Polestar 2 mysteriously absent from the "25 cars with worst depreciation" list - what gives?
So I was reading this iSeeCars study about 5-year depreciation (shoutout to r/dataisbeautiful) and couldn't help but notice something weird.
The EV segment is getting absolutely hammered - like 57.2% depreciation over 5 years. That's brutal. The top 25 worst performers are basically a who's who of electric cars: Nissan Leaf, VW ID.4, all three Tesla models, Mach-E, Kona Electric, etc.
But where's the Polestar 2? 🤔
It's not on the list. At all. Now obviously that doesn't mean it's holding value well - we all know EVs depreciate like rocks. But out of the 25 absolute worst, not a single Polestar.
What are we missing here? Is the 2 actually doing better than the mainstream EVs? Or are we just not selling enough to even register in the data? Polestar volumes are still tiny compared to Tesla or Nissan.
The study looked at 950k+ cars sold over the past year, so there's probably a decent sample size. But maybe the 2's higher starting price keeps it out of the "5-year-old used" pool? Or maybe people who buy Polestars actually keep them?
Would love to hear from anyone who's looked at used Polestar 2 prices. Are they actually better than a used Model 3 or Ioniq 5 from the same year? Or is this just statistical noise?
edit: formatting
Just look on cars.com
Driving one off the lot is a 10k hit, but driving 30k miles in a year is the same depreciation.
I'm not up to date on what average depreciation is, but it doesn't seem horrendous.
Most likely due to (assumed) low production/sales numbers you referenced.
If someone really wants a polestar, there's not many on the used market which keeps prices high.
The models you said are on the list, are super popular and there's a large amount on the used market, which drives prices down.
Just basic supply/demand. But it's a risk because you never know what demand will be when ready to sell. It's not based on logic, it's based on what used car buyers will spend.