These EVs Are the Worst When it Comes to Depreciation
19 August 2015 - Autoblog
The Renault Fluence Z.E. tops the list of the worst depreciating cars according to a ranking compiled by Glass' Information Services, holding just 27.21 percent of its value after a year of ownership and 12,000 miles (19 300 km) on the clock.
Just as well that you can't buy the sedan anymore in either electric or ICE versions, since it was discontinued last year. This car took a particularly rough hit when Better Place declared bankrutpcy, since the electric Fluence was a specific fit for the aspirations of the battery-swapping company.
The Citroën C-Zero hits the list at number four, the Nissan Leaf E at number five, both holding onto just a third of their value after a year. The C-Zero is a rebadged Mitsubishi i-MiEV, and if you bought one stock for the full UK on-the-road price of 26,766 pounds, you'd have a car worth 8,583.86 pounds twelve months later, according to Glass.
We're not sure about the wording of the press release, though - it states that those three cars "lost more than three-quarters of their value." Yet the Fluence E Z.E. is the worst offender, and it doesn't dip below 25 percent of its original value. As with those electrics, the rest of the list is made up of aged or barebones ICE models, some of them touted elsewhere for their popularity. You can find the full list and the valuations in the press release below.
ELECTRIC CARS AMONG WORST FIRST YEAR DEPRECIATORS
Fluence, C-Zero and LEAF all lose more than three-quarters of their value
15/07/15 - Three electric cars are among the worst first year depreciators in a "Bottom 10" released by motor trade valuation market leaders Glass's.
The Renault Fluence, Citroen C-Zero and Nissan LEAF E have all lost more than three-quarters of their value after covering 12,000 miles during the last 12 months.
Rupert Pontin, head of valuations at Glass, said: "The motor trade and the used car buying public remain interested in electric cars but are still reticent to actually buy them in numbers – and these depreciation figures reflect that fact.
"To be fair, these three EVs are among some of the least attractive on the market – the Fluence and C-Zero both have a 'last generation' feel while the LEAF E is on the bottom rung of the LEAF range – but their presence does reflect the fact that the EV sector remains sluggish."
Other models in the list include the lowest-powered, entry level versions of some generally popular but aging models such as the Vauxhall Insignia and Renault Megane.
Rupert explained: "There is very little enthusiasm in the market generally for poorly-equipped cars and if those cars are also becoming dated and have an older power unit, it really hits their prospects in the used market."
However, Rupert added, these highly depreciating cars now arguably represented excellent value for money.
"It would be difficult to recommend a new Renault Fluence costing more than £22,000 but one that is around £5,000-£6,000 at 12 months old is arguably a good buy for someone looking to try EV motoring."
1. Renault FLUENCE E Z.E. (95bhp) Expression+ saloon four door auto 27.21%
2. Vauxhall MERIVA 1.4 16v (99bhp) Expression MPV five door (2010 MY) 29.05%
3. Chevrolet CRUZE 1.4 (100ps) 4X4 LS station wagon five door 1398cc (2014 MY) 31.78%
4. Citroen C-ZERO E hatchback five door auto 32.07%
5. Nissan LEAF E hatchback five door auto 33.23%
6. Renault MEGANE 1.6 (100bhp) Extreme estate five door 33.26%
7. Vauxhall INSIGNIA 1.4i 16v Turbo (140ps) SRi saloon 4d 1364cc (2012.5 MY) 34.98%
8. Peugeot 207 SW 1.4 8v (75bhp) Access estate five door 35.62%
9. Chevrolet ORLANDO 1.4 Turbo (140ps) LS five door 1364cc (2014 MY) 35.96%
10. Peugeot 308 1.6VTi (120bhp) Access hatchback five door 1598cc (2013.5 MY) 36.04%
Percentage retained value after 12 months/12,000 miles.
Glass's is the largest vehicle data provider in Europe, offering products and solutions that are invaluable at every stage of a vehicle's lifecycle. These include key valuation, technical and fleet management data, estimating, bodyshop and dealer management systems and web-based services. Founded in 1933 by William Glass, the first Glass's Guide to Car Values – widely referred to as the used car dealer's bible – was published in July of that year.