MG EV Prices

[Bam Bam]

They are probably selling them cheap to flood the market of people looking for a SUV EV to stop the new importers of SUVs (Jaecoo, Leapmotor, XPeng etc.) getting a foothold especially as they are available straight away.

Or more likely to compete with the legacy brands and make them look like bad value.

Works well for consumers when businesses are fighting for market share, but it isn't good for the investors in the companies that lose a lot of money and possibly even have to give up. Western auto companies are essentially trading on brand value and association, like the British-owned mass car industry was trying to do in the 90s with Rover branding.

 

[Bam Bam]

over here, they are holding their price no matter what bargains are offered every so often .... they are a most desirable car .....

Once people with driveways realise...
1. That all the scare stories about EVs and the longevity of batteries are nonsense
2. That EVs are cheap to run if you can charge at home

Then demand for second hand EVs will improve.

Oh, and if you buy a car you should expect to lose money.

If you want an investment go for property or financial assets (stocks, bonds etc.). Though you can't drive those around.

 

[Everest]

Well it's not so great for used car prices when we come to sell.

But good for us who like to buy 3 year old EV's and save ££££'s

 

[siteguru]

All the early MG 4 buyers!!

Exactly ... but I bought mine to keep so it doesn't really matter - the depreciation if I come to sell/get another car will be irrelevant.

 

[Bam Bam]

Exactly ... but I bought mine to keep so it doesn't really matter - the depreciation if I come to sell/get another car will be irrelevant.

Indeed - a car is eventually going to end up falling to bits and become useless and without value.

We are just discussing the question is the exact curve/graph of what others will pay for it in that middle period between new value and scrap value.

 

[Everest]

We are just discussing the question is the exact curve/graph of what others will pay for it in that middle period between new value and scrap value.

I'll buy @siteguru's car when it's worth £1000 and see if I can turn it into a 51kWh LFP home battery

 

[Bam Bam]

I'll buy @siteguru's car when it's worth £1000 and see if I can turn it into a 51kWh LFP home battery

Very good point - a used LFP battery will be worth a hell of a lot more than an old fuel tank!

 

[salty]

Very good point - a used LFP battery will be worth a hell of a lot more than an old fuel tank!

Good point.

 

[LenEV2016]

Very good point - a used LFP battery will be worth a hell of a lot more than an old fuel tank!

Don't let the ice crowd hear you say that they probably have a crap response for that as well