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France’s Used-Car Prices Slide Further, With Electric Models Leading the Fall

High inventories are pushing dealers to cut prices on secondhand cars.

Overview

  • Leboncoin data show average used EV prices around €23,214, nearly €10,000 lower than in 2023, with diesel averaging €17,324 (down €966 year over year) and petrol models down about €670.
  • Platforms and dealers report larger stocks and longer time on lot for EVs, prompting successive markdowns to keep vehicles moving.
  • Concrete deals now include a Renault Zoe with under 20,000 km for under €6,000 and family-size electric models priced below €20,000 or near €17,500.
  • Some recent EV buyers face steep depreciation, with owners who paid about €40,000 receiving resale offers near €20,000 to €21,000.
  • Industry voices cite softer demand for used vehicles, improved availability of new cars, and pressure from lower-cost Asian models as key drivers of the declines.