CarMax’s 2023 Electric Vehicle Consumer Report presents fascinating insights into the current state of the EV market. Notably, all four of used Tesla cars have secured a spot in the top 10 list of the most sought-after used EVs. While this result is unsurprising considering Tesla’s widespread popularity, it’s worth noting that the new market’s more affordable prices have made the brand’s EVs even more appealing to consumers.
it’s also important to highlight CarMax’s recent findings before delving into specific details regarding used Teslas. According to their data, search volume on CarMax’s site with the term “electric” has doubled in February 2023 compared to the same period in the previous year. Furthermore, CarMax reports that the Tesla Model 3 and Model Y were the two most popular EVs on their website in February 2023, followed by the Nissan Leaf, Ford Mustang Mach-E, and Chevrolet Bolt EV. It’s noteworthy that both the Tesla Model S and Model X have also secured a place in the top 10 list, alongside other models such as the BMW i3, and Jaguar I-Pace.
From September 1, 2022, through February 28, 2023, the majority of EV shoppers traded in SUVs. However, among Model 3 shoppers, the most commonly traded-in vehicle was the Honda Civic, with the Toyota Tacoma being a close second. Notably, as we previously stated, Toyota’s cars were the most frequently traded-in models among EV purchasers.
The pre-owned car dealer also displays the mean prices of the different models, with the highest-rated Tesla Model 3 listed at $37,000. Presently, you can snag a brand-new Model 3 for $39,990 before any bonuses. On the other hand, the Model Y has an average price of almost $48,000 at CarMax, with the Model S and X coming in at approximately $63,000 and $72,000, correspondingl
Recently, used Tesla cars were believed to have lost value rapidly, but they’ve held their value better than many other cars. With fluctuating prices in the new and used markets, it’s crucial to stay up-to-date to make a wise financial choice.
