The block: The prices of used electric cars continue to rise

The price of used electric cars continued to rise during the month of April, according to figures from the buying and selling site Blocket.

A used electric car now costs almost half a million kronor in median price, according to figures from Blocket.

42 percent – so much did the price of used electric cars rise during the first four months of the year according to Blocket’s figures. The median price for an electric car is now up to SEK 479,000, compared with SEK 190,000 for a petrol car. Compared with the same month last year, the price of an electric car increased by as much as 77 percent during the month of April.

– Interest in electric cars has soared and prices are following the same trend. This is partly explained by rising fuel prices that make electric cars an increasingly attractive alternative, and of course the desire to choose a more sustainable vehicle comes into play, says Marcin Stepman, vehicle expert at Blocket, in a statement.

At the same time came recently Sifo with a survey, commissioned by the car dealership site Kvdbil, which found that interest in electric cars has decreased significantly. On the used side, however, another factor also comes into play, says Marcin Stepman.
– Due to a lack of components, the waiting times for new cars are also record long, which means that many see the used market as a way to get their car quickly.

The block has looked at the price development for cars that have traveled 1,000–14,999 km with registration years 2012–2021. It is noted that the price development curves have looked significantly flatter for other fuel types

For petrol cars have the median price has risen by 2.7 per cent, diesel cars have fallen by 1.6 per cent and for environmental fuel / hybrid cars the price has fallen by 6.6 per cent.

Petrol cars give the most clicks

Despite the price increase on electric power, it is still petrol cars that get the most ad impressions on Blocket. For them, the number of daily ad impressions on the site increased by 41 percent between March and April. According to Marcin Stepman, this may be due to a common thought cycle.

– The development with high fuel prices has led many to turn their eyes from diesel cars to petrol cars, in the belief that a petrol-powered alternative would automatically mean lower fuel costs.

– However, this is not necessarily true, as some models of diesel cars are relatively fuel efficient while there are several petrol cars that pull away in fuel consumption. Here, as a car buyer, you need to be careful to do your research to ensure that the next car purchase is really a long-term smart financial choice.

Price development March-April 2022 *

Electric cars: median price SEK 479,000, up 6.68 percent

Environment / hybrid cars: median price SEK 299,000, down 0.33 percent

Petrol cars: median price SEK 190,000, price unchanged

Diesel cars: median price 245,000, down 2 percent

Price development January-April 2022 *

Electric cars: median price SEK 479,000, up 42 percent

Environment / hybrid cars: median price SEK 299,000, down 6.6 percent

Petrol cars: median price SEK 190,000, up 2.7 percent

Diesel cars: median price SEK 245,000, down 1.6 percent

* Prices refer to used cars that have traveled between 1,000 and 14,999 km with registration year 2012-2021.

LIST: The cars that sold best among private individuals in April

  1. Volvo V70, median price 25 000 kr

  2. Volkswagen Golf, median price 25 000 kr

  3. BMW 3 series, median price SEK 60,750

  4. Volkswagen Passat, medianpris 42 000 kr

  5. Saab 9-3, median price DKK 19,500

  6. Saab 9-5, median price DKK 14,000

  7. Volvo V50, median price 30 000 kr

  8. BMW 5 Series, median price NOK 65,000

  9. Ford Focus, medianpris 20 000 kr

  10. Audi A4, median price 49 000 kr

LIST: The cars that sold best at car dealers in April

  1. Volkswagen Golf, median price 179 000 kr

  2. Volvo XC60, median price SEK 339,000

  3. Volkswagen Passat, medianpris 209 900 kr

  4. Volvo V60, median price SEK 294,000

  5. BMW 5 Series, median price DKK 329,900

  6. Volvo V70, median price 99 000 kr

  7. Kia Cee´d, median price SEK 209,900

  8. BMW X-series, median price SEK 419,800

  9. BMW 3 Series, median price SEK 209,900

  10. Volvo * 334 900 kr

* It does not appear from Blocket’s statistics which model of Volvo is meant here.

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Source: Senaste nytt från auto motor & sport by www.mestmotor.se.

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