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Transportation The Almighty Buck

Used Tesla Model S Sedans Sell Faster Than Any Other High-End Used Vehicle (marketwatch.com) 50

Posted by BeauHD from the retained-value dept.
According to a survey conducted by Autolist, "used Tesla Model S sedans sell faster than luxury-car competitors do, and faster than other top-selling used vehicles from Motor Co. and General Motors Co.," reports MarketWatch. From the report: Used Model S sedans had the briefest time on the market of all vehicles included in the survey, taking, on average, 87 days to sell. That was about 5% quicker than the average for vehicles in the model's peer group, which included the Audi A7, the Porsche Panamera, the BMW 6 Series, the Mercedes-Benz CLS and the Lexus LS 460. The listing prices of used Tesla Model S sedans were between 3% and 5% above their peer-group average for the past year, after controlling for price differences among the models, Autolist.com said. "We would expect top-performing vehicles in a peer group to have prices [about] 2% above our adjusted expectations for the segment. But 3% to 5% above, and maintaining that level of performance over the past year? That's surprising," Alex Klein, Autolist.com's vice president of data science, said in emailed comments.
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Used Tesla Model S Sedans Sell Faster Than Any Other High-End Used Vehicle More

Used Tesla Model S Sedans Sell Faster Than Any Other High-End Used Vehicle

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  • AP1 and free supercharging? (Score:1)

    by Anonymous Coward

    Perhaps AP1's higher current capability and free supercharging on pre January '17 cars helped this a bit.

    -- 3/17 Model S 75D owner

    • Speed of sale is also relative to number of items on the market. But maybe that's a bit too complicated of a factor to consider. Keep it simple, stupid.

      • Re: (Score:2)

        by AmiMoJo ( 196126 )

        Tesla guarantees resale value for the first few years too, so the used market will never offer cars for less than Tesla will buy them back for. Since Tesla's offer is average for a luxury car, the private resale value will always be above average.

        • Tesla guarantees resale value for the first few years too, so the used market will never offer cars for less than Tesla will buy them back for. Since Tesla's offer is average for a luxury car, the private resale value will always be above average.

          Which really has nothing to do with the topic at hand. You may want to read the fine print of the Tesla 'guarantee' before you tout it.

      • Used Model S sedans had the briefest time on the market of all vehicles included in the survey, taking, on average, 87 days to sell.

        Since when did selling a car in just under 3 months qualify as quick?

        • Used Model S sedans had the briefest time on the market of all vehicles included in the survey, taking, on average, 87 days to sell.

          Since when did selling a car in just under 3 months qualify as quick?

          Hah. I sold my old 99 rusty Silverado pickup last year in 3 days.

        • They didn't say it was quick, they said it was the quickest luxury car. What qualifies as a luxury car? Any one that sells slower than the Tesla S.

  • Not Surprising (Score:4, Interesting)

    by Luthair ( 847766 ) on Thursday April 13, 2017 @08:51PM (#54232059)
    For every other luxury car maker there are 20+ years of used cars on the market. So for those models they're not only competing with their own model year, they're competing with the previous generation. Further, I'm not sure if it holds true for Tesla, but higher end sedans are typically leased so there is a continual supply of cars a few years old entering the used market.

    • For every other luxury car maker there are 20+ years of used cars on the market. So for those models they're not only competing with their own model year, they're competing with the previous generation. Further, I'm not sure if it holds true for Tesla, but higher end sedans are typically leased so there is a continual supply of cars a few years old entering the used market.

      What is the definition of 'luxury'? Back in the day it was easy, electric windows, aircon, leather etc we're only found in 'luxury' cars, but even the Toyota Corolla has all that now.
      Personally, I think the Tesla S looks ok on the outside, but the inside doesn't have much luxury vibe to it. Very sparse and plain looking. The Tesla X just looks like some cheap Chinese garbage. It's all fat and egg shaped and has warped proportions. Compare the less expensive Porsche Macan or Audi SQ5 which is how a luxury S

  • Why are Tesla owners selling their cars so fast? Are they in a hurry?
    • We aren't selling our 4 year old Tesla because we bought the 4 year extended warranty, so ours has 8 years everything but tires warranty. We don't have the hardware needed for autopilot though so we can't enjoy any self driving goodies the newer models have. If we weren't in belt tightening mode, we might trade it in anyway to get the self driving stuff...
      • It's interesting that you are in a "belt tightening mode" yet you still spend over $60k on such a frivilous enjoyment. Most people I know who are in "belt tightening mode" have vehicles less than $10K.
        • Ahh those heady years when my kids graduated from college and I had some extra money... Now it's a priority to put more money away for retirement. Frivolous maybe - enjoyment definitely.

  • People want electric vehicles they can hook up to their solar panels and battery pack and charge for free, excluding of course up front capital cost. They get the added benefit of a long term ego boost of being less of a planet polluter, not just exhaust but also noise, as a bonus they also get to thumb their noses at a bunch of extremely disliked corporations. The message is, stop being anal retentive, accept the design losses and infernal combustion engine plant losses and make the switch. Do it early rat

    • "Make the switch"?? My car is a 2006 model, and it seems to be running fine. I will buy another like it when it quits working. How am I going to be 'crushed in the collapse?' You make no sense.

      • "Make the switch"?? My car is a 2006 model, and it seems to be running fine. I will buy another like it when it quits working. How am I going to be 'crushed in the collapse?' You make no sense.

        Presumably when all the gas stations disappear overnight. Or something. Rubble rubble...

      • Ahhh 2006. Quite the border between built to last and doomed to fail. You will make the switch to something soon. The days of keeping a 30 year old engine ticking along ended 30 years ago.

    • Re: (Score:3)

      by ledow ( 319597 )

      I have no problem with electric cars.

      But I literally bought a brand new car last year. It's petrol-based.

      The reasons? The electric models cost twice as much. They didn't go as far. I'm not a boy racer so the thing they do win on (acceleration) doesn't interest me at all (in fact, I think it should be limited because people will start to rely on it and expect it and it's completely unsuitable for "around town" especially given that they are so quiet).

      I wouldn't be able to kit out my house to charge it in

    • Less of a planet polluter? I've never seen the final decision on whether the manufacturing of the vehicle and the use of large rare-mineral magnets overcomes the positive effect of electric power or not.
  • Thanks BeauHD. It is so interesting to know that Teslas sell better than high end cars from Motor Co. As a special thank-you, you don't have to read or edit the next story that you promote. (I figured you were not going to start now anyway.)

  • small market (Score:3)

    by Tom ( 822 ) on Friday April 14, 2017 @02:10AM (#54232891) Homepage Journal

    They are selling fast because there are not many on the market. I checked recently, as I'm shopping for a new car, and the closest one was 150 km away from me. And there were about 5 or 6 in the entire german speaking area (Germany, Austria, Switzerland).

  • Basic economics (Score:4, Interesting)

    by MMC Monster ( 602931 ) on Friday April 14, 2017 @10:37AM (#54234359)

    Sounds like basic economics of supply and demand.

    The total number of Tesla Model S vehicles is small. Therefore the number on the second hand market is small. Add that to the hype of the car and associated demand and you end up with user cars that sell fast at a premium of similar priced luxury cars.

    As a Tesla owner, I'm not sure I would trust a Tesla being bought from another owner and would certainly pay a premium for a "certified preowned" model. This is because a damaged battery (due to draining it completely) is not something that would be obvious on physical inspection or even test drives.

    While Tesla batteries are warrantied for 8 years/unlimited miles, the warranty is void if the battery is damaged by draining it to 0%.

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