this post was submitted on 12 Dec 2023
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It wouldn't surprise me if the biggest factor was just interest rates.
EVs still do tend to cost more than ICE vehicles, and the used market is still pretty new for EVs.
Autotrader is mostly a used car marketplace. So it doesn't really surprise me that after a year where used cars cost more than news ones, and new cars were flipped for immediat profit.
Now that is starting to settle down and people who still can afford a new car just gets it right from a dealership.
Availability is some of the issue as well. I was able to snag an Ioniq 5 in May because another guy's credit was rejected and I had called at the right time to add myself to the list for the new trim level.
I've been on the list at every dealer in SK for over a year and I've been called only twice, with both vehicles being the matte black. I don't know why they even send matte painted cars here, they're dirty the moment they're exposed to air.
Meanwhile, there are many Ioniq 5s collecting dust in dealer lots in the US.