UK’s Biggest Used Electric Car Bargains

Explore the lowdown on the used electric cars in UK that we think offer you the most value for your money in 2024.

Salman Chaudhary, Founder Pinkywheels.com

2/4/2024

UK’s Biggest Used Electric Car Bargains
UK’s Biggest Used Electric Car Bargains

UK’s Biggest Used Electric Car Bargains

Hello and welcome to Pinkywheels special where we dive into the World of used electric cars in the UK to uncover the biggest bargains currently available. In this article, we will provide insights into the electric car market in 2024, exploring the dramatic shifts in pricing and identifying the top 10 used electric cars that have experienced the most significant price drops over the past year.

The electric car market has undergone a remarkable transformation, transitioning from times when demand was so high that people were willing to pay around 60 thousand pounds for Volkswagen ID 3s and ID 4s due to a 12-month waiting list. However, the landscape has evolved rapidly, with prices now reflecting a more buyer-friendly market, thanks in part to Tesla's strategic pricing adjustments.

Tesla, a prominent player in the electric car industry, made headlines by slashing £99,000 off the price of a new car. This move not only impacted the pricing of new vehicles but also had a cascading effect on the value of used electric cars, prompting a realignment in the market.

To gain valuable insights into these market dynamics, we reached out to Cap, a renowned authority in car pricing. Cap monitors and predicts values for various stakeholders in the automotive industry, providing us with a comprehensive list of the top 10 electric cars that have experienced substantial price drops over the past 12 months.

Let's take a closer look at the notable shifts in prices, focusing on 12-month-old cars with 10,000 miles on the clock. The percentage drop in value serves as a key metric, comparing the current price to what the car would have cost a year ago.

Jaguar I-PACE (Number 10):

  1. Previous Value: £48,460

  2. Current Value: £39,640

  3. Percentage Drop: 18.2%

  4. The Jaguar I-PACE, known for its luxurious design and impressive performance, has seen a significant 18.2% reduction in value, making it a compelling choice for those seeking high-end electric vehicles at a more affordable price point.

Lexus UX300e (Number 9):

  1. Previous Value: £33,600

  2. Current Value: £20,913

  3. Percentage Drop: 37.8%

  4. The Lexus UX300e, an executive luxury car, has experienced a notable 37.8% price drop, offering buyers a chance to own a premium electric vehicle with advanced features at a significantly reduced cost.

Mercedes EQA (Number 8):

  1. Previous Value: £44,000

  2. Current Value: £27,375

  3. Percentage Drop: 37.9%

  4. The Mercedes EQA, blending luxury and electric performance, has seen its value decrease by 37.9%, providing potential buyers with an opportunity to acquire a prestigious electric vehicle at a more budget-friendly rate.

Hyundai Kona (Number 7):

  1. Previous Value: £28,325

  2. Current Value: £17,588

  3. Percentage Drop: 37.9%

  4. The Hyundai Kona, a popular compact electric SUV, secured the 7th position with a 37.9% reduction in value, reflecting the impact of new model releases and offering consumers an attractive option in the used electric car market.

Vauxhall Corsa-e (Number 6):

  1. Previous Value: £22,430

  2. Current Value: £13,830

  3. Percentage Drop: 38.8%

  4. The Vauxhall Corsa-e, known for its affordability and compact design, experienced a remarkable 38.8% drop in value, making it an appealing choice for individuals looking for a cost-effective electric runaround.

UK’s Biggest Used Electric Car Bargains
UK’s Biggest Used Electric Car Bargains

Mazda MX-30 (Number 5):

  1. Previous Value: £22,330

  2. Current Value: £13,738

  3. Percentage Drop: 38.8%

  4. The Mazda MX-30, featuring distinctive styling and unique design elements, claimed the 5th spot with a 38.8% reduction in value, positioning itself as a viable option for those seeking a more unconventional electric vehicle.

DS 3 Crossback (Number 4):

  1. Previous Value: £24,420

  2. Current Value: £14,988

  3. Percentage Drop: 38.8%

  4. The DS 3 Crossback, often overlooked, secured the 4th position with a notable 38.8% price drop, presenting a surprising opportunity for buyers looking for a blend of style and affordability in the electric car market.

Mercedes EQC (Number 3):

  1. Previous Value: £32,575

  2. Current Value: £19,700

  3. Percentage Drop: 39.4%

  4. The Mercedes EQC, known for its refined driving experience and luxurious features, claimed the 3rd spot with a significant 39.4% reduction in value. This places the EQC as a compelling option for buyers seeking a high-quality electric SUV at a more affordable rate.

Volkswagen e-Up (Number 2):

  1. Previous Value: £26,400

  2. Current Value: £15,110

  3. Percentage Drop: 42%

  4. The Volkswagen e-Up claimed the 2nd spot with a substantial 42% decrease in value, making it an enticing choice for consumers seeking an electric vehicle with affordability without compromising quality.

Vauxhall Mokka-e (Number 1):

  1. Previous Value: £26,400

  2. Current Value: £15,110

  3. Percentage Drop: 42%

  4. The Vauxhall Mokka-e secured the top position with a remarkable 42% drop in value, positioning itself as an attractive option for buyers seeking a balance between quality and affordability in the electric car market.

Conclusion

The electric car market in the UK has witnessed dynamic changes in pricing, opening up opportunities for individuals to acquire used electric vehicles at more attractive rates. As we explore further in our upcoming articles, the landscape of electric car bargains continues to evolve, providing consumers with an array of options to suit their preferences and budgets.

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