Business · Markets · 13 hrs ago
Used electric car prices rise as fuel costs climb
After years of weak resale values, used electric car prices are rising in Europe.
The change comes as fuel prices climb, making electric cars more attractive to some buyers.
Munich-based online marketplace Aampere created an index based on top bids in about 4,900 dealer auctions.
The auctions involved dealers from 10 European countries bidding on used electric cars.
In September, the index reached 109.3 points, more than 9% above January.
Used electric cars often lost value quickly because technology changed fast, new-car prices were cut and government purchase incentives changed.
The index tracks actual dealer bids rather than asking prices, but Aampere also earns money from used electric car sales.
The data points to a possible turnaround in resale values, though prices vary widely by make and model.
Prices for used electric cars have risen since the start of the year, according to an index from Munich-based trading platform Aampere.
The index reached 109.3 points in September, more than 9% above its level at the beginning of the year.
The index is based on top bids from about 4,900 dealer auctions involving dealers in 10 European countries.
The article says used electric cars had previously lost value amid rapid technological change, new-car price cuts and changes to government purchase subsidies.
The headline links the increased interest in used electric cars to rising fuel costs.
- Who
- Dealers bidding on used electric cars, and sellers in the used-car market.
- What
- Used electric car prices have risen, according to Aampere’s index.
- When
- Since the start of the year; the index stood at 109.3 points in September.
- Where
- The auctions included dealers from 10 European countries.
- Why
- The headline links the increased demand to rising fuel costs. The article also describes earlier pressures on used-car values, including new-car price cuts and changes to purchase subsidies.
This story does not have two clearly opposing sides.
Aampere’s index began measuring prices for used electric cars.
The index reached 109.3 points, more than 9% above its beginning-of-year level.
- Index provider
- Aampere, a Munich-based trading platform
- Index level in September
- 109.3 points
- Change since beginning of year
- More than 9%
- Auction data
- About 4,900 dealer auctions
- Countries represented
- 10 European countries