The used cars market is flooded with teslas.
March has seen a record number of used teslas lists on autotrade, according to data from his parent company, Cox Automotive.
While the “Tesla Takedown” demonstrations swept through the country during the last week of March, more than 13,000 used Teslas were on sale, according to data. This increased by 67% from one year to the next.
The data, which was reported for the first time by Sherwood, arise while more owners of Tesla tried to unload their vehicles in the middle of the continuous output on the political work of Elon Musk with Doge.
The average price of an used Tesla has decreased in recent years, the value plunging more strongly in the wake of Musk’s work with the Trump administration. A used Tesla will now bring you about $ 10,000 less, on average, than other electric vehicles, According to data from the Cargurus dealer’s website.
A spokesperson for COX Automotive told BI by e-mail that the record lists are probably summed up in two main factors
First of all, “Tesla’s rapid growth between 2021 and 2023, “said the spokesperson.” With much more teslas entering the market, we would be able to see the same thing happening on the market used from now on. “”
Second, they added: “We cannot ignore the influence of the new high level work of Elon Musk as Doge Boss and presidential confidant. This certainly influences some owners and buyers. “”
Earlier in March, Stephanie Valdez Stream, director of information from the COX Automotive industry, told Bi that Tesla was confronted with “important challenges” beyond the damage linked to muscles to her brand, including fierce competition from her competitors and a range of aging products.
“It is undeniable that Elon Musk is an influential factor whose actions have an impact on the image and sales of the brand, and only time will tell us if Tesla can navigate successfully at this critical stage and find a new engine for growth,” said Streaty.
Tesla is preparing two major launches to come in the coming months. The company said it was on the right track to start the production of a “more affordable” model by the end of the first half, and it also plans to launch its Robotaxi service in Austin, Texas, in June.
In the meantime, if you are on the market for a used Tesla, it seems that there is a lot of inventory to choose.
businessinsider
