I was looking at used Evs and I keep seeing 1 or 2 yr old VW id4s with very little miles for like $25-30k. Is there a reason why they lose their value so quickly? I even saw a 2022 Pro S with 2k miles for $28k. Someone basically lost $20k driving it off the lot 😓
They are doing it on purpose
Why? To drive up their price? Doesn’t seem smart when interest rates are high. Shoppers are now being cautious
The Japanese government didn’t want to rely on Chinese rare earth or battery technology. The Japanese companies decided to focus on hydrogen. Former auto execs got into government and wrote regulations that supported that, and that + sunk cost fallacies is why they are where they are.
TOYOTA buyers swear by them and are brainwashed that everything else is like being a 2nd class person. So, Toyota is capitalizing on this belief.
doing what on purpose?
producing record numbers of vehicles almost every single quarter this year?
they are almost back to pre covid levels in a shrinking market and are only 3% below their all time high in 2014.
Actually Toyota is sending inventory to other countries over the us, because they are more profitable. So, yes the numbers in the us are being kept low by Toyota on purpose…
Really? Like US made cars are being exported ?