Used vehicles that lose you the most money – EVs are the worst performers… is your car on the list?... - The Sun

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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 performersCredit: Alamy

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.

READ MORE ON ELECTRIC CARS

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%).

Most read in Motors

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 marqueCredit: Jaguar

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 2019Credit: Volkswagen

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 TeslaCredit: TESLA

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 onwardsCredit: AUDI

Average asking price: £47,554

Price drop: 16%

5. Hyundai ix35

The Hyundai ix35 is a compact crossover SUV produced by Beijing HyundaiCredit: Hyundai

Average asking price: £7,065

Price drop: 13.4%

6. Tesla Model S

The Tesla Model S is a battery-powered liftback car serving as the flagship model of TeslaCredit: TESLA

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 SUVCredit: MINI

Average asking price: £9,858

Price drop: 9.2%

Read More on The Sun

10. Land Rover Discovery 4

The Land Rover Discovery 4 is a second-generation Discovery SUV car modelCredit: RANGE rover

Average asking price: £18,408

Price drop: 9.1 per cent

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