Will the Used Tesla Bubble Burst? He supports it a report from the Reutersstarting from the fact that in November the average quotations fell by 17%.
Will the Used Tesla Bubble Burst? That’s what makes him think
Second-hand Teslas have always been a case study in the auto market. Owners could often resell their cars for a price even higher of the one paid at the time, thanks toa very strong request. Now it seems who we are at the turnaround. There Reuters cites the findings of a specialized site, Edmunds. comaccording to which the average price for a used Tesla in November was $55,754i, compared to the July peak dI 67.297. Much more than the decline in the overall second-hand market, which is down 4% during the same period. And the average stock before resale has increased: we are at 50 days for Elon Musk’s brand, compared to 38 days of the sector. What’s going on? There Reuters explains that, with the opening of other factories, Tesla production has increased very quickly, with ample availability of new cars. There is no longer the shortage of products that in recent years had led many to fall back on used products, supporting the quotations.
LIMIT CASE / In July, a Tesla Model Y was sold in the US at a price 12,000 higher than it cost when new.
The cuccagna is over, but it was to be expected
To achieve the year-end sales targets, prices were then reduced by both Model 3 what about ModelY until $7,500. Also dragging down the value of used goods. Moreover, fuel costs are decreasing in the USA, while the cost of electricity remains very high and interest rates are increasing. In essence: more than a burst of the bubble, we can talk about a return to normal for quotations that in recent years have had values that are out of the ordinary. “You cannot sell your current Tesla for more money than you paid for itwhich has been true for much of the last couple of years“, she said Reuters Carl Brauer, analyst of iSeeCars.com. “This would reduce the demand for new Teslas“. The extreme case of a Californian engineer working in software has been talked about for a long time in the media. The man bought one ModelY last year for 49 thousand dollars and sold it three months later for 12 thousand more. Such cases will not be repeated: the bonanza is over, but it was to be expected.
