Porsche Taycan Used Prices: A Turning Tide in the EV Market?
The Porsche Taycan, a flagship electric vehicle, has seen significant fluctuations in its used car prices. Recent analysis, highlighted in a Finansavisen podcast episode featuring Terje Dahlgren from Finn.no, suggests a stabilization – and even a slight increase – after a period of substantial depreciation. This shift signals a potentially broader trend in the EV market, as early adoption incentives wane and supply chains normalize.
The Initial Drop and Why It Happened
In 2022, the Taycan experienced a surge in demand, fueled by government incentives and a growing appetite for electric vehicles. This led to inflated prices on the used market. However, as incentives were adjusted and the market matured, prices began to fall. The initial depreciation was particularly noticeable as a wave of early adopters sought to upgrade or simply sell their vehicles.
“Many are concerned about Porsche Taycan prices, as you can now get a fantastic car for a relatively low price,” Dahlgren noted in the podcast. This sentiment reflects a broader trend: the initial premium associated with being an early EV adopter is diminishing.
Stabilization and Emerging Price Increases
The recent data indicates a turning point. Dahlgren’s analysis reveals that prices are now stabilizing, and, crucially, the Sport Turismo and Cross Turismo models are experiencing price increases. This is likely due to a combination of factors, including increased demand, limited supply of specific configurations, and a growing recognition of the Taycan’s long-term value.
According to Finn.no data discussed in the podcast, the average Taycan price in December reached 633,000 NOK, with 29 units sold. The Cross Turismo variant saw even stronger performance, with 153 units sold, and a price increase from a November low of 742,000 NOK to 764,000 NOK in December. This suggests a growing preference for the more versatile wagon versions.
What’s Driving the Demand for Taycan Station Wagons?
The popularity of the Sport Turismo and Cross Turismo models highlights a key trend in the EV market: the demand for practicality. While the original Taycan sedan offered performance and luxury, the wagon variants provide increased cargo space and versatility, appealing to families and those with active lifestyles. This mirrors a broader shift in the automotive industry, where SUVs and wagons consistently outperform sedans in sales.
Pro Tip: When considering a used Taycan, carefully evaluate your needs. The sedan offers a more focused driving experience, while the Sport Turismo and Cross Turismo provide added practicality. Consider the long-term cost of ownership, including battery health and potential maintenance requirements.
Broader Implications for the EV Used Car Market
The Taycan’s price stabilization isn’t an isolated event. It’s indicative of a maturing EV market where initial depreciation is leveling off. As more EVs enter the used car pool, we can expect to see similar patterns emerge for other models. This is good news for EV owners, as it protects the resale value of their vehicles. However, it also means that the days of significant discounts on used EVs are likely over.
The decreasing time to sale – the Sport Turismo’s drop from 68 days in September to 35 days in October – further reinforces this trend. Faster sales indicate increased demand and a willingness among buyers to pay closer to asking prices.
The Role of Battery Technology and Range Anxiety
Improvements in battery technology are also playing a role. Early concerns about battery degradation and range anxiety are diminishing as manufacturers offer longer warranties and demonstrate the durability of their battery packs. This increased confidence is contributing to the stabilization of used EV prices.
Did you know? Porsche offers an eight-year/160,000 km warranty on the Taycan’s battery, providing peace of mind for potential buyers.
Future Outlook: What to Expect in 2024 and Beyond
Looking ahead, several factors will continue to influence used EV prices. Government policies, advancements in battery technology, and the overall economic climate will all play a role. However, the current trend suggests that the steep depreciation of early EVs is coming to an end. We can expect to see a more stable and predictable used EV market in the coming years.
FAQ: Porsche Taycan Used Prices
- Are Porsche Taycan prices still falling? No, prices are stabilizing and, in some cases (Sport Turismo and Cross Turismo), increasing.
- What is the average price of a used Porsche Taycan? As of December, the average price is around 633,000 NOK.
- Is the Porsche Taycan a good investment? The Taycan’s strong brand reputation, performance, and improving resale values make it a potentially good investment, especially for those seeking a premium EV experience.
- Which Taycan model holds its value best? Currently, the Sport Turismo and Cross Turismo variants are showing the strongest price stability and increases.
Want to learn more about the latest EV trends? Explore our motor section for in-depth analysis and expert insights.
