Dodge Charger Daytona EV Loses Over Half Its Value in One Year

Dodge Charger Daytona EV Loses Over Half Its Value in One Year

By -

2024 Dodge Charger Daytona

After just one year and 7k miles, this Dodge Charger Daytona EV sold for far less than half of its original sticker price.

In recent years, we’ve seen electric vehicles, in general, depreciate at much faster rates than traditional gas-powered models, a phenomenon that can be blamed on a few factors. These include the fact that battery technology is advancing at a rapid rate, coupled with the high cost of battery replacement and consumer anxieties over things like battery degradation. Throw in the fact that demand for certain electric vehicles – like the Dodge Charger Daytona, for example – remains quite low, and you’ve got a recipe for eye-opening depreciation.

That much was on clear display recently when it was time for the folks at Edmunds to sell their own Dodge Charger Daytona following their typical one-year test process. They purchased that Scat Pack Stage 2 coupe a year ago, which had a sticker price of $85,965 at the time. Edmunds was able to swing a deal and ultimately took the car home for $82,000 – minus fees and taxes – and then proceeded to rack up just a bit under 7k miles before it was time to part ways.

Dodge Charger Daytona EV Loses Over Half Its Value in One Year

When that day came, the Dodge Charger Daytona commanded a shockingly low sales price of just $35,000 – which is a cool $50k less than its sticker price, or a nearly 60 percent drop compared to that mark. It’s easily one of the highest rates of one-year depreciation we’ve ever seen, and a cautionary tale for anyone looking to buy a Charger Daytona new – clearly, buying a gently used one is the way to go, as you’ll still get the meat of the factory warranty without having to take a huge financial bath in the process.

Dodge Charger Daytona Scat Pack Stage 2

However, it’s also worth asking – do you even want to buy a Dodge Charger Daytona, given the largely negative reviews the EV coupe has received thus far? Edmunds Steven Ewing admits that “I was not sad to see the Charger leave our fleet. The majority of the comments in this car’s logbook have themes of disappointment, frustration or downright hate.” Those that spent some time behind the wheel complained about clunking from the electric motors, a wheezing climate control sound, its turning radius, seating position, and many other quirks.

All-new Dodge Charger Daytona Scat Pack, shown in Redeye exterior color.

On top of that, the Dodge Charger Daytona tester experienced a number of issues as well – including a mysterious 12-volt battery failure and a scary unintended acceleration incident. While everyone liked the way it looked, the truth of the matter is, the EV coupe just didn’t live up to their expectations. “When I got behind the wheel of the Charger, I was hoping for a silly couple of days. I had very low expectations, and I figured that, at the very least, the car would make me laugh. But instead, I was just bored the whole time. And boring is the last thing a car like this should be,” said Ryan Greger, senior social media strategist.

Join the Dodge Forums now!

Brett Foote has been covering the automotive industry for over five years and is a longtime contributor to Internet Brands’ Auto Group sites, including Chevrolet Forum, Rennlist, and Ford Truck Enthusiasts, among other popular sites.

He has been an automotive enthusiast since the day he came into this world and rode home from the hospital in a first-gen Mustang, and he's been wrenching on them nearly as long.

In addition to his expertise writing about cars, trucks, motorcycles, and every other type of automobile, Brett had spent several years running parts for local auto dealerships.

You can follow along with his builds and various automotive shenanigans on Instagram: @bfoote.


All times are GMT -4. The time now is 07:09 AM.