Just following the “EV SALES ARE FALLING” meme headlines, a new trend popping up in the media is covering the increasingly attractive used electric vehicle market in the US. There’s actually something to this, and it’s interesting to dive into. First of all, note that US electric vehicle sales (or, … [continued]
A couple of days ago, I wrote about a somewhat complicated situation in the used electric car market. I included several notes for matters affecting used EV prices and time on lot. However, looking at some of the details further, I wanted to revisit this and highlight a very important … [continued]
I was doing research for another article and I stumbled upon something that hasn’t been announced or publicized yet. Tesla used vehicles are now eligible for the the $4,000 tax credit in the US! I’m updating the articles I wrote 7 months ago and 1 month ago on this important … [continued]
Economies around the world have been bonkers the past several years, since COVID hit. That has been more evident in the auto industry more than most others, probably because cars are such expensive products and get so much attention. One thing we saw as inflation started increasing was record high … [continued]
Used Tesla vehicles have dropped in price in recent months, causing many prospective buyers to consider buying one with a lower price tag and an older battery. There’s a lot to consider when looking at used Tesla vehicles, and one outlet recently looked at the downward trend to see what … [continued]
Originally posted on EVANNEX. by Charles Morris Since the dawn of the modern electric vehicle era, conventional wisdom has been that the resale value of most EVs erodes quickly — that’s been a boon to lower-income buyers who want to go electric, but a frustration to early adopters who bought new. [Editor’s … [continued]
I came up with the idea for this article after I noticed that Tesla is enabling the $10,000 Full Self Driving (FSD) capability on every Model 3 that it is selling used. I spoke to a couple of salespeople and verified that is the case.
With the coronavirus pandemic and related economic crisis well underway, and perhaps also with the arrival of the Model Y (it’s unclear if this is related), there are some signs of hope for potential used Model 3 buyers.
We’ve covered the superiority of the Tesla Model 3 compared to other cars in its class in a number of different ways. Add to the list the fact that Tesla Model 3 buyers are holding onto their cars much more than buyers of competitors in the midsize premium car market.
TL;DR: It depends. Used Model 3’s are either a great deal or a horrible one and I will present both cases and they are both potentially true. I depends on your situation.
