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Discussion in 'Model S' started by Nototrader, Feb 17, 2016.
Went from 400 to 137 cars. Is that possible or a mistake?
What just happened to CPO listings?
I peruse the official CPO site and ev-cpo.com for fun (already took delivery of my CPO), but I just noticed a pretty huge change. I checked earlier today so this must have just happened. Did total listings (as shown on ev-cpo.com) just drop from like 400-ish to <150? The lowest price S earlier today was around $50k, but now it's ~$59k. What just happened? Tesla remove a bunch for some reason?
It happens every so often that Tesla pulls them then re-adds them, not sure why. This also didn't just happen, it was like this this morning.
ah. I guess it took a while for my browser to refresh.
Actually it was mostly sometime between 4:15p and 6:30p Central time. I checked the logs on my scanner and that's the time range when it dropped off. (there was 379 at 4:15 pm, 196 at 6:15 pm, 137 at 6:25 pm, and down to 125 at 7:15 pm)
Yup, between 6:30pm and 7pm ET.
Canada is down to 5 CPO cars (from 25 or so before), which would be an odd thing to do intentionally. If I was to guess, some kind of website maintenance, maybe mass repricing, maybe refilling loaner fleets, or maybe simply someone in IT dropped the wrong table in the database and waiting for the senior geek to come to work in the morning? ;-)
They are preparing for half off sale (fingers crossed !)
The MS loaner I got 2 weeks ago at the Dallas SC was VIN 16k, from mid-2014. It's hard to believe it's been a loaner this long, I suspect it's a CPO car? If so, that would explain sudden decreases in CPO inventory. They pull CPO cars to use as loaners when they're low.
VIN 16xxx would be a mid-2013 car. (I know, I have one!).
I don't think they're going to pull 75% of their CPO inventory to use a loaners.
Something else is going on.
They can still have a car listed as a CPO car and still use it as a loaner. In fact several forum members have posted that they were given a loaner that is listed as a CPO car.
Most CPO cars are loaners, that is way it takes longer to get photo's an info and to get the car to you. Most, not all are not sitting in a lot to be sold like a used car lot.
In the past haven't we seen Tesla sell a bunch of CPO's all at once to wholesalers?
Dropped to 102 overnight. *eyebrow raise*
Yes, Texas Auto Direct. Usually mid month of the last month of the quarter.
Why not offer the cars to customers looking to buy at the same lower price offered to a wholesaler?
It would drag down the perceived value of the more desirable CPO cars in inventory.
Inventory cars are also down. My service center told me I might not get a Model S loaner because most of them were sold off.
But isn't this a matter of incurred depreciation and what the market will pay?
Assuming the wholesaler marks the price of the car up and manages to price it at a point where it will sell, didn't Tesla just loose that delta between the price Tesla sold the car to the wholesaler and the price a consumer paid to buy the car from a wholesaler?
Wouldn't tesla then be forgoing revenue for the sake of trying to artificially hold up the value of a car beyond what the market is willing to pay?
I hope Tesla doesn't think they can just get rid of the cars because people can buy new. I don't have $90K to spend on a car. I do have $65K. If I can't find a CPO car, I'm not buying.