![]() ![]() Note that electric cars, with a 1.8 percent drop, are only slightly ahead of the industry average, further illustrating Tesla’s substantial drop in value versus the overall EV market. Looking beyond Tesla, prices of alternative fuel vehicles dropped faster than traditional gasoline models in the past month, with plug-in hybrids leading the decline at 3.8 percent. Non-Traditional/Alternative Fuel Vehicles Dropping Faster than Internal Combustion Cars It’s worth noting that search activity for Teslas skyrocketed in this same timeframe, up 21.3 percent against an average of 6.5 percent for all used cars on. ![]() Change in Average Price of Used Tesla Models Before and After Jan 12th Price Drop Announcement – iSeeCars Study Tesla is accelerating the worlds transition to sustainable energy with electric cars, solar and integrated renewable energy solutions for homes and businesses. These drops manifested as price reductions of $2,354 on the Model 3, $2,816 on the Model Y, $3,370 on the Model X, and $4,626 on the Model S, all in less than a month. Used Model 3 values led the drop, down 5.2 percent after the price reductions, while used Model X prices declined the least, down 3.9 percent. FILTER & SORT Add filters to save your search and get notified when new inventory arrives. Comparing that to used Tesla prices between January 15th and January 31st, immediately after the announcement, iSeeCars confirmed a 4.8 percent drop in Tesla values. How have these cuts in new Tesla prices impacted used Tesla values? iSeeCars analyzed Tesla used car prices between January 3rd and January 11th, the day before the price cuts were announced. Used Tesla Values Take a Big Hit in January ![]() These latest price cuts were done to better align Tesla’s pricing with recent government legislation, though falling sales volume and rising inventory levels, across the industry and for Tesla specifically, suggest these cuts were also made to ensure new Teslas continue to move in a softening economy. These declines in Tesla values only accelerated when the company announced substantial price reductions for new Tesla models on January 13th, 2023. Plug-in hybrid vehicles are also declining in value at an accelerated rate.This compares to a 1.5 percent drop across all late-year used cars in the same time period.This is the 12th stop of the Odyssey of Pioneers, the first world tour by a zero-emission vehicle. The average late-year Tesla used car value has dropped 4.8 percent in just the past month LOS ANGELES - The TAG Heuer Tesla Roadster, traveling around the world on the Odyssey of Pioneers tour, has arrived in Los Angeles to begin its journey through the United States.Used Tesla Model 3 prices, for example, were down 16.8 percent between September and December 2022. But even as the values for used cars are dropping across the board, Tesla models experienced some of the biggest price drops in recent months. ( iSeeCars) - As noted in our recent used car pricing report, used car values are consistently declining for the first time in over two years. ![]()
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