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]
This month Xcelerate Auto is launching a first-of-its kind product for the EV space. It’s an extended EV battery warranty that not only covers the EV’s battery and drive unit, but aims to improve the EV ownership experience in every way. “We take that goal seriously,” explains KJ Gimbel, Xcelerate’s … [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]
As the price tags on electric vehicles remain out of reach for many consumers, some have elected to buy used Teslas to save money. The price of a used Tesla can vary significantly, depending on which of the automaker’s four vehicles you’re looking at buying. U.S. News recently took a detailed look … [continued]
Many Tesla buyers are waiting several months to take delivery of the electric vehicles, due to high demand, exacerbated by inflation and the ongoing semiconductor shortage. Despite the letdown for consumers, some Tesla owners saw an opportunity in the market’s current climate and decided to capitalize on it. Some Tesla owners … [continued]
The used car market is taking off everywhere!
Tesla delivered nearly 500,000 new electric cars last year. In 2019, it delivered over 367,000 cars. 2018, too, saw six-figure electric car sales. And Tesla is just one brand! Nissan has sold hundreds of thousands of LEAFs, Kia has sold thousands of Souls, etc., etc., ad nauseam. While those numbers … [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.
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.
Most people haven’t internalized the thought of their Teslas turning into money spinners instead of costs yet. When that starts sinking in, the data may change. But by that point, other cars probably will have full self-driving capabilities as well.
