Another taycan

None of the people I know who bought or leased a Taycan still have it. Poor quality which the dealers couldn't fix (no heaters through a winter), poor range (150 miles in winter and about 230 max in summer) and big depreciation. I think all of the previous owners have gone to hybrids except one who bought an M3!

Purely in the interests of market research, I valued my two cars.....

The derisory numbers quoted when compared with the current advertised prices suggest that retailers are rammed with stock that they have likely paid big numbers for.

It will be interesting to see who blinks first, but I can't tell if this is a slow down (i.e - prices will more or less hold, as long as you accept longer stock days) or pre-emptive of a big correction.

In your case Martin it's probably all relative as any replacement is probably also dropping especially as supply of new and used mk8 Golf R is increasing and, of course there increasingly cost of borrowing is subduing the used car market to an extent.

Didn't I read somewhere that some big Porsche dealerships have been instructed not to buy any more secondhand stock due to huge inventories lying around?

I think this is pretty much where we are. Who will blink first. 

With the rise in interest rates, I can't believe that the financing cost of holding stock isn't starting to hurt. 

I think the argument is that something like 90% of all journeys are less than, say 30 miles so EV use should work for almost all, especially if they can charge from home. Buying an EV is very tax efficient for both an employer and employee if done through a business. However most people who would have the seniority to have a car of over £100K are also likely to do a fair amount of driving and as we have said many times on here, the infrastructure just isn't there to support charging these cars for longer journeys or in more out of the way places.

A client of mine went to Oban from Glasgow and back last year on a winter's day (but not freezing). On the way back he had to drive at 40mph to ensure he had enough range and his total journey was only about 180 miles - the next weekend he bought/ordered a BMW X5 50e. He had an X5 40D before the Taycan.

Snap , they have been taking the piss for years .

Prices are continuing to fall and I'm not surprised. I was browsing through my local dealers stock at the weekend (not to look at Taycans) and they've got a 6 month old Turbo S for £118k, which is still a chunk of money but list is £175k...£57k loss in 6 months, or more like close to £65-£70k if you'd bought it yourself!

finder.porsche.com/gb/en-GB/details/porsche-taycan-turbo-s-my23-preowned-ZGZK0E?model=taycan&category=taycan-turbo-s-sport-limousine&dealership=14966&order=price_asc

They have unregistered cars with up to £27k off list. It's not just the top of the range models either, they've got a 4 month old 4S Cross Turismo which is £22k below list or close to 25% off.

It's why the idea of having a battery that needs 45mins for 60% charge (in the usable range of 20%-80%) just to get 150miles of range is daft and not a long term solution. EVs either need a lot more range or a lot faster charging to be viable for most medium to long distance drives.

Surely the only decent solution (supposing that we're definitely going to ditch the idea of a fuel whether that be hydrogen or an E Fuel) is to have universal interchangeable battery packs that can be swapped in and out at filling stations. That could bring the cost of the cars themselves down too as you don't need to include a battery with the car, you just pay a deposit when putting in your first battery, a bit like you do with a calor gas cylinder.

I picked up CAR at the supermarket to thumb through. Its very sad what the magazine has turned into. Desperately thin, printed on the cheapest quality paper with little of interest inside. I still get Evo and Top Gear on sub but there days are numbered.    

I'm a dinosaur plus I don't think taking my phone or a tablet into the bog is particularly hygienic or safe

I probably ought to read Evo on the iPad, I rarely give the paper version as much time as it deserves, and I do browse the iPad a lot - and the BBC's slant on many things is not good for my blood pressure!

Back to the Taycan, I've always wanted to like it, but even the Porsche Owners Club magazine is full of stories of poor reliability and people having one then going back to something else (generally ICE). Presumably they will become massive money pits out of warranty...

In terms of the market, September and October saw near-record drops in used car values. Trade-in values are particularly crappy, as I found out with the XFR, and Tina is finding out with the A5. It's something of a correction relating to the rises around COVID time, though with ongoing issues in supply of vehicles in that time, especially in nice ICE ones which people still want over EV's (which are taking huge second hand value hits that I didn't see coming) I can't see prices dropping back to where they were before supply constraints became a thing. Of course there have also been big price rises in many models in the meantime, it may be that which is being corrected for as much as anything...