2024 Taycan Market Crash: Is Now the Best Time to Buy?

Welcome back to RBR! Today, we’re taking an in-depth look at the #Porsche #Taycan GTS amidst the current EV market turmoil. The Taycan, once a hot commodity, has seen its market value drop significantly. But does this mean it’s a bad time to buy, or could it actually be the perfect opportunity to get your hands on one? Let’s explore!

You’ve probably heard about the EV market plummeting, with models like the Taycan Turbo losing more than 50% of their value. But why has this happened? Is it just a temporary blip, or a sign of a permanent shift in the EV market? In this video, we’ll dig into what’s driving these changes and what it means for you if you’re thinking of buying one.

I’ll also share my personal experiences with the #porscheTaycan. I’ve owned two, a Cross Turismo 4S and a Sport Turismo 4S, so I will also impart my own experience. For those considering a purchase, we’ll ask the key question: Is the Taycan GTS a smart buy in the market today?

To do this, we will go beyond the market discussion and take a detailed look at one of the best models: the Taycan GTS. We will do a recap on what makes this EV stand out, and walk through its engineering and technical details, as well as performance. I’ll also take you through a real-world test of the Taycan’s range on a 450-mile road trip to Scotland—did it meet expectations, or fall short?

With the new Taycan models on the horizon, we’ll also compare the current GTS to the brand NEW Taycan in terms of tech, range and design. Is it worth holding out for the latest and greatest, or does the GTS still hold its own? You’ll get all the insights in this video.

And of course we will go for a drive, where I’ll give you my honest take on whether now is the right time to buy a Taycan, or if it’s better to wait. Could the market dip further, or is this the low point? We’ll consider all the angles before you make your decision.

Up next on RBR is the BMW X6M full review! Subscribe be to support us and see them first. :)

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Driving disclaimer:

Please note all driving shots have been filmed either by professionals in a safe environment, or sped up for dramatic effect, or on closed roads. Please drive safely!

[Luminated]

Personally I feel sorry for those early Taycan buyers, they were stepping into the unknown and they paid the price for it. Facts that many ignored, big saloon cars generally don’t hold their value, even ICE versions so a new technology EV one was not necessarily the right model to introduce. We have one in the family but we did it PCP back when Porsche thought they had the pricing right so are stepping out of it not costing us a packet.

Only my opinion but because this technology is ever improving I think it’s mad to buy outright at the moment, better to either lease or PCP, at least with both forms you know the end cost for the period of ownership and if you don’t like it walk away.

[MaestroWenarto]

I had two Taycans and lost so much money....the drive is a dream - so my advice is to buy a use Taycan

[Ndumei]

The honesty towards the Porsche EV segment and lack of it towards the new BMW design language and recent M cars is noticable too Raz, respectfully

[Natak]

Please man, more of these investigative type of videos where you go deeper than your standard but vey polished car reviews. This is all you're missing

[PassportBrosBusinessClass]

What amazes me is the absence of the anti-EV crowd on videos about EV that they can’t afford.

[Aggielife]

I will say that I’m in the market in the US for a used Taycan GTS which is why this video popped up on my algorithm. The values have dropped over here, but no where near what is going on over there in the UK. In the US, you will be hard pressed as of Aug 30th to find a 2022 GTS under 90k and I’m being conservative. Most are still going for close to 100k or more. That’s the 2022 version. The 2023’s and 24’s are even higher. This video said in the Uk, you can get them in the 70k range? The rear wheel drives and some 4S models are going for that depending on how they are optioned.

[Metal]

They are still £70k. That’s still a big monthly cost with a hefty deposit. Rather have an RS6.

[evrekaenlightenment]

Manufacturers jacked up the prices of a car costing them 15K piece AND charges 150K what do you expect the prices to go for all not only EV versions??

[livinagoodlife]

The base issue is ignorance towards battery tech + not enough infrastructure for battery maintenance/repairs. People are too scared to get a secondhand EV because they think they are already half dead .. which if you watched Rory of Top Gear's recent videos, that just isnt the case. If EV manufacturers want their brands to signify longevity then they need to invest infrastructure to compete with what exists today for ICE vehicles.

[MrDead]

I'm so glad I didn't buy a taycan turbo 1 1/2 yrs ago, I was so close and dodged a depreciation bullet

[andrewhurstcars]

Of course you will still see a drop after you spend £70k on a second-hand GTS, if you buy one at that price as you suggest. It will drop to £40k in no time, then after 8 years the battery warranty runs out. All large four-door saloons have always lost a lot of money, that's nothing new. Look at the price of a four-year-old Panamera for comparison, the cheapest is £45k, only £5k more than a similar aged Taycan. The new Taycan is a huge step-up with about a 100 mile increase in range.

[beatlessale]

Big luxury ICE cars (S class / A8 / 7 series) always depreciate steeply, so the Taycan has followed this. However historically Porsche cars have always had a low curve, take a 10 year old Cayman, they are still £30K which is half a new base 781 version for example. Does a 3 year old Taycan, that is 20% in range “less” than a brand new one offer great value….for sure if you can spend £50K and not worry about losing money. However how low will they go, if Porsche can’t shift the previous gen new ones in stock and the 1.1 new ones have “incentives” or just end up in fleet? Great pod as ever…

[mtx]

it's all cyclical, just as ICE vehicles 2 years ago was depreciating like crazy, EV is now going through the same low trench...nothing to lose sleep over as market price will always normalize down the road

[Thisismyhandle]

I got a used 2 year old Taycan 4S with a huge spec and 13k miles for less than £55k on a PCP with the Porsche 2 year warranty with a discount on extension to 3 years. I feel for the previous owner as they took a massive hit no doubt. To say that I'm pretty chuffed is an understatement, I absolutely love it and to Raj's point in the video every day I drive it it puts a smile on my face.

[orlandopenahernandez]

About a year and a half ago I was in the position to buy a new 'daily', i really like sedans for that, so I went to my local BMW, Mercedes and Porsche. They had available 330i plug in hybrid, C43 and base Taycan sedan with some preconfigure goods. Where I'm from they don't import the high end versions b/c they are a pretty penny, you can order them. I went for the Taycan knowing that in my country there is ZERO public charging infrastructure, but is was for daily use basically for my metropolitan area which includes 6 cities with an average temperature of 33 celcius during the day. I'm very happy with my purchase I've put around 15, 000 km in that time.I charge it at my house every 2 or 3 days, perfect for my needs. I always keep an ICE SUV for my long trips. That has been my experience overall.

[mayorshake]

This is why I am seriously concerned for Jaguar. They are completely jumping the gun….

[lrnasigo]

23’ GTS $113K 2K miles and 22’ GTS $92K with 15K miles in Texas

[GWatts]

Thats insane that porsche says 0-60 3.7 then it ends up being 3.2 sec.. 😂 just like bmw.

[j.r.]

NGL, I’m bummed to hear that you got rid of your Taycans. I thought your white CT was the best looking Taycan I’ve ever seen, exactly how I’d spec one

[Vin-pdmh]

DEFLATION + DEPRECIATION are beautiful 😍😍