The second-hand Tesla Model 3 is now the best-selling model in the US second-hand car market. It is very popular, and some vehicles even sell for more than new cars. The chip shortage problem affecting the automotive industry has gradually spread to the used car market.
Due to production restrictions, it may become very difficult to buy a new car at this time. This situation has led many consumers to turn to the used car market. However, the stocks of used cars everywhere are also very low.
The US tax credit policy stipulates that in order to promote the use of electric vehicles in the United States, consumers will enjoy a tax credit of $7,500 after purchasing a new electric vehicle. But once a certain auto manufacturer delivers 200,000 electric vehicles in the United States, the tax credit for electric vehicles of the manufacturer will be phased out in the following four quarters.
The delivery of Tesla electric vehicles in the United States has already exceeded 200,000, and consumers no longer enjoy the tax credit when buying new Tesla vehicles. Therefore, the price of these cars will not be below when they become second-hand cars for sale.
According to the automotive market research platform iSeeCars, although Tesla’s second-hand car prices are not low, the shortage of car chips has led to insufficient delivery of electric cars. Tesla electric cars are still the best-selling products in the market, especially the second-hand Model 3.
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The latest research by iSeeCars shows that second-hand Model 3 can be sold in an average of 16 days, about half of the industry average, which is nearly 4 days faster than the second-selling Mitsubishi Outlander.
In the US used car best-selling list in September, in addition to Model 3 and Outlander ranked first and second, Toyota Prius (PRIUS) ranked third, Honda Insight fourth, Mitsubishi ECLIPSE CROSS fifth and Tesla Model X ranked fifth.
Currently, the Model 3 new car market starts at US$42,000, but its second-hand car sells for a higher price of US$47,400, which is much higher than Outlander (US$20,849), which ranks second in the second-hand best-selling list. The second-hand Model X is priced at US$80,636.