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What happened to the cpo inventory?

Discussion in 'Model S' started by Nototrader, Feb 17, 2016.

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  1. twonius

    twonius Member

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    #301 twonius, May 8, 2016
    Last edited: May 8, 2016
    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.
     
  2. Kenriko

    Kenriko Vendor

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    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.
     
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  3. twonius

    twonius Member

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    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
     
  4. Stan Moraski

    Stan Moraski Brownout

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    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.
     
  5. SabrToothSqrl

    SabrToothSqrl Active Member

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    Anyone have the depreciation curve of a 2013 S85 and 2015 S85D mapped? I'd like to know when I can expect a loaded S85D around $80k and what my car would be worth at that time :)

    is that too much to ask? lol.
     
  6. Zaphod

    Zaphod Galaxy President (former)

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    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.
     
    • Informative x 1
  7. CarlitoDoc

    CarlitoDoc Member

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    But you do not get the $7500 federal tax credit with CPO'd vehicles....correct?
     
  8. MorrisonHiker

    MorrisonHiker S 100D 2019.16.2

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    Correct. The $7500 federal tax credit is only for new cars. In Colorado there is a $6000 tax credit for new cars and for used cars (including CPOs) that haven't previously been registered in the state.
     
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  9. B-Bob

    B-Bob Member

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    CPO inventory is now back up. 93 listed.
     
  10. Skotty

    Skotty 2014 Model S P85

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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
     
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  11. twonius

    twonius Member

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    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)
     
  12. twonius

    twonius Member

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    Looks like prices finally returned to normal... a week after I confirmed my 60.
    [​IMG]
     
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  13. twonius

    twonius Member

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  14. JPUConn

    JPUConn Active Member

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  15. xav-

    xav- Active Member

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    That's nice I have not seen anything close to that in terms of pricing.
     
  16. Cowby

    Cowby Member

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    U just missed the P85 for 52k

     
  17. twonius

    twonius Member

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    #317 twonius, Jul 13, 2016
    Last edited: Jul 13, 2016
    That was fast.. I bet this one doesn't last long either.S85 for 48k CPO.

    Come on people, this is what we've all been whining about in the For Sale threads for the last 6 months :)

    85 kWh Model S P16991 | Tesla Motors
     
  18. Skotty

    Skotty 2014 Model S P85

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    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
     
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