Are you thinking about selling your Tesla? Used cars have fallen

Used car shoppers can make a deal Electric Vehicles (EVs) According to a new report, EV prices have fallen more than last year, with used Tesla prices falling more than other brands.

a Studying with ISEECARS Last year, the average price for 1-5-year-old user cars fell slightly, down 0.8%, which would result in a price drop of $239 as of February.

In contrast, used EV prices have fallen 15.1% over the past year, representing a price drop of $5,709. This continues to trend backwards for the past six months, with EVs used falling from 15% to 20%.

Among the various brands surveyed, Tesla used The vehicle saw its largest average price drop from the previous year, falling $5,013 or 13.6%. This is a few percentage points larger than the rest of the top five biggest price drops, surpassing Maserati (10.6%), Chrysler (7.6%), Chevrolet (6.5%) and Genesis (4.8%).

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“Some mainstream and premium brands have had a massive used car price drop in terms of percentage over the past year,” said Karl Blauer, executive analyst at ISEECARS. “But only Tesla and Maserati have lost more than $5,000 in dollar value.”

Among the used EV models analyzed in the study, Porsche Teikan Prices fell the far lower, down 26.5% to an average price of $73,976. The used Tesla model ranked second and third, with the Model S price down 16.2% to $49,366, while the Model Y price down 15.9% to $31,247.

“Electric car shoppers looking for cars under $25,000 have several options, including Nissan Leaf, which averages under $17,000,” Brower said.

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other EV used Based on the average $25,000 threshold, includes Hyundai Kona at $20,329 after a 13.4% drop in price, followed by Kia Niro at $21,758. The Tesla Model 3 is close to that level, with an average price of $26,354 after a 13.5% drop.

Both gas-powered used and hybrid vehicles experienced far more price stability than used EVs over the past year, and a very conservative decline was observed in this study.

The average price of hybrid vehicles in use has dropped by just 0.5% from a year ago, with an average price dropping by $156 to $29,881. The used internal combustion engine vehicle showed a 0.5% drop in price compared to last year, down $153 to $31,281.

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“It’s not easy to find a big deal in today’s used car market,” Brower said. “However, if an electric vehicle can meet your personal transport needs, most second-hand models have significantly reduced costs over the past year, especially compared to gas and hybrid models.”