I can echo the points above, I sold my MG5 SR exclusive to Motorpoint at the beginning of December 2022 a week or so later I took a look on there website as you do, to see how much it was on sale for, well I was surprise to see it was for sale at only £500 more than they paid me for the car I have looked again today it is still for sale but at £2499 less than they paid me for it, I think if I hadn’t now got the MG5 Trophy I would have been thinking of going to buy it back.
It sure does appear that the bottom has fallen out of the market for S/H EVs and the good times have gone for now, I did a check to see how much I could perhaps get today on the Trophy and shock horror almost £4.7 thousand less than I paid for it on a couple of sites with less than 1000 miles on the clock.
That’s even more worrying. But it is not really unusual for the S/H vehicle market to be poor at this time of year I think so anyhow.
Les