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What happened to the cpo inventory?

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Just talked to a Rep at the local Tesla store. They definitely have inventory at their fingertips.

Pricing is typically about $10k more than the levels seen in Dec 15 - Feb 16, Which is not outrageous when you look at the RVG on these cars + the cost of a warranty + some markup. It's also about in line with what i paid for my last CPO car (about 2/3s of original MSRP on a Honda S2000)

Compared to a lot of the private party deals out there, I'd take a hard look at this option first if warranty was important.

If i was a current owner I'd be pretty happy about this since they seem to be keeping resale values up (otherwise we'd probably be seeing a lot of S85s in the mid 40s right now)

on the flip side with 3 year old S85s pushing into the 60's I'd be really tempted to just go for an inventory S70. It's a small price bump up, better screwed together, can have AP, Dual Motor etc. and of course will have 3 years more life in it.

This seems to be an artifact of the Tax credit, which is kind of the point.
 
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Just talked to a Rep at the local Tesla store. They definitely have inventory at their fingertips.

Pricing is typically about $10k more than the levels seen in Dec 15 - Feb 16, Which is not outrageous when you look at the RVG on these cars + the cost of a warranty + some markup. It's also about in line with what i paid for my last CPO car (about 2/3s of original MSRP on a Honda S2000)

Compared to a lot of the private party deals out there, I'd take a hard look at this option first if warranty was important.

If i was a current owner I'd be pretty happy about this since they seem to be keeping resale values up (otherwise we'd probably be seeing a lot of S85s in the mid 40s right now)

on the flip side with 3 year old S85s pushing into the 60's I'd be really tempted to just go for an inventory S70. It's a small price bump up, better screwed together, can have AP, Dual Motor etc. and of course will have 3 years more life in it.

This seems to be an artifact of the Tax credit, which is kind of the point.

You can only keep up the price so long before the market adjusts to a more realistic level. With the new 70 refresh which are still eligible for the tax credit and lower interest rates the market for selling 2012/2013 models is going to be tough if they try to prop it in the 50s/60s for an extended period of time.
 
You can only keep up the price so long before the market adjusts to a more realistic level. With the new 70 refresh which are still eligible for the tax credit and lower interest rates the market for selling 2012/2013 models is going to be tough if they try to prop it in the 50s/60s for an extended period of time.

It seems that as long as the production problems on the X continue Tesla will hold on to the used inventory to fill loaner demand and charge a premium for it if they let one go.

I guess without dealers they have a bit more ability to maximize returns instead of having their dealer network flipping trade ins
 
I haven't seen any CPOs listed for weeks now. The guy who sold me mine said they are flying off the lots as soon as they are available. I feel like I may have gotten the last, best deal: 2013 brown P85 with 31K miles for $54,000 in early Feb. Original sticker was $110,000!

Feeling lucky and Blessed I took the leap! Love, love, love the car.
 
I haven't seen any CPOs listed for weeks now. The guy who sold me mine said they are flying off the lots as soon as they are available. I feel like I may have gotten the last, best deal: 2013 brown P85 with 31K miles for $54,000 in early Feb. Original sticker was $110,000!

Feeling lucky and Blessed I took the leap! Love, love, love the car.
CPOs are out there, but people have to reach out to advisors to get anywhere. With the glut of inventory cars, I feel they are trying to push those more first.

I'm being offered very similar car as yours but with ~45K miles for $53.6K right now.
 
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More stats -- gives an idea of the dwindling CPO availability and the return of some sometime between 5/12 and 5/18. I was kind of surprised to see that when the CPO's came back (at least some of them anyway), the count of those under 60K was actually substantially higher than those in range 60K - 80K (40K is generally bottom end for an S right now, so those groups should be roughly comparable in range).

4/7/2016

Total records searched: 284

Count distinct occurrences -- cpoInv
Inv occurs 273 times
CPO occurs 11 times
Count distinct occurrences -- year
2016 occurs 250 times
2015 occurs 24 times
2014 occurs 8 times
2013 occurs 2 times
Average -- price
$113,658.80
Minimum and Maximum -- price
Minimum: $68,000.00
Maximum: $142,700.00
Matches for LESS_THAN 60,000 -- price
0
Matches for GREATER_THAN_OR_EQUALS 60,000 and LESS_THAN 80,000 -- price
8
Matches for GREATER_THAN_OR_EQUALS 80,000 -- price
276


4/22/2016

Total records searched: 420

Count distinct occurrences -- cpoInv
Inv occurs 418 times
CPO occurs 2 times
Count distinct occurrences -- year
2016 occurs 385 times
2015 occurs 34 times
2014 occurs 1 times
Average -- price
$111,746.79
Minimum and Maximum -- price
Minimum: $73,100.00
Maximum: $142,700.00
Matches for LESS_THAN 60,000 -- price
0
Matches for GREATER_THAN_OR_EQUALS 60,000 and LESS_THAN 80,000 -- price
2
Matches for GREATER_THAN_OR_EQUALS 80,000 -- price
418


5/12/2016

Total records searched: 382

Count distinct occurrences -- cpoInv
Inv occurs 382 times
Count distinct occurrences -- year
2016 occurs 353 times
2015 occurs 29 times
Average -- price
$110,653.40
Minimum and Maximum -- price
Minimum: $80,950.00
Maximum: $142,450.00
Matches for LESS_THAN 60,000 -- price
0
Matches for GREATER_THAN_OR_EQUALS 60,000 and LESS_THAN 80,000 -- price
0
Matches for GREATER_THAN_OR_EQUALS 80,000 -- price
382


5/18/2016

Total records searched: 498

Count distinct occurrences -- cpoInv
Inv occurs 408 times
CPO occurs 90 times
Count distinct occurrences -- year
2016 occurs 377 times
2013 occurs 69 times
2015 occurs 32 times
2014 occurs 18 times
2012 occurs 2 times
Average -- price
$100,190.34
Minimum and Maximum -- price
Minimum: $47,250.00
Maximum: $139,700.00
Matches for LESS_THAN 60,000 -- price
72
Matches for GREATER_THAN_OR_EQUALS 60,000 and LESS_THAN 80,000 -- price
20
Matches for GREATER_THAN_OR_EQUALS 80,000 -- price
406
 
Ok this is interesting. Plenty of 60s listed for sale. very few 85s. I guess the demand for loaners is decreasing somewhat but perhaps we're not back to normal.

At some of the prices I've seen I think I'd be sorely tempted to just get a new car. (feature not a bug)
 
Looks like prices finally returned to normal... a week after I confirmed my 60.
regret-nothing-hedonismbot-1.jpg
 
I haven't seen any CPOs listed for weeks now. The guy who sold me mine said they are flying off the lots as soon as they are available. I feel like I may have gotten the last, best deal: 2013 brown P85 with 31K miles for $54,000 in early Feb. Original sticker was $110,000!

Feeling lucky and Blessed I took the leap! Love, love, love the car.
That's nice I have not seen anything close to that in terms of pricing.
 
Time for some new stats. Including 2 older stat runs, one at the end of the CPO purge, 1 shortly after when CPOs reappeared, and one from today, which is interesting to compare against the prior.


5/12/2016

Total records searched: 382

Count distinct occurrences -- cpoInv
Inv occurs 382 times
Count distinct occurrences -- year
2016 occurs 353 times
2015 occurs 29 times
Average -- price
$110,653.40
Minimum and Maximum -- price
Minimum: $80,950.00
Maximum: $142,450.00
Matches for LESS_THAN 60,000 -- price
0
Matches for GREATER_THAN_OR_EQUALS 60,000 and LESS_THAN 80,000 -- price
0
Matches for GREATER_THAN_OR_EQUALS 80,000 -- price
382


5/18/2016

Total records searched: 498

Count distinct occurrences -- cpoInv
Inv occurs 408 times
CPO occurs 90 times
Count distinct occurrences -- year
2016 occurs 377 times
2013 occurs 69 times
2015 occurs 32 times
2014 occurs 18 times
2012 occurs 2 times
Average -- price
$100,190.34
Minimum and Maximum -- price
Minimum: $47,250.00
Maximum: $139,700.00
Matches for LESS_THAN 60,000 -- price
72
Matches for GREATER_THAN_OR_EQUALS 60,000 and LESS_THAN 80,000 -- price
20
Matches for GREATER_THAN_OR_EQUALS 80,000 -- price
406


7/15/2016

Total records searched: 352

Count distinct occurrences -- cpoInv
Inv occurs 286 times
CPO occurs 66 times
Count distinct occurrences -- year
2016 occurs 237 times
2015 occurs 49 times
2013 occurs 43 times
2014 occurs 15 times
2012 occurs 8 times
Average -- price
$100,887.39
Minimum and Maximum -- price
Minimum: $45,100.00
Maximum: $130,700.00
Matches for LESS_THAN 60,000 -- price
56
Matches for GREATER_THAN_OR_EQUALS 60,000 and LESS_THAN 80,000 -- price
12
Matches for GREATER_THAN_OR_EQUALS 80,000 -- price
284

Some folks interested in trim counts, so here's that too (for 7/15):

Count distinct occurrences -- trim
P90D occurs 215 times
90D occurs 45 times
S60 occurs 38 times
S85 occurs 18 times
P85D occurs 9 times
85D occurs 7 times
70D occurs 7 times
P85 occurs 5 times
P85+ occurs 4 times
S70 occurs 4 times