autoevolution
 

Renault Zoe Tops List of UK Second-Hand Electric Cars Rising in Value

Here’s one more reason to go electric: it’s not good only for the planet and for your pocket in terms of expenses, but it may also land you more money if you consider reselling the car after a while.
Prices for second-hand electric Renault Zoe have gone up, despite the added mileage 17 photos
Photo: Renault
2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple2018 Renault Zoe Has More Power, Looks Awesome in Purple
At least, that’s how things stand now, with several older models of electric cars going up in value even though they have more mileage on board. The numbers are provided by price specialist HPI, with the mention that they represent a current situation – and are, as such, no guarantee that the trend will be noticeable within another year.

A unique combination of factors, including the government crackdown on gasoline and diesel vehicles, combined with increased taxes for the same cars, has led to an unprecedented situation in the second-hand car market. Prices for older models have gone up after they’ve been on the road for a year, for the simple reason that they are electric.

For instance, a Renault Zoe, which registers the highest boost in price, was selling for £6,300 in July 2017. One year and about 12,000 miles later, you can sell it for £1,900 more, which translates into a price increase of 30%.

Zoe is joined by other 10 models of electric cars, including Peugeot iOn, Citroen C-Zero, Nissan eNV200 and Hyundai Ioniq. These models alone have registered price boosts between 21% (for the iOn) and 9% (for the eNV200).

“It is rare to see cars appreciate in value but the market is seeing an unusual combination of factors,” Derren Martin, head of current valuations at HPI, tells the Daily Mail’s This Is Money section.

“We do have to stress that, just because these models have increased in value in the last year, it doesn't guarantee the same will happen again in the next 12 months,” Martin adds.

In other words, this is good news for you only if you already own one of those 11 car models, because you can now resell them at a profit.
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram X (Twitter)
About the author: Elena Gorgan
Elena Gorgan profile photo

Elena has been writing for a living since 2006 and, as a journalist, she has put her double major in English and Spanish to good use. She covers automotive and mobility topics like cars and bicycles, and she always knows the shows worth watching on Netflix and friends.
Full profile

 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories