THE USED vehicles that lose you the most money have been revealed – and EVs are the worst performers.
Data collected from Auto Trader’s latest Retail Price Index found that the four biggest depreciators last month were all EVs.
The used vehicles that lose you the most money have been revealed – and EVs are the worst performersAlamy
The Jaguar I-Pace (21.8%), VW ID.3 (17.2%), and Tesla Model 3 (17.1%) all had significant declines in value in February.
Also in the top ten was another Tesla – the Model S (12,8%) and the Audi e-tron (16%).
The Vauxhall Mokka (9.9%) also featured on the list, but this included both petrol and electric powertrains.
The results echo a similar finding recently published by valuations experts CAP HPI, which reported a tailspin in EV values of 7.7% at three years old.
Two weeks ago, Auto trader reported that average used EV prices on its platforms had fallen 9.1% in February.
It comes as Elon Musk slashed the price of new Tesla Model S and Y vehicles, causing used Tesla prices to tank.
Overall, more than half of the top ten models that lost the most money were EVs.
And the petrol cars that decreased its value the most were Land Rover Discovery 4 (9.1%), the Mini Paceman (9.2%), the Audi SQ5 (9.6%) and the Hyundai ix35 (13.4%).
These are the top ten depreciating used cars in February.
1. Jaguar I-Pace
The Jaguar I-Pace is a battery-electric crossover SUV produced by Jaguar Land Rover (JLR) under their Jaguar marqueJaguar
Average asking price: £42,989
Price drop: 21.8%
2. Volkswagen ID.3
The Volkswagen ID.3 is a battery electric small family car (C-segment) produced by Volkswagen since 2019Volkswagen
Average asking price £30,711
Price drop: 17.2%
3. Tesla Model 3
The Tesla Model 3 is a compact executive sedan that is battery-powered and produced by TeslaTESLA
Average asking price: £35,603
Price drop: 17.1%
4. Audi e-tron
The Audi e-tron is a series of electric and hybrid cars shown by Audi from 2009 onwardsAUDI
Average asking price: £47,554
Price drop: 16%
5. Hyundai ix35
The Hyundai ix35 is a compact crossover SUV produced by Beijing HyundaiHyundai
Average asking price: £7,065
Price drop: 13.4%
6. Tesla Model S
TESLAThe Tesla Model S is a battery-powered liftback car serving as the flagship model of Tesla[/caption]
Average asking price: £40,579
Price drop: 12.8%
7. Vauxhall Mokka
The Opel Mokka is a subcompact crossover SUV that German automaker Opel has produced since 2012
Average asking price: £11,717
Price drop: 9.9%
8. Audi SQ5
The SQ5 performance crossover SUV is the first Audi S model vehicle to feature a diesel engine
Average asking price: £31,911
Price drop: 9.6%
9. Mini Paceman
The Mini Paceman is a three-door subcompact luxury crossover SUVMINI
Average asking price: £9,858
Price drop: 9.2%
10. Land Rover Discovery 4
RANGE roverThe Land Rover Discovery 4 is a second-generation Discovery SUV car model[/caption]
Average asking price: £18,408
Price drop: 9.1 per cent