22, the average price for a used Model Y among dealers was down 23% since July and 5% since December. For example, average prices for all model years of the popular Model Y SUV saw month-over-month price drops between 2% and 5% since hitting a peak of $73,882 in July.Īs of Jan.
Related: Here Are the 11 Cheapest Electric Vehicles You Can Buy Prices Fall on Used Teslas 2019 Tesla Model X | photos by Christian LantryĪll used Tesla models (i.e., the Model 3, Model Y, Model S and Model X) saw a steady drop in average prices among dealer inventory over the last six months after prices peaked in July. Read on for details regarding average used Tesla prices, recent inventory levels, and how the new federal electric-vehicle tax credit rules will impact your new or used EV purchase. Tesla's price cuts this year came after nearly two years when it had been pushing prices higher and could not keep up with demand.In mid-January, Tesla slashed prices by up to 20% across its lineup, but new-car shoppers aren’t the only ones who might encounter falling price tags on the brand’s all-electric SUVs and sedans: data shows that used Tesla prices have also been trending down since their summer peak, and the dip has accelerated in recent months. Some owners of Tesla's in the United States had complained that the price cuts also eroded the resale value of their vehicles. Tesla's deep price cuts in January prompted protests in China from Tesla buyers who had bought earlier and missed out on the savings. Musk said strong demand had prompted the company to make its first small price increase to the Model Y and that the company would focus on price to drive demand with the economy headed toward what he believes will be a recession. market after the government raised the ceiling on the price of crossover electric vehicles eligible for the income tax incentive.Ĭhief Executive Elon Musk said last month that vehicle orders were roughly double the company’s output in January after the first round of price cuts. Tesla raised the price of its Model Y Long Range earlier this month in the U.S. Prices for the other two versions of the Model 3 and the Model Y on sale in the United States were unchanged on Tuesday. The rear-wheel-drive Model 3 is about 9% cheaper. The company has been adjusting prices online since with a cadence that is unusual in an industry where the benchmark is still described as a "sticker prices" on the window of a vehicle in inventory.Īfter the recent changes, the performance version of the Model Y, which has a higher top speed and a lower suspension, is still about 16% cheaper than it was in early January for U.S. Tesla rolled out sweeping price cuts in January across its line-up and in all of its major markets. It cut the price of the rear-wheel drive Model 3 sedan, its cheapest model, by $500 to $42,990, the website showed.īoth vehicles qualify for $7,500 in federal tax credits. Tesla increased the price of its Model Y performance crossover by $1,000 to $58,990, its website showed. Feb 14 (Reuters) - Tesla (TSLA.O) has changed prices for one version of each of its Model 3 sedan and Model Y crossover, the fourth price adjustment by the electric vehicle maker since the start of the year.
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