Tesla used car prices keep plumetting, dips below average used car
15 days ago
- #Tesla
- #Market Trends
- #Used Cars
- Tesla used car prices are plummeting while the average used car price is increasing.
- Used Tesla vehicles are now cheaper than the average used car sale price, despite being a premium brand.
- Tesla's used car prices continued to drop even as the broader used car market started recovering in March 2025.
- The average used Tesla now costs less than the average used car on CarGurus, an unprecedented situation.
- Used Tesla prices are down 4.59% year-over-year, while the market average is up 1.22%.
- All Tesla models have seen price drops, with the Cybertruck leading the decline, though it has started to recover recently.
- The Model Y, Tesla's most popular model, is dragging the average down with continued price drops.
- High depreciation and repair costs are leading to many Teslas being totaled early, increasing their carbon footprint and insurance costs.
- Many Tesla owners are selling their used vehicles and switching to new brands, increasing supply and further pressuring prices.
- The situation indicates a significant reputational hit for Tesla with no clear recovery in sight.