By Noah Joseph
TVR already taking deposits originally appeared on Autoblog on Wed, 01 Jul 2015 11:29:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
By Aaron Cole
The National Automobile Dealers Association new electric vehicle retention list released last week has a tasty little tidbit in its roundup of value retention rates.
Tesla’s Model S, which topped the 3-year value retention rate list for EVs in the new list, also sported a better value rate for most cars on a similar list released last year for all segments, including mid-size luxury cars. That includes BMW.
But the news may not be all good, all the time.
According to the most recent NADA study, Tesla’s Model S retains 57.2 percent of its original value after three years based on dealer trade-in values. That figure is tops among mid-size luxury sedans, including BMW’s 5-series, in a study conducted last year.
Also noted in the 2015 study, there is a significant cliff after three years when most EV manufacturers’ powertrain warranties expire, meaning there’s good chance that the Model S’s value plummets after that.
The 2014 study by NADA (which examined all segments – including EVs) was comprised of only the Chevrolet Volt and Nissan Leaf — the only two cars that had been on the market for three years by the time the study was conducted. The Volt and Leaf retained 41.6