Model Y used prices still holding after $13k MSRP cut - when will they drop?

[cdub]

(Moderator note)

All pricing discussion, speculation, etc now goes in this stickied thread here:

Discussion: Model 3 and Y price drop Jan 2023, Pricing Speculation etc

Does Tesla have "dynamic pricing" just like Amazon? It seems like it. There should really be a "camel camel camel" like site to monitor their prices. :rolleyes:

teslamotorsclub.com

Please move any further discussion to that thread.
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Being able to buy a brand new Model Y for $43,990 in CA should put a HUGE downward pressure on used ones.

$52,990 LR AWD Y
-$7,500 fed
-$2,000 CA rebate
=$43,990

However so far used prices still holding strong at 58ish. Granted the one below includes FSD but we all know that doesn't prop up value much in Tesla world.



I wonder when used prices will drop?

I would think this week.

 

[ucmndd]

More or less immediately. I imagine pricing of used inventory is a much more manual process than just changing the numbers on the ordering page so it’s going to take a little bit.

 

[cdub]

I'll be tempted to bite once they get into the high 30s.

 

[Kokukenji]

Looks like a deal in comparison.

 

[cdub]

Looks like a deal in comparison.

A deal only if you factor full value of FSD which you know Tesla doesn't honor.

 

[240vPlug]

I will expect them to start dropping fairly quickly. Otherwise the units are all going to sit. They've been sitting anyway. Most of them.

 

[SizzFlair]

For fun I requested a quote through carvana. It has to be reviewed by a specialist lol

 

[240vPlug]

For fun I requested a quote through carvana. It has to be reviewed by a specialist lol

My car with 19,000 miles and FSD offer from Car Gurus $42,944. Car was $77,440 in June. That's a 44% hit in six months. Now granted a private sale would yield more but still. That's awful. Thankfully I plan to keep at least 5 years. Price now for same thing would be $71,990.

 

[SizzFlair]

No one's gonna buy private unless they're looking for particular stuff (ppf, tint, or other mods). Used market will crash. Just drive it til the wheel falls off or take a hit on the trade in if you wanna upgrade down the road.

 

[LoneStarEve]

FSD is pretty much worthless I’m afraid. Buy it be user you want to use it but don’t expect to get any money back on it.

 

[E46M3]

Being able to buy a brand new Model Y for $43,990 in CA should put a HUGE downward pressure on used ones.

$52,990 LR AWD Y
-$7,500 fed
-$2,000 CA rebate
=$43,990

However so far used prices still holding strong at 58ish. Granted the one below includes FSD but we all know that doesn't prop up value much in Tesla world.

View attachment 895286

I wonder when used prices will drop?

I would think this week.

What's this $2k CA rebate you're speaking of?

 

[P90D]

The secondary market is dictated by the supply and demand of the primary market. Used prices will and must equalize with the new prices.

Whatever the private seller might wish, whatever the dealer might try to finagle, the wholesale market hammer will declare the real price and that's that.

I recall posts from people last year lamenting "gosh, I could have sold for $5K over msrp, now there's only a few offers at msrp, should I wait till prices go up again?" …

 

[cdub]

Prices have started to drop by $1,000-$1,900.

I suspect that's not enough.

 

[240vPlug]

Not enough your right. That's the whole problem right now with the used car market. They're not dropping the prices fast enough and the values are continuing to go down. The cheapest model Y when I looked about a week ago was 45,000 and it was a 2020 standard range. Now with a tax credit you can get long range. Brand new. Use prices. Have to go way down now otherwise they will not move

 

[cdub]

The only way current prices can be "justified" is that FSD is included.

But that's if you value FSD at $15k which I DON'T and neither does Tesla for trade ins.

 

[eleison]

Used car prices will slowly come down... too many upside loans; this will affect the supply of used cars (people wouldn't be able to sell their cars w/o losing a lot of money, hence they will try and keep their cars as much as possible).

I suspect 6 to 8 months before used prices stabilize assuming Elon does not continue to discount. The constant strain of the recession will ultimately "break" peoples will and means.

 

[indyjaco]

Once the Govt rebate is gone, which could be as soon as April, used prices will rebound some, but till then, Hold hold hold

 

[P90D]

Once the Govt rebate is gone, which could be as soon as April, used prices will rebound some, but till then, Hold hold hold

the rebate applies to only some buyers, I don't know how much real impact it has on someone paying $70K+ for a Model Y (two months ago) and now looking at 20% lower prices. I'd like to think people paying $70K+ for a car have an income above the threshold to qualify for government incentives.

there's two other factors:
supply – there's no longer a shortage of supply and a "build" order can be matched to a batch in a matter of days or a few weeks
demand – there are now competing vehicles arriving in '23, the Tesla brand appeal has lost some of its luster

other "dynamics" in the price of the secondary market include dealer behavior – they will turn over inventory, they will not speculate on future higher prices, they'll adjust to what they're seeing in demand (retail buyers) and in the wholesale prices their wholesale buyers can bring to their lot or take out of their lot, plus the "feel" their wholesale buyer will report when working the auctions. As soon as the wholesale buyers start to see a product is not moving across the auction block, they will not want to touch it, with any excess of inventory, their dealer manager will not be asking for another Tesla on their lot at any price and will be looking to clear out of off-brand inventory that's not finding buyers.

Of course, a Y could still be one of their best performers because the whole auto industry is in decline and selling any vehicle has become difficult.

 

[Fiveseven108]

What's this $2k CA rebate you're speaking of?

Anyone know what this 2k ca rebate is all about ?

 

[sunwarriors]

Anyone know what this 2k ca rebate is all about ?

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