people, it gets 119 mi to a gallon (equivalent), I can fit a 70-in TV in the back of my car, it has the best technology available, it'll run 2 second 0-60 all day long.. even in the rain and it'll destroy any Porsche at a traffic light. 🤷
As a reminder Tesla accomplished this in less than a decade and electric vehicle technology is in its infancy, whereas internal combustion is at its peak. Internal combustion is doomed and will go the same way as the horse and carriage.
I think the Panamera is not well-loved but my view is what we are seeing expressed here is a preference for good old fashioned GAS powered cars.
@TheMadmax0609 let's wait and see....have you only recently bought your crystal ball? The problem with your argument is that the infrastructure will take decades to arrive where it needs to be . Meanwhile, other solutions such as synthetic fuels, will be developing rapidly. There is a long way to go.
@@chrisva505 what you don't realize is I can charge an electric car anywhere there is power. No one is going to care about synthetic fuels. Think about this, how often would you drive to the gas station to fill up if you had a gas pump in your garage? 🤔
BTW, I bought my crystal ball back in 2020. 😁
EVs dropping like stones , bargain ! Will go up with gas prices
People aren't buying $150k EVs to save gas money.
@@eyesurgeon69 1 year later $99k EV
2.5 yr old Taycan offered $40k and dealer said they don’t want it at all !
Crashed = Bottom... Isn't this good news? lol
I went into my local Porsche dealer last week. I asked about a GT4 spot. They said they would get me one if I bought a Tycan... I ain't buying that garbage, lol 😂
Really? Production of GT4 and Spyder ended in 06/2023 and they were around one year in advance sold out!
Taycans are awesome cars. But used however....
BMW M2 - G87 please 🤓
I posted a m2 update a few weeks ago, have a look at the channel.
@@fourwheeltrader saw that! There you were focusing on the F87 mostly. So waiting for the G87 with more significant values. The integration of the German market would also be great 😎
Long hair don’t care. Love my Taycan every single day I get into it.
MB GLS
I believe what you are saying is "For the first time in several years, Porsche has the same depreciation as all other cars". Hopefully the 911 will follow. This trend of used Porsches getting more expensive for every month is really strange
all cars are crashing now, even the teslas. Scare tactics just for clicks....tsk tsk.
EVs are crashing, not all cars.
cars are depreciating more like they used to, not really crashing. Luxury EVs are tanking faster than luxury cars in general.
Water is wet. This was wildly predictable, and EV's largely are losing money for manufactures, hugely inefficient for the end consumer and make about zero sense at any level. And no, even though price has crashed, I wouldn't buy one of these appliances. IC all the way.
They make a lot of sense in specific use cases. As a commuter vehicle appliance for people who have home charging they’re perfect. Large cities also great (less noise and pollution). But for a huge part of the country and uses they’re absolutely stupid. Hybrids are the answer for almost everything else.
A Rolls is perfect for electrification. A Ferrari absolutely not. We’re going to see soon how people feel about their icons going electric when the next Cayman/Boxster comes out.
@@f.kieranfinney457 right now, it appears the trend is down for EVs. Ford has backed way off, same for GM, we’ll see if VW et al follow. Ford lost 2B in the last year on EVs, that’s absolutely astounding so they’re smartly course correcting.
My point on the prior is that even though you’re “clean” in the city, it’s merely transferred to the coal, natty or nuke power plant in the countryside. Kind of if you don’t see it, it’s not there kind of logic.
Hybrids just add another tech system to the power plant that can fail. I’ll keep my rides simple as possible as long as I can. Last weekend the temp sensor failed on my Denali XL, I was traveling with the whole family in tow. I pulled into an O’Rylies bought one for $15 bucks an swapped it out in the parking lot in about 30 minutes with a multi tool and crescent wrench.
@@cjb8993 the inequities are there for sure. But a Model 3 vs your gas guzzling Denali is a no brainer.
@@f.kieranfinney457 perhaps in your vacuum. I tow a boat and utility trailer. And my 4 kids can’t fit in that appliance. It’s pretty gay to be honest
@@cjb8993 gendered cars? Says so much.
Most people rarely use a truck or SUV as designed. So you’re a good example of someone that doesn’t meet the use case. Don’t assume you’re ’normal’ though. One person driving them on the street all for show. For them or a contractor who needs a power source or for glamping, an EV works. In certain locations. But in the vastness of America EVs just don’t work. Here in NC there’s almost no public charging. Eventually though they’ll be a reasonable choice. Heterosexual even.
Put up gas engine in the Taycans and they'll sell like hot cakes and hold their value
I would be interested in that!
Total nonsense! Clickbait! Every single car that Porsche manufacturers sells at Manufacturers suggested retail price. If private owners have difficulty selling its because of the economy. To make things seem like Porsche is in trouble is just laughable.
It seems to me that you are mixing up a few things and fail to understand what is presented in the video. Nobody states that porsche is in trouble and some porsches indeed sell under msrp at times.
@@fourwheeltrader with diplomacy the word crashed in your header is deceptive to say the least. Not looking for an argument or debate but your channel lost credibility in my book. Regardless have a safe and healthy holiday.