Latest news with #PorscheUK
Auto Blog
2 days ago
- Automotive
- Auto Blog
Used Porsche Taycan Values Crash as UK Dealers Halt Sales
Pre-2025 Taycans are losing nearly 50% of their value in the UK, prompting a pause in sales. Here's why buyers and dealers are shifting focus to the 2025 model. Porsche Responds to Reports of UK Taycan Sales Suspension Porsche UK has reportedly instructed its dealers to suspend sales of used first-generation (pre-2025) Taycan electric vehicles (EVs), according to a report from Car Dealer. Porsche has told Autoblog that the report is greatly exaggerated, as just 135 cars require a fix for a battery issue. The remaining cars are all still on sale, according to the manufacturer's UK arm. Porsche Taycan — Source: Porsche But the Taycan's problems are perhaps deeper as the performance EV faces broader market challenges. As a used car it just isn't going well with the British buying public. Prices have been tumbling and stocks piling up. Used Taycans See Steep Depreciation Compared to Panamera Used Taycans are experiencing significant depreciation across the pond, with values dropping by nearly 50% within twelve months for some models. For instance, a Taycan S that cost £186,300 new in 2024 was valued at approximately £97,680 at the start of this year. In contrast, a Panamera that cost £168,700 is now valued at £111,555, a drop of just under 34%, according to Parkers. In the U.S., similar trends are evident. A new Porsche Taycan depreciates just over 61% after five years, while a new Porsche Panamera depreciates just under 48% in the same period. The UK used car website Autotrader has 578 used 2020-24 Taycans up for offer. In comparison, there are fewer than 100 Panameras of the same vintage, and they attract higher prices. Porsche Taycan Turbo GT EV Tax Incentives Favor New Buyers, Not the Used Market Part of this is a specific UK issue, as the new-car tax regime heavily favors buyers who run EVs as company vehicles, saving them thousands of dollars a year. There are no such incentives for used EVs. There are also significant advantages for the companies themselves, both in terms of tax breaks and in their performance on Corporate Social Responsibility scores that boost share price. Why the 2025 Taycan Is the One Buyers Want The pre-2025 Taycan also suffered from a range disadvantage compared to the Tesla Model S. That changed with the 2025 model, which brought a major boost in both range and efficiency, making it the version most buyers now prefer. Interestingly, the Taycan's troubles in the UK have been somewhat eased by the fact that Tesla no longer sells the Model S in right-hand drive, limiting direct competition in that market. Porsche Taycan 4 — Source: Porsche
Miami Herald
3 days ago
- Automotive
- Miami Herald
Porsche Taycan Used Values Fall Sharply as UK Sales Face Temporary Hold
Porsche UK has reportedly instructed its dealers to suspend sales of used first-generation (pre-2025) Taycan electric vehicles (EVs), according to a report from Car Dealer. Porsche has told Autoblog that the report is greatly exaggerated, as just 135 cars require a fix for a battery issue. The remaining cars are all still on sale, according to the manufacturer's UK arm. But the Taycan's problems are perhaps deeper as the performance EV faces broader market challenges. As a used car it just isn't going well with the British buying public. Prices have been tumbling and stocks piling up. Used Taycans are experiencing significant depreciation across the pond, with values dropping by nearly 50% within twelve months for some models. For instance, a Taycan S that cost £186,300 new in 2024 was valued at approximately £97,680 at the start of this year. In contrast, a Panamera that cost £168,700 is now valued at £111,555, a drop of just under 34%, according to Parkers. In the U.S., similar trends are evident. A new Porsche Taycan depreciates just over 61% after five years, while a new Porsche Panamera depreciates just under 48% in the same period. The UK used car website Autotrader has 578 used 2020-24 Taycans up for offer. In comparison, there are fewer than 100 Panameras of the same vintage, and they attract higher prices. Part of this is a specific UK issue, as the new-car tax regime heavily favors buyers who run EVs as company vehicles, saving them thousands of dollars a year. There are no such incentives for used EVs. There are also significant advantages for the companies themselves, both in terms of tax breaks and in their performance on Corporate Social Responsibility scores that boost share price. The pre-2025 Taycan also suffered from a range disadvantage compared to the Tesla Model S. That changed with the 2025 model, which brought a major boost in both range and efficiency, making it the version most buyers now prefer. Interestingly, the Taycan's troubles in the UK have been somewhat eased by the fact that Tesla no longer sells the Model S in right-hand drive, limiting direct competition in that market. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
