This week's EV bargain that I'm not buying

It’s always amused me that there have been about 4,000 model 3’s registered in Ireland and there’s only 44 ads on Carzone or donedeal today - almost all of them at unsellable prices, suggesting owners love their cars and aren’t selling - or if they are, want unrealistic prices.

theres literally one one or two ad’s that you might consider good value, in the whole country.

So the best value model 3 is still a new one, which is a pretty bizarre scenario for any market.

eventually that will have to reset, it’s just that most were sold in 21-23, so the 2nd hand volumes will start to rise in 24/25

Prices absolutely have to/are dropping. There are used cars sitting on forecourts for months, ICE and EV. I see no marked difference in where both technologies are headed. They are returning to more usual depreciation, but doing so slowly.

Flag one is cars sat on forecourts and done deal for months and months. When prices are on the way up everyone in the value chain is happy to roll with the direction. Prices takes time to drop, for new cars there are multiple stakeholders in the value chain, all keen to capitalise on the price rise, all it takes is part of the value chain to resist price drops and retain everyone else's costs remain too high, and they cant cut their price, until squeezed by the consumers decisions.

Consumers will ultimately dictate the market by holding onto their car another year, switching "loyalty" , or delaying purchase of a second car (me).

There will be some cars which shift to equilibrium quicker, generally driven by supply and demand in used market, and the cap price (new car price). I was looking at a Peugeot 5008 recently, there are not so many GT around - the 2001 was more or less the same price it was bought for, the new model was up nearly 50%. Wages have not gone up 50%! The situation isn't sustainable, and that is before throwing the Chinese options with brand recognition growing by the month.

Don't buy it frankly. You quote natural sales in various posts yet disregard natural sales cycles of ownership. It doesn't make any sense. The car is simply so good regardless of age that majority of owners keep it forever..

For (relatively normal) buyers simply searching on Carzone or donedeal, there’s none below €30k bar someone prepared to drop. A high miler for €26k this week was gone in 48hrs.

if I wanted a 2nd hand m3 today, there’s literally zero value in the market.

early Tesla owners like their Tesla.

Was that the lr+ with 115k miles?

No, I thought that one is still for sale? It was a standard range with 80k miles