![]() The average used prices for the Model 3, S and X are notably lower at $41,789, $56,391 and $73,255, respectively. Based on new Tesla pricing (including destination charges) seen on the automaker’s website as of Jan. New Teslas 2021 Tesla Model Y | photo by Christian LantryĪs both new and used Teslas become more affordable, it’s a good idea to consider how each option will fit your budget. In recent months, however, the average prices among these comparable vehicles are trending closer to the Model Y, falling 4% from November to December and another 4% from December to January. That’s a notably smaller drop compared to the Model Y, which fell 23% in the same timeframe. For the electric compact SUV class - which includes the Audi E-Tron, Ford Mustang Mach-E, Hyundai Ioniq 5, Kia EV6 and Volkswagen ID.4, among others - the average used price across all comparable models in January was $46,955, down 16% from the July peak of $56,179. Used Teslas aren’t the only EVs seeing price tags shrink in recent months, but they are falling faster than those of other brands. What About Other Used EVs? 2022 Kia EV6 (left) and 2021 Tesla Model Y | photo by Christian Lantry ![]() This has implications for the vehicle’s auto loan (if financed) and its trade-in value. Tesla owners who recently purchased a new car before the price changes took effect will likely find the value of their vehicle has plummeted essentially overnight. Tesla’s price cut, which lowered the base prices of its new cars by up to $19,000, has the biggest impact on newer pre-owned models. 13 (the day following the price cuts) shows a 3% average price drop for the Model 3 less than a 1% decline for the Model X and a 2% drop for both the Model Y and Model S. A week-over-week comparison of used prices before and after Jan. But the above trends show that used prices started falling well before the price cuts took place. It’s likely that the recent discounts on the Model 3 and Model Y as well as the more substantial price reductions on all new Teslas are contributing to the drop in used prices all used Tesla models except the Model S saw the largest price drop since July between December and January. Did Tesla’s New-Car Price Cuts Play a Role? The Model X’s average price was down 25% from the July peak of $97,898 and 6% from December. The average price of a Model S was down 31% from the July peak of $73,961 and a 5% drop from December. The larger Model S sedan and Model X SUV each saw comparable average month-over-month price drops of 4% and 5%, respectively, since July. ![]() The average price of a used Model 3 sedan followed a similar trend, down 21% since July and 7% since December. 22, the average price for a used Model Y among dealers was down 23% since July and 5% since December. For example, average prices for all model years of the popular Model Y SUV saw month-over-month price drops between 2% and 5% since hitting a peak of $73,882 in July.Īs of Jan. ![]() Related: Here Are the 11 Cheapest Electric Vehicles You Can Buy Prices Fall on Used Teslas 2019 Tesla Model X | photos by Christian LantryĪll used Tesla models (i.e., the Model 3, Model Y, Model S and Model X) saw a steady drop in average prices among dealer inventory over the last six months after prices peaked in July. ![]() Read on for details regarding average used Tesla prices, recent inventory levels, and how the new federal electric-vehicle tax credit rules will impact your new or used EV purchase. In mid-January, Tesla slashed prices by up to 20% across its lineup, but new-car shoppers aren’t the only ones who might encounter falling price tags on the brand’s all-electric SUVs and sedans: data shows that used Tesla prices have also been trending down since their summer peak, and the dip has accelerated in recent months. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |