The electric vehicle market continues to develop dynamically, often bringing surprises for both manufacturers and consumers. One recent case that has sparked discussion is the significant depreciation of the Volkswagen ID. Buzz, a first-generation model that was sold at auction for almost $11,000 below its recommended retail price after only 640 kilometers. This particular ID. The Buzz was a 4Motion model, painted in Mahi-Green and Candy White, with a Dune color scheme, heated second-row captain’s chairs and massaging power-adjustable front seats, originally priced by Volkswagen at $72,385.
The case is particularly notable because it demonstrates the rapid loss of value of a car that was purchased just five months earlier, in February of this year. In five months, the vehicle had lost 15% of its original value, despite its low mileage and many premium features. This is in stark contrast to the initial market enthusiasm, when dealers often added markups of up to $35,000 when the ID. Buzz launched.
The rapid depreciation of the ID. Buzz at this auction raises questions about the long-term value of certain electric vehicles and the behavior of the market. While some EV models hold their value relatively well, others can experience rapid depreciation, especially when initial demand, supported by dealer markups, begins to wane. This case could serve as a warning to consumers considering purchasing new electric cars, especially those that are selling above the recommended retail price.
The author of the article suggests that this auction result could serve as a strong argument for potential buyers looking to negotiate prices for new ID models. Buzz at dealers. The fact that a car, almost new and fully equipped, has lost so much value could give consumers an advantage in negotiations, allowing them to avoid paying excessive markups. This is an important signal to the market, indicating that the initial "hype" around certain EV models may not translate into a lasting high resale value.
The overall message is that this "haircut" in value (buzzcut) should make potential buyers reconsider paying more than the recommended retail price for the car. The used electric vehicle market is becoming more mature, and depreciation data like that for the ID. Buzz is a valuable resource for informed purchasing decisions. Consumers should be careful and research market trends before investing in new EV models, especially if initial prices are significantly inflated.