Used Tesla costs are uncontrolled – some Mannequin Ys with greater than 30,000 miles are promoting for greater than new automobiles

Costs for used Tesla automobiles are spiraling uncontrolled, as some used automobiles with greater than 30,000 miles on the odometer are promoting for greater costs than new ones.

The used automotive market has been wild over the previous two years.

With manufacturing and gross sales of recent automobiles dwindling amid provide chain points, many individuals turned to the used automotive market, and this pushed costs greater throughout the trade. That is very true for electrical automobiles, that are extra uncommon within the used automotive market, and Tesla automobiles are the preferred within the US because the Texas-based automaker nonetheless owns about 75% of the brand new EV market within the nation.

Over the previous 12 months, we additionally started to see used costs on new automobile costs, however this started to be much less true as Tesla elevated the costs of recent automobiles once more over the previous few months.

Now, used costs have gone up once more, and we’re seeing many automobiles listed for greater than the brand new Tesla Mannequin Y and Mannequin 3 automobiles.

Many individuals are testing the market with greater costs on third-party web sites, however Tesla owns a big portion of the marketplace for its used automobiles, and its costs are non-negotiable and, due to this fact, checklist costs. The precise costs for which these automobiles are being bought.

For instance, this 2020 Mannequin Y with over 30,000 miles is listed on Odomotor for $1,000 extra in the event you have been to order the identical configuration model new:

The one benefit is you could get it now versus ready 6-9 months for a brand new one.

Essentially the most spectacular factor is how the worth of the automobile will increase. Relying on when it was bought in 2020, the automobile is prone to promote for between $6,000 and $10,000 greater than it was about two years in the past.

We noticed a number of different used Mannequin Ys listed for greater than the same model new Mannequin Y, similar to a 2021 Mannequin Y with 15,000 miles in Illinois listed for over $80,000:

We additionally discovered some used Mannequin 3 automobiles which are promoting for greater than the brand new model, together with this one in Los Angeles:

One attention-grabbing factor to notice is that Tesla is including the complete self-driving bundle to all of the used automobiles it’s reselling, which helps drive costs even greater.

As we just lately reported, Tesla just lately modified its coverage to not permit anybody to purchase your automotive after the lease expires. It’s augmenting the automaker’s provide of used automobiles for resale.

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