12/12/2023 0 Comments Search tesla inventory nationwide![]() ![]() Used Teslas are sitting on dealer lots for much longer these days. ![]() It’s all about perspective here: the overall used car market dropped 4% at the retail level during the same period, and wholesale prices dropped much more, as you can see here. In July, the average price of a used Tesla was $67,297, but six months later the average price had fallen to $55,754. Here’s where things stand today, and where prices are headed in the near future.ħ Negotiate Used Tesla Prices in 2023 Used Tesla Prices PlummetĪccording to Edmunds data shared with Reuters, used Tesla prices were down 17% in December for the July peak. In 2023, used electric car prices are in for a rude awakening. Thousands of Tesla buyers flipped their new cars for a profit on the used car market just weeks to months after taking delivery. Long the best-selling EVs by raw numbers and market share ( more on that here), Tesla became the darling of auto market speculation in 2022. The picture is different for used Tesla prices heading into 2023. Generally, used electric car prices have been reluctant to drop, at least compared to the steep declines seen in other vehicle classes such as luxury SUVs, crossovers and compact cars. Used car prices have fallen over 25% in 2022, and have a lot further to fall. With these changes, in 2023, expect used Tesla prices to be at least 20% lower than they were in 2022. Lower new Tesla prices will immediately hit used Tesla prices hard. This means that not only are all Teslas cheaper now, but most Model 3 and Model Y spec options are now eligible for the $7,500 EV tax credit in the U.S., at least until March when more detailed eligibility requirements are to be released by the government. The top-selling Long Range Model Y dropped from $65,990 to $52,990. Must take retail delivery by October 2, 2023.January 2023 Update: Tesla slashed prices for new models by up to 20% overnight. Not available to Pennsylvania residents see your dealer for details. May not be combined with other preferred lender financing offers. Finance charges begin to accrue on the date you sign the Retail Installment Sale Contract at the Annual Percentage Rate (APR) disclosed in the contract. Well-qualified customers who purchase a new, used, or certified pre-owned vehicle, 4 model years or newer with less than 60K miles between August 1, 2023,and October 2, 2023, and finance through a participating dealer and lender have the option to defer monthly payments for 90 days from contract date. Please contact the dealership for more specific information. Vehicles may be available for transfer upon request. ![]() Dealer not responsible for errors and omissions all offers are subject to change without notice please confirm listings with dealer. All prices include all manufacturer-to-dealer incentives, which the dealer retains unless otherwise specifically provided. Out-of-state buyers are responsible for all taxes, government fees, and title/registration fees in the state where the vehicle will be registered. All advertised vehicle prices exclude options offered by the dealer and displayed on the vehicle’s window sticker addendum and, as applicable, Alabama “Dealer Administrative Charge” California “Dealer Document Processing Charge” Kansas “Dealer Administrative Charge” Missouri “Dealer Administrative Fee” North Carolina “Dealer Administrative Fee” South Carolina “Closing Fee” Tennessee “Dealer Processing Fee” Texas “Documentary Fee” and Virginia “Dealer Processing Fee.” All advertised vehicle prices include, as applicable, Florida “Predelivery Service Charge” and Georgia “Dealer Administration Charge.” All prices exclude all taxes, tag, title, registration, and government fees. ![]()
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