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I’m thinking of selling my car, I might get back more than I paid and in a few months I’ll be able to buy one similar cheaper when stock floods back onto the market, all with fresh warranties
That’s not what Tesla intended I’m sure.
I think what we're seeing is high turnover in the sales organization/management. Every several months, we see a new strategy different from the previous ones, with very little logic we, as outsiders, can tease out. I'm sure internally whatever they're doing can be justified. But from an external point of view, it just seems so random or illogical.
In other words, don't try and figure it out. Because if/when you do, it's bound to change in a month.
You just described the entire history of the CPO program
The only thing they have been consistent about is listing hundreds of cars and a few months later remove hundreds of cars. I feel their #1 priority with the CPO Program at the moment is to not necessarily sell cars but try to control the market and push people to buy new...
In the meantime, with a rapidly depreciating CPO inventory, part of which is unlisted, they are losing money so this strategy can't be sustainable in the long term.
If the past is any indicator, I predict hundreds of CPO cars will be posted between now and June.
They are (or were) trimming $100-$300 off new inventory cars which are no longer current models, I see it less on the older cars.
As an example this is how they reduced the price on a new inventory 90D Facelift - in a month they dropped it by 3.5k but in lots of small chunks - no idea why they don't just bite the bullet and do it in one go.
en_GB/used/5YJSB7E20HF211587 87516 24/01/2018
en_GB/used/5YJSB7E20HF211587 87216 26/01/2018
en_GB/used/5YJSB7E20HF211587 87116 27/01/2018
en_GB/used/5YJSB7E20HF211587 86816 31/01/2018
en_GB/used/5YJSB7E20HF211587 86616 02/02/2018
en_GB/used/5YJSB7E20HF211587 86416 03/02/2018
en_GB/used/5YJSB7E20HF211587 86116 07/02/2018
en_GB/used/5YJSB7E20HF211587 85916 09/02/2018
en_GB/used/5YJSB7E20HF211587 85816 10/02/2018
en_GB/used/5YJSB7E20HF211587 85516 12/02/2018
en_GB/used/5YJSB7E20HF211587 85316 14/02/2018
en_GB/used/5YJSB7E20HF211587 85016 16/02/2018
en_GB/used/5YJSB7E20HF211587 84916 17/02/2018
en_GB/used/5YJSB7E20HF211587 84716 19/02/2018
en_GB/used/5YJSB7E20HF211587 84416 23/02/2018
en_GB/used/5YJSB7E20HF211587 84216 24/02/2018
en_GB/used/5YJSB7E20HF211587 84116 25/02/2018
en_GB/used/5YJSB7E20HF211587 83916 27/02/2018
How did you get that information? Also, can you do that for CPO cars?
CPO can be more erratic, prices can go up and down by quite large amounts almost as if someone typed in an incorrect figure.
They're tripling down. Another 2014 P85D popped up priced at over $100K. This is Ludicrous, and it doesn't even include that option!
Used Inventory | Tesla
Just curious if we know how Tesla sets/adjusts the CPO pricing? Is it manual or automatic based on some sort of algorithm?
Spoke with Tesla and was told a lot of the pricing is formula driven and also based on demand. Winter is slower and then it picks up in spring/summer.
It could be the same neural network approach he uses for auto wipers and EAP - it kind of works but you also get some wild behaviou. Either way, hundreds of cars are appearing