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 EV resale value. Great study from Thai auto market

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TSknwong
post Apr 28 2025, 11:33 AM, updated 8 months ago

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One of the comprehensive report from Thai industry research on used BEVs there. Good reference for M'sia

Krungsri

TLDR:
1. Initial depreciation: As soon as a BEV leaves the showroom, it drop -23% of its original list price

2. Mileage: Thai BEVs lose between -5.6% and -9.4% of their value for every 10,000 kilometers that they travel, higher than ICE
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3. Country of origin: US and European BEVs, which also typically target the premium market, hold their value better than Chinese, UK, Japan & Korea models
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4. Segment: Premium BEVs (i.e., sports and luxury sedan models) and electric vans offer resale values that are 8.9% and 18.6% better than BEV passenger vehicles
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5. Year of Manufacture: BEVs depreciate in value by an average of -6.1% for each year that has passed since that model was first released to the market.
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t3n
post Apr 28 2025, 11:35 AM

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Okay..
johnnyg
post Apr 28 2025, 11:46 AM

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MY how?
anakkk
post Apr 28 2025, 11:48 AM

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QUOTE(johnnyg @ Apr 28 2025, 11:46 AM)
MY how?
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not enough data LOL
max_cavalera
post Apr 28 2025, 11:51 AM

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Normal.

As EV becoming more and more consumers electronics than the traditional automobile counterparty…

A BYD Seagull launch from usd 10k+ 2-3 years ago. Now start to sell from usd 7900 in Chyna…
MegaCanonF
post Apr 28 2025, 12:02 PM

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GG early adopters
smallcrab
post Apr 28 2025, 12:03 PM

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Good info
TSknwong
post Apr 28 2025, 12:07 PM

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QUOTE(anakkk @ Apr 28 2025, 11:48 AM)
not enough data LOL
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Maybe need an institution to seriously conduct the study. Data will definitely be there - just lower confidence level
SUSfuzzy
post Apr 28 2025, 01:51 PM

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QUOTE(anakkk @ Apr 28 2025, 11:48 AM)
not enough data LOL
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Can agak one gua. BYD Seal Performance, launch is RM199,800.

Now resale RM155k ( https://www.carlist.my/used-cars/2024-byd-s...d-unit/15920918 )

Also around -23%, so agak agak is similar gua?

This post has been edited by fuzzy: Apr 28 2025, 01:52 PM
marvinben
post Apr 28 2025, 01:57 PM

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So less than half price after 40,000km travelled? Seem about right when looking at used Atto 3.
anakkk
post Apr 28 2025, 02:13 PM

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QUOTE(fuzzy @ Apr 28 2025, 01:51 PM)
Can agak one gua. BYD Seal Performance, launch is RM199,800.

Now resale RM155k ( https://www.carlist.my/used-cars/2024-byd-s...d-unit/15920918 )

Also around -23%, so agak agak is similar gua?
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should be la, who wana do the anal-ysis?

those carlist la carro la need to do it lo
Sichiri
post Apr 28 2025, 02:23 PM

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already say ma, BEV is like smartphone, every year new model out, old model obsolete. Just buang and buy new EV every year kowtim.
a_dot_el
post Apr 28 2025, 02:25 PM

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Sounds like every Euro car's depreciation value.
Autocountstick
post Apr 28 2025, 02:26 PM

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Ron91 RM4.2
70U63
post Apr 28 2025, 02:33 PM

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Don't forget battery price dropped a lot since year 2023.

In the near future, CATL's sodium battery (which is a lot cheaper) will be available in more EV.

But ppl will still complaint no EV charger while buat tak tahu the need to invest in the infrastructure. rclxms.gif

Then we expect our pussy gov to gradually remove the fuel subsidy. Many will still complaint.


latipbogiba
post Apr 28 2025, 02:35 PM

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EV rv even when ev reach more than 90% still dropping far rather than ice car.
coz in the future, the future generation will treat car similar as our electronic devices.
even in the future, petrol is depleted, ice car still have value (for showroom)
deathTh3Cannon
post Apr 28 2025, 02:37 PM

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ICE all the wey
adri4n
post Apr 28 2025, 02:43 PM

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fren bought tesla model 3 RWD baseline model 189k Aug 2024

sold 160k Apr 2025 ... 16% drop


yeapsc73
post Apr 28 2025, 02:44 PM

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QUOTE(Sichiri @ Apr 28 2025, 02:23 PM)
already say ma, BEV is like smartphone, every year new model out, old model obsolete. Just buang and buy new EV every year kowtim.
*
iPhone out also every year. What is the main difference between iPhone 16 and iPhone 12 in term of functionality?
Sichiri
post Apr 28 2025, 02:48 PM

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QUOTE(yeapsc73 @ Apr 28 2025, 02:44 PM)
iPhone out also every year. What is the main difference between iPhone 16 and iPhone 12 in term of functionality?
*
bigger battery, better cpu, better screen, better camera, faster charging, usb-c, Apple AI?

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