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.

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

 

[siteguru]

Aye - the crap's all in the bottom of the old tank.

 

[5teep]

Is the S6 the equivalent of the HS, size-wise? Or is it bigger, like the Marvel?

I think the S5 is more HS size, at least the accessories for the HS fit it.

 

[LenEV2016]

Aye - the crap's all in the bottom of the old tank.

I'll have you know that crap adds to the antique looks and could some day be used as art, with a sign under saying we used to drive around with this fully of a highly flammable liquid that they used to cause little mini explosions to make the car move

 

[Bradmore]

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

Spoke to my MG dealer today when collecting my MG mats and asked him why MG were cutting the list price so much on certain models, what were they hoping to achieve? He said perhaps it's because second hand EVs are not selling so well. Maybe true, maybe not, but that's what he said. He didn't seem to want to get in a discussion about it.

 

[securespark]

I remember decades ago reading in What Car? that they recommended in order to get the best out of your money with a used car to buy at 2 years old and sell at 5, but I don't know if that still holds true.

 

[Bam Bam]

Aye - the crap's all in the bottom of the old tank.

Black/brown/sludge gold.

 

[T1 Terry]

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.

I've bought the odd salvage/scrap value vehicle, age generally has little to do with it. 2 MG4, one was roughly 3 weeks old and took on a white post and lost, I'm not sure if the second even reached that sort of age, hit from behind ..... seems no one wants to take on repairing them when there is so much work getting ICE cars back on the road.

This, to me says, a 10 yr old MG4 could be refurbished with parts that had done less than 10,000kms, meaning the useable life can be extended using parts out of vehicle that was put off the road due to an MVA ..... so, how old does it become not worth salvaging ..... There are a few in this lot that seem to have bucked the scrapyard I'd recommend a min of 2 times speed, and no matter how much you shout at the screen, he won't stop swinging the camera around ..... I watched it all the way to the end, hoping to point out the EV converted Singer Ute and the 2002 BMW that I was the charging station for with my MG4 51, but he packed up about 5 mins before we came through ......

Min 35 yrs old for a vehicle to enter, out of the 1,500 entries and another 2,000 that went along for the drive that would have qualified to entry, you wouldn't have been able to pick one of them up for the price of a brand new MG4 .....

T1 Terry

 

[tsedge]

All the early MG 4 buyers!!

Me included!

But I knew I was doing and back then £30k family EVs were as rare as hen's teeth. There was a supply chain crisis too.