What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
Future car prices - barney100

With the ban on new ice cars coming in 2030 I would love a crystal ball to see what happens to their used values over the next few years. Maybe buying a decent one near the time will be a good investment or it could be a money loser.

Future car prices - Xileno

Impossible to say, as you suggest definitely crystal ball stuff. We will get a better idea depending on battery technology over the next five years. A significant improvement in range and/or recharge times could really change the balance especially for those motorists who are currently not convinced.

Future car prices - SLO76
Difficult to judge. Too much can change regarding legislation and there’s talk from Nissan/Renault of the next generation of EV batteries plummeting in price which will could make them much more affordable. If prices don’t drop substantially I can see the days of the cheap used car completely disappearing as people maintain ever older cars as they simply can’t afford the cost of a new EV. The UK was one of the cheapest places to buy used cars for a long time, cheap motors simply don’t exist in many markets but that’s changing fast for us too sadly and many ordinary working people are going to be pushed off the road and the illogical government(s) who caused it will be pushed out of power by the angry working classes.

Edited by SLO76 on 30/01/2022 at 22:00

Future car prices - Terry W

In 2030 s/h EVs will be (mostly) in the range of 2-8 years old.

Assuming EV rollout goes as planned, sales of ICE will fall away as 2030 approaches, but will still represent 50%+ of s/h cars over (say) 3 years old.

Most s/h buyers will be looking for cars over 3-5 years old. They will have little choice but to buy ICE simply due to the price of new or s/h younger EVs.

As it will be entirely feasible (and probably legal) to continue driving an ICE post 2030 for (possibly) another 10+ years, I would not expect s/h prices to change materially from where things are now.

The only proviso may be that (a) government legislate to remove ICE from the roads, (b) new EV prices fall very rapidly reducing the price of all s/h cars (unlikely)

Future car prices - sammy1

If the government so wished they could drive us out of ICE cars with increased road tax and fuel tax based on emissions as every year higher emission cars are already overburdened with increases. This could have a negative effect on what your ICE car is worth

With regard to EV Road tax on these is bound to come in soon. Their future price is anyone's guess. They have to come down in price from where they are now to be more affordable and maybe increased volumes will help.

Going forward I wonder if your smaller dealer will have the expertise to handle EVs and could they carry a warranty on the batteries. This could leave the dealers with a monopoly on EVs and this would secure second hand prices with little competition. There are already so many EV cars with different tech and batteries if anything their future seems more complicated for the consumer

Future car prices - Terry W

The government may choose to increase taxes to the point that it starts to impact the economy - but any more is unlikely.

I agree that some form of EV taxation is likely (road charging, tax on electricity etc). They will need to do this simply to replace taxes lost on ICE or find another way to raise funds.

There is no reason why EV cars should be any more complex than current ICE for repair. Most of a vehicle has nothing to do with the drive train. A current hybrid is hugely complex - mechanical, electrical and computing. EV may actually be simpler!

And as with current ICE, diagnosis of faults will increasingly be "plug in" with replacement modules as a solution for newer vehicles. Older vehicles will increasingly rely upon s/h parts and marque specialists - this is already the case with ICE.

Future car prices - barney100
that’s changing fast for us too sadly and many ordinary working people are going to be pushed off the road and the illogical government(s) who caused it will be pushed out of power by the angry working classes.

This point was made on Talk radio yesterday, lots of people need to have a cheap car for many reasons and if this not possible then it will cause problems. Evs have a question mark over their pollution contribution according to the scientist being interviewed and he reckoned disposing of used batteries will be a real problem.

Future car prices - Warning

Happen to pass my local Lidl at 7pm Sunday. The store was in those retail parks. Pretty dark. Lidl was shut, but all their 4 electric car bays, were full up with people charging their cars. Not my idea of fun on a Sunday, in a retail car park, with nothing to do.

Edited by Warning on 31/01/2022 at 02:20

Future car prices - pd

I don't think there will be any drastic change. Cars last about 13 years old by which time they aren't worth a lot and it will stay the same.

I suspect some ICE will retain their value because something with an engine, clutch and gearbox will be "exotic" and there will be some demand for a car you feel you are actually driving.

However, the younger generation don't seem very interested in such things. Increasingly they see no need to learn to drive a manual car and ride/handing/drive enjoyment is a long way down the list now compared to the onboard tech.

Renault have predicted a 65% drop in battery prices by 2028. If that's right by then an EV will be cheaper to make than most ICE models. If that is right of course.

Future car prices - badbusdriver

Happen to pass my local Lidl at 7pm Sunday. The store was in those retail parks. Pretty dark. Lidl was shut, but all their 4 electric car bays, were full up with people charging their cars. Not my idea of fun on a Sunday, in a retail car park, with nothing to do.

Hmm, sitting in a nice comfy seat, a warm environment, possibly basking in the glow of a (virtual) roaring fire (if it is a Tesla), possibly watching TV or a movie, surfing the internet, or playing a video game using the car's infotainment screen (depending on car of course). Or at the very least, doing one of the above on their phone.

Might not be the first choice of things to do, but not really a hardship is it?

Future car prices - Andrew-T

I don't think there will be any drastic change. Cars last about 13 years old by which time they aren't worth a lot and it will stay the same.

If some of SLO's predictions above come to pass, 13-year-old cars may be worth more than they are now, because legally acceptable ones will be rarer. In 2020 such cars were cheap because they were plentiful and because they probably needed work to keep running. I would guess that keeping an EV running is either cheap or impossibly expensive ?

Edited by Andrew-T on 03/02/2022 at 09:36

Future car prices - David Bronson

Since new cars were in short supply, dealers raised prices on models that were still in stock. During this time, used cars were becoming more valuable and more expensive. For example, used car prices at the Manheim auction increased by 44% in November 2021 compared to November 2020. And in December 2021, JD Power predicts that the average used car will sell for over $30,000. And with the development of the market for electric vehicles, the situation may worsen. It is difficult to say what will happen in the future, but already now the prices for used cars have risen sharply, and it is not known what will happen next.

www.jdpower.com/cars/shopping-guides/why-are-used-...e

Future car prices - daveyK_UK
Brilliant opportunity for a budget brand to make considerably growth and pick up plenty of market share
Future car prices - martin.mc

I think used ICE prices will go through the roof after 2030. My plan is to buy a new or late model Dacia Sandero late 2028 before the panic starts.

Edited by martin.mc on 04/02/2022 at 08:47

Future car prices - Terry W

By 2028 it will be very clear whether the 2030 ban date will work or need to be deferred.

If the date holds, it will be because EV has the cost, range and infrastructure for viability.

Assuming this happens, Dacia may no longer be making ICE Sanderos. There may be an opportunity to buy an end of range, heavily discounted ICE - but you will be buying a rapidly depreciating old technology!

Future car prices - Xileno

Would be interesting to know how the lease companies are dealing with this. Presumably they will be pricing into their offers that the returned ICE car will be worth very little when returned after three years. Or they could make a lot of money depending on which outcome becomes true...

Future car prices - pd

New car demand and used car demand are not the same thing.

Not many new diesels are being sold now but there is very healthy demand on the used market, particularly at the cheaper end.

In 2030 a 10 year old or 5 year old car will be one from 2020 or 2025 and will reflect what was being sold at the time. They will still cars and they will have a value.

I do not expect ICE cars to collapse in value but gradually disappear as they age and get scrapped. On the other hand I doubt most will explode in value either. There will come a point I expect where one gets a pain to run with lack of filling options and lack of skills to maintain it.

Future car prices - martin.mc

If old technology means being able to drive into a filling station and buying a 'full charge' of liquid fuel in under 3 minutes, then that will do nicely.

Future car prices - Terry W

It won't be a quick collapse - but there will come a time when:

  • fuel forecourts become scarce - they have reduced from 13000 to 8000 over the last 20 years. Lower sales = more closures
  • investment in fuels will be limited with increasing failures in refineries, distribution, forecourts
  • new spares and repairs for ICE will become more costly, the skills base shrink and spare parts more difficult to source
  • ICE will be banned or congestion charged in cities and towns wanting clean air
  • manufacturers have already largely stopped investment and research into ICE - they will provide an increasingly obsolete outdated driving experiences

In contrast - EV will become cheaper, batteries longer range and lighter, recharging infrastructure growing, investment attracted into vehicles, increasing pool of support etc.

If when this comes to pass and your ICE is immaculate it may appear in a museum, or displayed at classic car shows for the nostalgic.

Future car prices - daveyK_UK
99% of the people I have spoken to about electric cars have the same 3 barriers to ownership with the current offering and set up.

Price
Range (300 miles as a minimum)

And also concerns about how to recharge.

Even if they sorted out one of these issues it would see a boom in sales,

I would love to order a new Peugeot Rifter MPV but the electric (and it only comes in electric) does 180miles which means 140 miles in the real world between charges; costs £30k plus with no discounts and charging on the go is a faff (as a friend with a Tesla has been telling me for over a year).

If it could do 320 miles on a run or the current offering cost £20k I would be interested but neither is likely for at least 5 years so I will happy stick with my current petrol car and likely renew it with another petrol car.
Future car prices - alan1302
I would love to order a new Peugeot Rifter MPV but the electric (and it only comes in electric) does 180miles which means 140 miles in the real world between charges; costs £30k plus with no discounts and charging on the go is a faff (as a friend with a Tesla has been telling me for over a year). If it could do 320 miles on a run or the current offering cost £20k I would be interested but neither is likely for at least 5 years so I will happy stick with my current petrol car and likely renew it with another petrol car.

This is going to be issue for us next year...we run a diesel Vauxhall Combo Life via Motability...now the Combo Life/Rifter and Berlingo are all EV only the range on them won't be suitable...and expect the range may be less than 140 miles by the time the car is loaded up with the electric wheel chair and mobility scooter it's used for...a real shame as otherwise the car is great...hopfully VW or Ford will have the similar cars still available and not as silly prices.

Future car prices - RT
I would love to order a new Peugeot Rifter MPV but the electric (and it only comes in electric) does 180miles which means 140 miles in the real world between charges; costs £30k plus with no discounts and charging on the go is a faff (as a friend with a Tesla has been telling me for over a year). If it could do 320 miles on a run or the current offering cost £20k I would be interested but neither is likely for at least 5 years so I will happy stick with my current petrol car and likely renew it with another petrol car.

This is going to be issue for us next year...we run a diesel Vauxhall Combo Life via Motability...now the Combo Life/Rifter and Berlingo are all EV only the range on them won't be suitable...and expect the range may be less than 140 miles by the time the car is loaded up with the electric wheel chair and mobility scooter it's used for...a real shame as otherwise the car is great...hopfully VW or Ford will have the similar cars still available and not as silly prices.

The Stellantis announcement also stated that IC versions would still be available for disabled conversions.

Future car prices - daveyK_UK
RT I have enquired about this and been told to expect a long wait and a big price tag as effectively the cars will either have to be individually built or built in batches of 20, again there is no info yet on how it will work.

They did state Malta and Republic of Ireland will have the same issue aka electric only.

You will still be able to get left hand drive petrol and diesel combo life’s / Rifter / Berlingo but not right hand drive

On a plus note both Toyota (5 year warranty) and Fiat as a replacement for the Doblo (so cheaper) will sell electric MPV versions of this vehicle.

Edited by daveyK_UK on 05/02/2022 at 08:57

Future car prices - alan1302

This is going to be issue for us next year...we run a diesel Vauxhall Combo Life via Motability...now the Combo Life/Rifter and Berlingo are all EV only the range on them won't be suitable...and expect the range may be less than 140 miles by the time the car is loaded up with the electric wheel chair and mobility scooter it's used for...a real shame as otherwise the car is great...hopfully VW or Ford will have the similar cars still available and not as silly prices.

The Stellantis announcement also stated that IC versions would still be available for disabled conversions.

That is true - but for us and a lot of people on Motability we don't have any conversions required so not able to access the ICE versions of the cars.