How to sell your electric car for more

Electric vehicle battery health: the main reference point when selling used cars

The condition of the traction battery is central to the check before buy a used electric car... Indeed, unlike its thermal counterpart, the electric vehicle does not require much maintenance, since it has about 60% fewer parts. That said, the health of a car battery should be a matter of your close scrutiny, and rightly so. To sell your used electric car, you have to risk it in your favor. 

We can't do this enough battery is the centerpiece of an electric vehicle. remember, that traction battery performance decrease as needed: this is called a phenomenon aging, which we will explain in another article... Indeed, during its use, parasitic reactions lead to degradation of the battery cells. aging of the battery. Therefore, it is very likely that his health has deteriorated when you decide sell your used car, after several years of good and faithful service. Battery aging in an electric vehicle is not a problem in itself. This is the stage of sales, in the absence of reliable and transparent information about it, which can become such.

Lack of information and transparency regarding the battery of an electric vehicle is wasting your time and money. 

Research conducted jointly by Autovista Group and TÜV * sheds light on the decisive nature of the battery when selling used electric vehicles. This highlights the fact that lack of transparency regarding battery health prevents the vehicle from reaching its full value potential in the used market. According to research, Your vehicle battery certification can add € 450 to the value of your used electric vehicle.

Research confirms the negative impact of information asymmetry between buyers and sellers on used electric car... In fact, buyers are not always aware of the condition of the battery, which is the main component of a vehicle. Therefore, they struggle to assess the real quality of the cars on the market, although they would no doubt be willing to pay more for a car with a better battery. This is why the opacity is all around the health status of an electric vehicle battery a hindrance to a purchase.

However, as with any used market, all labels and certifications send potential buyers positive or negative signals that direct them to the best deals available. This theory has already been highlighted by the German economist George Akerlof, the 2001 Nobel laureate in economics. According to him, the asymmetry of information in the used car market ("lemons" in English) leads to the flight of the best models. for which sellers are unhappy with prices. Thus, the economic result from them is unsatisfactory, since only low quality models remain on the market. 

Verify Your Used Electric Vehicle Battery Health: Added Value For Sale

However, batteries age in a non-uniform manner depending on the model, as electric vehicles experience very different conditions of use and storage. As emphasized by Christoph Engelskirchen, Economic Director of Autovista Group: “How a battery is handled over 8 or 10 years has a big impact on its day-to-day performance, but automakers don't always provide transparency in this regard.“It is true that manufacturers do not always allow close monitoring of vehicle battery wear. Although they integrate this service, the information remains limited and mainly concerns the remaining autonomy. The certificate can be obtained directly from a third party, such as a certificate offered by Beautiful battery... This will help you sell your used electric vehicle faster and at a better price. 

In the same study, Autovista Group indicates that the report serviceability of the electric vehicle battery can give up to € 450 extra cost. This mainly applies to C-segment models, that is, compact cars ranging in size from 4,1 to 4,5 meters, which remain the most represented of all vehicle fleets in France and Europe. Indeed, when faced with various offers, buyers will be more confident in a used electric vehicle, which we know with accuracy, transparency and reliability battery health. Thus, these potential buyers will tend to pay more to get the model in good working order. This avoids the cost of replacing the battery, which can be up to 15 euros. 

Battery condition certification is the best way to convince potential buyers of your vehicle's value in the used car market. Certificate Beautiful battery allows you to carry out diagnostics right from home in five minutes and thereby reassure potential buyers. You will receive accurate, transparent and independent information. This proof of transparency and integrity will help you selling your electric car is easier, faster and at a better price, as shown by a study by Autovista Group and TÜV.

* Technical Inspection Association: Association d'inspection Technique Allemande

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Sources:

• AKERLOF, George. Lemons Market: Quality Uncertainty and Market Mechanism. 1870
• Twaice, Whitepaper Battery Health Report, “Twaice, Autovista Group and TÜV Rheinland study the impact of battery treatment on the residual value of electric vehicles” 03/06/2020