Q4 Resale Value has collapsed in the US

1480 Views 33 Replies 12 Participants Last post by Ender, 4 h ago

pharding

Discussion Starter · 6 d ago (Edited)

Currently there is a 2022 Q4 50 Premium Plus, Black Optics Package, absolutely loaded with everything, 6000 miles for sale on a dealers lot here in Chicago with an asking price of $51,000. When new last fall the purchase price was approximately $62,000 plus tax. In a 9 month period its value dropped 20 percent.

Undoubtedly that reflects the impact of the dramatically reduced Tesla Model Y pricing and the abscence of the $7,500 tax credit in the the US. The Tesla Model Y is $20,000 less than a comparably Q4 with better range and faster motors. Plus it has a heat pump and is fully optioned with no deletes. In my opinion it also reflects the VW ID4 pricing with its $7,500 Federal tax credit and its ready availability on dealers lots in the US.

The Q4s are now becoming available and sitting on dealer lots in the US. BMW just announced the i4 40 AWD with 400 HP and better range for the US at a price similar to the Q4 50. As more quality, well priced BEVs hit the US market this summer, the Q4 will face even stiffer competition.

Hopefully this will force Audi to clean up its act with the Q4 and stop using Q4s on order as a parts bin for other Audi and VW BEVs. Plus hopefully they will develop more of sense of time urgency about fixing major software issues with the early Q4s. To quote Rodney Dangerfeld the Q4 and its long suffering client base “gets no respect” from Audi. That needs to be fixed. Also Audi needs to stock Q4 parts in the US and Canada for the inevitable warranty work. BMW and MB stock parts here. It is baffling that Audi is too cheap to do so.

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1 - 20 of 34 Posts

ace10

· #2 · 6 d ago

On carsdotcom, the average asking price of the five cheapest used BMW I4s is $51400. The average miles for those five units is 4500 miles. Some/many/most of these early I4units were sold with markups over MSRP.

The world is not ending. Used cars decline in value.
All mass-produced EVs will reach their terminal value over a shorter period of time than their ICE equivalents. This is the new reality.

Reactions: 1

the flyin

· #3 · 6 d ago (Edited)

the pace of EV tech development shall see current and previous models very old very quickly......buy now, enjoy, sell and move on; longer range full self driving is coming real soon......IMHO

Reactions: 1

pharding

Discussion Starter · #4 · 6 d ago

The reality of depreciation is a bit disconcerting. The Q4 in my original post was substantially more in MSRP than a rear wheel drive low powered BMW i4.

Buying a used low mileage Q4 is probably not a bad idea.

Reactions: 2

q4-etron fan

· #5 · 6 d ago

Most of these initial Q4 were bought with the 7.5 purchase tax credit and/or 7.5 current lease credit.

I also think that after the cold winter we had in NA there are people trading in for other gas SUV

q4-etron fan

· #6 · 6 d ago

which brings down their value to about 50-55k

Reactions: 1

Geh5000

· #7 · 6 d ago

Same in the U.K. as values have fallen dramatically over the last few months. Did notice this month buying a new Q4, there is a £2750 finance contribution and a low finance rate using Audi Finance.

I can see secondhand prices finding their correct level now after a period where they were selling for way over list prices due to lack of supply.

ace10

· #8 · 6 d ago

Used 2022 Audi e-tron GT Car For Sale at Audi Chantilly | Stock:5240004A

Visit Audi Chantilly to test drive the Used 2022 Audi e-tron GT for sale in VA. Call 703-956-2100 with stock #:5240004A. We offer financing!

www.audichantilly.com

9K mile GT offered at an Audi dealer. Sticker would have been $122k for Prestige with wheels and leather.
Now asking $86k.

That's a 36% haircut in one year.

All in:
1st owner took the $7500 OPM credit.
And got $80k value on the trade.
Plus transaction costs.

That person burned around $40k to drive 9k miles.

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Reactions: 1

q4-etron fan

· #9 · 6 d ago

2022 q4 etron sportback 4k miles

premium plus

49k

that’s a 17k cut from msrp

Wilber

· #10 · 6 d ago

pharding said:
Currently there is a 2022 Q4 50 Premium Plus, Black Optics Package, absolutely loaded with everything, 6000 miles for sale on a dealers lot here in Chicago with an asking price of $51,000. When new last fall the purchase price was approximately $62,000 plus tax. In a 9 month period its value dropped 20 percent.

Undoubtedly that reflects the impact of the dramatically reduced Tesla Model Y pricing and the abscence of the $7,500 tax credit in the the US. The Tesla Model Y is $20,000 less than a comparably Q4 with better range and faster motors. Plus it has a heat pump and is fully optioned with no deletes. In my opinion it also reflects the VW ID4 pricing with its $7,500 Federal tax credit and its ready availability on dealers lots in the US.

The Q4s are now becoming available and sitting on dealer lots in the US. BMW just announced the i4 40 AWD with 400 HP and better range for the US at a price similar to the Q4 50. As more quality, well priced BEVs hit the US market this summer, the Q4 will face even stiffer competition.

Hopefully this will force Audi to clean up its act with the Q4 and stop using Q4s on order as a parts bin for other Audi and VW BEVs. Plus hopefully they will develop more of sense of time urgency about fixing major software issues with the early Q4s. To quote Rodney Dangerfeld the Q4 and its long suffering client base “gets no respect” from Audi. That needs to be fixed. Also Audi needs to stock Q4 parts in the US and Canada for the inevitable warranty work. BMW and MB stock parts here. It is baffling that Audi is too cheap to do so.

Can you please provide a link to the BMW announcement of an i4 40 with AWD. I drive a BMW i4 idrive40 and it is RWD only. And i have never heard of an AWD version. There is a much more expensive i4 M50 with AWD tho. Also, the i4 is sports SEDAN not a crossover/SUV like the Q4. As for Q4 values. It is widely known in the car business that a new car looses about 20% of its value when you drive it off the lot. So, 20% is nothing new.

JNealCox

· #11 · 6 d ago

Used car values have been unusually high for a couple of years. The market is finally starting to adjust as manufacturing issues, etc, get resolved. Pretty much all brands are losing value a little faster than usual. Q4 etron is not alone.

Reactions: 2

pharding

Discussion Starter · #12 · 6 d ago

Wilber said:
Can you please provide a link to the BMW announcement of an i4 40 with AWD. I drive a BMW i4 idrive40 and it is RWD only. And i have never heard of an AWD version. There is a much more expensive i4 M50 with AWD tho. Also, the i4 is sports SEDAN not a crossover/SUV like the Q4. As for Q4 values. It is widely known in the car business that a new car looses about 20% of its value when you drive it off the lot. So, 20% is nothing new.

Here you go.

www.bimmerpost.com

Updates for Summer 2023: i4 xDrive40, 750e xDrive PHEV, i7 eDrive50, BMW OS 8.5

Updates for Summer 2023: i4 xDrive40, 750e xDrive PHEV, i7 eDrive50, BMW OS 8.5

www.bimmerpost.com

Reactions: 1

Wilber

· #13 · 6 d ago (Edited)

pharding said:
Here you go.

Updates for Summer 2023: i4 xDrive40, 750e xDrive PHEV, i7 eDrive50, BMW OS 8.5

Updates for Summer 2023: i4 xDrive40, 750e xDrive PHEV, i7 eDrive50, BMW OS 8.5

www.bimmerpost.com

Thanks a bunch! I see this was announced two days ago, And it is indeed a model in between the other models for the i4. Avail in the US in Q3. very interesting! I just took a look at the i4 forum and a couple folks mentioned it there yesterday in a subforum i dont usually look it. Will check it out.

727200

· #14 · 5 d ago

Make gas $6 a gallon again!

Reactions: 1

Oenonee

· #15 · 5 d ago

This was a recent article I read which is UK based but says the same thing about EV used prices dropping

www.thisismoney.co.uk

Used electric car prices plunge in March - some EVs are down 30%

EXCLUSIVE: New data for second-hand car prices in March reveals that electric vehicles make up the 20 biggest value fallers compared to the same month a year ago. See which motors are up most.

www.thisismoney.co.uk

The one thing they don't mention in the top five reasons is the advancement of technology. Those who see me post will know that I'm a bit of a Polestar fanboy now but the 2024 model update of the 2 gets far greater range and charging speeds. Technology is moving at a good pace. EVs are becoming a little bit swappable like smartphones, I can see them doing well with leasing and subscription but not too well in terms of actual purchasing.

Oenonee

· #16 · 5 d ago

Reading this post made me go have a Google and this does seem quite cheap to me. Even though it's the smaller battery that to me seems to be a 15 to 20K drop? 🤔

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monstermash25

· #17 · 3 d ago

Maybe it’s better to lease a Q4 until EV vehicles gets better with range and charging time?

Reactions: 1

Oenonee

· #18 · 3 d ago

That's what we're doing!

Reactions: 1

JNealCox

· #19 · 3 d ago

Right now, the only way to get the $7500 credit is to lease from Audi.

Reactions: 2

monstermash25

· #20 · 3 d ago

I’m leasing as well.

Reactions: 2

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