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 EV resale value. Great study from Thai auto market

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Icehart
post Apr 29 2025, 01:48 AM

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QUOTE(adri4n @ Apr 28 2025, 02:43 PM)
fren bought tesla model 3 RWD baseline model 189k Aug 2024

sold 160k Apr 2025 ... 16% drop
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Why sell? So many EV owners praise
xHj09
post Apr 29 2025, 02:19 AM

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QUOTE(yeapsc73 @ Apr 28 2025, 06:52 PM)
What u talking? Ppl is comparing with ajia rahmah or maibi king
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Ayam kasi apology, trading in for 5 pieces of king to retain 100k value lepas 10 tahun !!

QUOTE(yhtan @ Apr 28 2025, 07:29 PM)
Even current conti ICE car also drop value each year about 20-25%, some more the repair bill will cost a bomb, 5 figures is quite normal.
Not really, BMW EV and Mercedes EV drop about 30%+ for the first year.
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Cannot compare conti, nanti ktard kecam not good comparison, so must take similarly priced H/T

QUOTE(DarkNite @ Apr 28 2025, 07:39 PM)
After 10 years EV technology no longer the same.
Software & hardware no longer supported.

See within these 10 yrs EV from nickel-cadmium to Lithium Ion to lithium iron phosphate to Sodium ion to.....
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That’s why invest in the company with proper vision.

With that mindset, you’ll never own anything even after 10y. 10y later again and again. There is never a perfect time to adopt new technology.
TSknwong
post Apr 29 2025, 08:15 AM

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QUOTE(nasiputih @ Apr 29 2025, 12:13 AM)
so you are saying we shold apply EV loan tomolo?
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Buy used EV can use cash dy. Drop so low
yhtan
post Apr 29 2025, 10:53 AM

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QUOTE(Roman Catholic @ Apr 28 2025, 09:37 PM)
https://www.facebook.com/share/r/1AVfAGLgJB/?mibextid=D5vuiz

Sounds like EV owner pun love towing. Not bad, not bad. EV hater tumpang gembira je la.
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Tyre puncture and tow also salah EV?

QUOTE(xHj09 @ Apr 29 2025, 02:19 AM)
Cannot compare conti, nanti ktard kecam not good comparison, so must take similarly priced H/T
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Even Toyota colola cross also drop about 15-20% after one year, have to accept the fact that car is a depreciating asset
deepan84
post Apr 29 2025, 11:15 AM

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QUOTE(dogbert_chew @ Apr 29 2025, 01:48 AM)
2024 units

user posted image
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mana ada 2024.. those design is 2022 and before.
Drian
post Apr 29 2025, 11:23 AM

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I doubt the calculation.

The depreciation is very likely non linear which means as it goes closer to battery lifetime, the closer the resale value it is to zero.

rznrmolev
post Apr 29 2025, 11:50 AM

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QUOTE(adri4n @ Apr 28 2025, 02:43 PM)
fren bought tesla model 3 RWD baseline model 189k Aug 2024

sold 160k Apr 2025 ... 16% drop
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Ouch, almost rugi 30k in 8 months. He bought the car full payment or loan?
KingArthurVI
post Apr 29 2025, 12:04 PM

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Ayam hand itchy want to buy Sealion 7 but scared the deprecation ohmy.gif
Roman Catholic
post Apr 29 2025, 12:12 PM

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QUOTE(KingArthurVI @ Apr 29 2025, 12:04 PM)
Ayam hand itchy want to buy Sealion 7 but scared the deprecation ohmy.gif
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What depreciation ? Not write off meh ?
max_cavalera
post Apr 29 2025, 12:14 PM

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QUOTE(KingArthurVI @ Apr 29 2025, 01:04 PM)
Ayam hand itchy want to buy Sealion 7 but scared the deprecation ohmy.gif
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Once their sales slow down. Sure gip rm20-40k discount as usual liek the seal and atto 3.

Topkek
Roman Catholic
post Apr 29 2025, 12:18 PM

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QUOTE(max_cavalera @ Apr 29 2025, 12:14 PM)
Once their sales slow down. Sure gip rm20-40k discount as usual liek the seal and atto 3.

Topkek
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I think they will eventually give 100% discount too when the right time comes.
netmatrix
post Apr 29 2025, 12:18 PM

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The bulk of the price of the EV is the batteries anyway. The depreciation starts when the battery life starts depleting.
KingArthurVI
post Apr 29 2025, 12:25 PM

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QUOTE(max_cavalera @ Apr 29 2025, 12:14 PM)
Once their sales slow down. Sure gip rm20-40k discount as usual liek the seal and atto 3.

Topkek
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Hope so… now there’s not a lot of competition at that price range / power level yet. If Proton comes up with e.MAS 9 or whatever around that segment, confirm Sealion 7 and Model Y come down in price whistling.gif
yeapsc73
post Apr 29 2025, 12:27 PM

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QUOTE(dogbert_chew @ Apr 29 2025, 01:48 AM)
2024 units

user posted image
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topkek dun even know how model 3 3024 model looks like
Syie9^_^
post Apr 29 2025, 12:31 PM

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QUOTE(fuzzy @ Apr 28 2025, 03:21 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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need to drop -23% X3 then make sense for mass market adoption. laugh.gif
TSknwong
post Apr 29 2025, 04:52 PM

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QUOTE(Drian @ Apr 29 2025, 11:23 AM)
I doubt the calculation.

The depreciation is very likely non linear which means as it goes closer to battery lifetime, the closer the resale value it is to zero.
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Won't be zero la. The full article got mention used BEV will maintain a stable resale value at 30% of original car price based on data they have now
Drian
post Apr 30 2025, 09:21 AM

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QUOTE(knwong @ Apr 29 2025, 04:52 PM)
Won't be zero la. The full article got mention used BEV will maintain a stable resale value at 30% of original car price based on data they have now
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Where is the original article. I don't think this statement is accurate.

A 10 year old BEV with 50% of the original battery capacity still cost 30% of original car price. I doubt it.
TSknwong
post Apr 30 2025, 09:25 AM

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QUOTE(Drian @ Apr 30 2025, 09:21 AM)
Where is the original article. I don't think this statement is accurate.

A 10 year old BEV with 50% of the original battery capacity still cost 30% of original car price.  I doubt it.
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https://www.krungsri.com/en/research/resear.../Used-BEVs-2024
max_cavalera
post Apr 30 2025, 09:35 AM

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QUOTE(Drian @ Apr 30 2025, 10:21 AM)
Where is the original article. I don't think this statement is accurate.

A 10 year old BEV with 50% of the original battery capacity still cost 30% of original car price.  I doubt it.
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Its still early stage of EV. 1 kwh travel distance is still 5-7km max.

2 kwh : 1 litre of petrol average travel distance.

Only jimat if charge at own home.

The bug difference only will come once solid state battery become cheap and into mass market EVs.

The battery weight will go down by 40-50% at same capacity.

The lighter weight will improve EV efficiency consumption.

Maybe 1 kwh : 1 litre or even more of petrol average distance covered.

By then the saving cost even if charge at fast charger outside is still significantly cheaper than petrol.

By then EV may be more viable in Msia mass market.

For now will remain T20 and upper M40 vehicle.
Roman Catholic
post Apr 30 2025, 09:45 AM

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QUOTE(knwong @ Apr 29 2025, 04:52 PM)
Won't be zero la. The full article got mention used BEV will maintain a stable resale value at 30% of original car price based on data they have now
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Unregistered new EV that has its battery warranty expired based from the EV production date, still got value or free ? Free here means nak ambil kena replace EV bateri agar kereta boleh berjalan dan harganya adalah ...

This post has been edited by Roman Catholic: Apr 30 2025, 09:47 AM

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