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 😓
Don’t forget the 2022 recalls where the backup camera stopped working. That had a big impact on those getting off the lots because the parts weren’t readily available, and the issue was known for a long time.
And now they just had a huge 2022/2023 recall. That doesn’t help sales.