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People are buying up used Teslas as the average sale price dips

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The demand for used Tesla vehicles has surged as their average sale price has decreased, making them more accessible to a broader range of buyers. According to a recent report by iSeeCars, the average price of a used Tesla dropped by 21.5% from June 2022 to June 2023, with the average price falling from $67,280 to $52,766. This price reduction is attributed to Tesla's price cuts on new vehicles earlier in the year, which subsequently impacted the used car market. The decline in prices has led to a significant increase in sales, with used Tesla sales rising by 4.1% over the same period, outpacing the overall used car market's growth of 3.6%. This trend indicates a growing interest in electric vehicles as they become more affordable.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/autos/news/people-are-buying-up-used-teslas-as-the-average-sale-price-dips/ar-AA1Fn3GO ]