The prices of second-hand Teslas are falling sharply

The prices of second-hand Teslas are falling sharply

The news reported by Reuters in the last few hours bodes well for the future of the automotive market: in fact, in recent years we have witnessed a sharp increase in the value of used cars, caused by the difficulties that car manufacturers are experiencing meeting in the production of new specimens. The most striking example is precisely that of Tesla, which in recent years has seen the demand for its cars rise exaggeratedly without the possibility of satisfying it: therefore many have found themselves faced with the choice of keeping their new car , or resell it to obtain a considerable profit.

Fortunately, this trend seems to be on the wane, with the prices of used Teslas returning within acceptable limits: last July, the average price for a Tesla Secondhand in the US was $67,297, down 17% today to $55,757. In the same period, the entire second-hand market saw a drop of 4%, but it is evident that the drop is more sensitive on Tesla models.

There are several reasons for this change in trend, and it is difficult to find one more impactful than highs: during the summer months we have seen the rush to Tesla, especially in the USA, given the increase in fuel prices caused by the conflict in Ukraine; around the same time Tesla model owners realized the potential income they were forgoing and started selling their own cars – in August almost 1/3 of the second hand Teslas sold were a 2022 model!

Once their car has been sold, many have chosen to order a new Tesla, an order that will be processed in a relatively short time given the great strides in terms of production capacity that Tesla has made in recent months, in following the inauguration of new production plants in Germany and Texas – very soon the European market will be able to do without the Model Y imported from China, as the production of the Gigafactory in Germany will be sufficient to cover the demand.

If all these details are combined with the ever-increasing competition on the electric car market, once dominated almost exclusively by Tesla, here is explained why pre-owned Teslas are increasingly spending days sitting in dealer parking lots, when just a few months ago they would have been gone within days.