Will your car drop like a stone in value?

[Stormbitch]

My quite mental friend said if I bought a used X5 X6 today - it will likely drop like a stone in value!!!!!

Naturally he drives a Tesla and thinks that EV's are going to take over the world and ICE cars will become utterly useless and valueless.

My opinion is of-course slightly different to that, in that, ICE cars will go up in value or decline at a slower rate if OEMs are making less of them and moving into EV's which nobody wants.

My opinion is the bottom is not going to fall out of the ICE SUV market at all, and that the bottom is likely to fall out of the EV used market as is currently already happening.

What say you?

[Bilbofraggins]

Originally Posted by Stormbitch

My quite mental friend said if I bought a used X5 X6 today - it will likely drop like a stone in value!!!!!

Naturally he drives a Tesla and thinks that EV's are going to take over the world and ICE cars will become utterly useless and valueless.

My opinion is of-course slightly different to that, in that, ICE cars will go up in value or decline at a slower rate if OEMs are making less of them and moving into EV's which nobody wants.

My opinion is the bottom is not going to fall out of the ICE SUV market at all, and that the bottom is likely to fall out of the EV used market as is currently already happening.

What say you?

I wonder what the Tesla fella has to say about this...

https://arstechnica.com/tech-policy/...VYfr3X7B9r2ens


https://www.msn.com/en-ca/autos/news...AA1DPW4dBgFJh0