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Resale values plummeted
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Easy come easy go. Stock price is down a bigger percent than that.
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xxfasteddie
Member
I sold mine to Carmax. Bring it over there and see what they say. They are paying too dollar for Tesla
hold
Member
csrpenfab
Member
All depends on the market and supply/demand in that region. Heck, just pull up CarMax and look at the crazy prices they're asking for used MYP's. Well over what they sold for new...
I was wondering when this would happen. I sold my 2021 SR+ 3 for $49.5k the second i got the offer because I couldn’t ever see it going higher than $50k.
They had it listed for a while for $53k. Peak insanity. I paid $39k
They had it listed for a while for $53k. Peak insanity. I paid $39k
We've probably seen several asset areas that have been softening the last few weeks including digital coins, stock market, housing, RVs, and now cars. I'd hate to be the one holding any recently purchased inflated asset.
Musk said Tesla car prices would likely fall in the future. This difference might be this new trend being related to a drop in demand as people begin to feel the pressure of inflation and rising interest rates.
Musk said Tesla car prices would likely fall in the future. This difference might be this new trend being related to a drop in demand as people begin to feel the pressure of inflation and rising interest rates.
Car salesperson here. The drop in values is predictable. For all cars there are generally 2 major book price drops annually with small adjustments throughout the year. September is when new model year vehicles generally are released and January is when the calendar year changes. Unfortunately, Teslas have both drops at the same time since their model year coincides with production date.
Also, January and February see a severely slowed down market for both new and used autos and trade values take a hit in these months due to planned inventory life time.
Odds are that, if the car market remains what it has been for the last year, that two months from now your trade will increase a bit in value to match the economic flow through dealers again. But that will only happen if consumer demand and supply constraints remain true.
But, you should still sell now rather than wait. Tesla production timelines have improved their forecasts for current models and availability is no longer a year or more for them. People and business will pay for a lack of availability, but with Texas starting production prices on used MY will continue to be impacted.
Also, January and February see a severely slowed down market for both new and used autos and trade values take a hit in these months due to planned inventory life time.
Odds are that, if the car market remains what it has been for the last year, that two months from now your trade will increase a bit in value to match the economic flow through dealers again. But that will only happen if consumer demand and supply constraints remain true.
But, you should still sell now rather than wait. Tesla production timelines have improved their forecasts for current models and availability is no longer a year or more for them. People and business will pay for a lack of availability, but with Texas starting production prices on used MY will continue to be impacted.
Destiny1701
22’ M3LR ‘DrkNite’/ 22’ MYP BliueRocket
What he just said above 
Supply increasing and wait times going down for new vehicles.
Also the price of new Teslas has slowly creeped up so the variance between new and used is not much.
The days of profit on used are going to start to calm a bit as long as Tesla keeps churning them out. Also the inventory of used Teslas out in the market is now high given every owner or new buyer had the same idea ‘hey let me order one or two, flip them and make some $ or get myself into a better model!..it’s a no brainer!’
Fast forward 2-3 months and market flooded with used Teslas.
Supply increasing and wait times going down for new vehicles.
Also the price of new Teslas has slowly creeped up so the variance between new and used is not much.
The days of profit on used are going to start to calm a bit as long as Tesla keeps churning them out. Also the inventory of used Teslas out in the market is now high given every owner or new buyer had the same idea ‘hey let me order one or two, flip them and make some $ or get myself into a better model!..it’s a no brainer!’
Fast forward 2-3 months and market flooded with used Teslas.
Hey thanks! I have a few questions.
Should I pass on accepting the MYP upgrade now and wait 1-2 more months or whenever it’s ready? This way hopefully resale values go back up.
In your opinion is a MYP upgrade worth it when I can just add an Acceleration Boost for $2k
Where can I see what price is the best price that I can get for our MY LR awd? More than likely I would sell to a local dealer or an online wholesaler.
45thParallel
Member
I just checked randomly, and there are 14 Tesla's on the lot at one of the local used car sales dealer. I think used car prices peaked last year and the increase in car loan rates and inflation is causing people to rethink how much they are prepared to pay. Carvana stock is also not doing too well and so they are now offering less.
I haven't checked this week but this was definitely higher than in early January.
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