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Uk price increase.. again
- Thread starter OliLondon
- Start date
Trade-in | Tesla UKWhere are you all getting these trade in quotes from. I cannot see in either the Tesla app or Website, then again it is Saturday morning!
If you get the 404 page not found error, just click trade in link at bottom of that page.
Jason71
Well-Known Member
I am pretty sure they leave it up at weekendsWhere are you all getting these trade in quotes from. I cannot see in either the Tesla app or Website, then again it is Saturday morning!
Jason71
Well-Known Member
Since this thread has evolved into talking about trade in prices here is some food for thought.
According to Autotrader "EVs now account for more than one in five (22%) of all new advert views, whilst the volume of enquiries sent to retailers through Auto Trader shot up at the weekend to an all-time high of 30.7%."
If we compare that to the proportion of adverts on autotrader that are for EV's. There are 352,000 cars on autotrader right now. Of those approximately 7000 are BEVs and 7000 are PHEV.
So depending on whether the above above reference to EV's includes PHEVs that means that between 22% and 30% of people enquiring on autotrader are chasing between 2-4% of the cars available.
I would say that bodes well for EV residuals for the foreseeable future. Or very badly for the residuals on ICE cars depending on how you look at it.
According to Autotrader "EVs now account for more than one in five (22%) of all new advert views, whilst the volume of enquiries sent to retailers through Auto Trader shot up at the weekend to an all-time high of 30.7%."
If we compare that to the proportion of adverts on autotrader that are for EV's. There are 352,000 cars on autotrader right now. Of those approximately 7000 are BEVs and 7000 are PHEV.
So depending on whether the above above reference to EV's includes PHEVs that means that between 22% and 30% of people enquiring on autotrader are chasing between 2-4% of the cars available.
I would say that bodes well for EV residuals for the foreseeable future. Or very badly for the residuals on ICE cars depending on how you look at it.
This was always going to be the case based on how the adoption curve evolves for basically all technology.
nrushforth
Member
Jason71
Well-Known Member
Maybe but I don't really give a damn about the re-sale value of my smart phone. It certainly does not influence the timing or nature of my buying decisions.
Just did the same here as well.
2020 Dec LR White/Black int, 3100 miles with boost £48,800
What doesn't make sense is that older cars are being offered higher trade-ins. It seems Tesla don't want the brand new ones back just yet.
With the £5k uptick in price on a new M3, I also checked my 2022 M3 LR MSM trade-in value & got the same as the other two just above in this thread (£48,400). Not likely that I'd change it at this point, but I'd be a little bit tempted to switch to a MY LR if it was close to zero cost.
My car is a similar age to yours - SR+ Aug 2019 25k mile, MSM. Trade in quote today from Tesla £35,200. Yesterday it was £33,600!
Oh, better then me! I am trading my 2020 SR+ white 27k for £33,820 next Saturday. I go this quote 5weeks ago. Now all my finance is set I dont think I can change it. Shame.
Back in Sep-21, I sold my SR+ which was a Jul-19 vehicle, black/black for £37.4k via Motorway. It had 11k miles. That was before the fuel shortage. I’m sure it would have gone for more in the weeks that followed.
Well they were extremely rapid with my trade in application, I uploaded the photos yesterday and I have my tade in offer today!
2 problems though, first is the trade in offer is almost £1k less than the estimate, so I need to ask them why that is.
Second is that the trade in section on my account is now requesting a settlement letter for my current car's finance, which is a Tesla loan, obviously it won't be settled until I trade it in and they pay out for it, so how does that work?!
Currently in the queue on their support phone number.
2 problems though, first is the trade in offer is almost £1k less than the estimate, so I need to ask them why that is.
Second is that the trade in section on my account is now requesting a settlement letter for my current car's finance, which is a Tesla loan, obviously it won't be settled until I trade it in and they pay out for it, so how does that work?!
Currently in the queue on their support phone number.
