Slashdot Mirror
Used Tesla Model S Sedans Sell Faster Than Any Other High-End Used Vehicle (marketwatch.com)
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.
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.
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).
Assorted stuff I do sometimes: Lemuria.org
#2a - The lease is up.
Lease expires, user returns it to Tesla who then resells it as a used vehicle.
=Smidge=
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%.
Help! I'm a slashdot refugee.
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 any sensible time (solar in my area just isn't viable, I've had this discussion any number of times). I have a 100A charging socket on the outside wall, which runs an electric kiln. I'd have to seriously upgrade the house electrics and add another point to get to the stage I could sensibly charge an electric car even overnight. That would cost thousands, and mean getting someone to re-certify all my household electrics and maybe upgrade the incoming household power (100A, 220V max at the moment).
I can't take the car on driving holidays. Sure, I could use something else, but with hours of charging gaps, including hours of trying to FIND an electric charging point that doesn't trickle-charge, just destroys the concept of travelling by car rather than commuting.
I did 5000 miles around Europe in one trip, stopping only to camp. Even the camping time wouldn't be enough to charge at the standard rates, even if I paid the campsites for their standard charging points. That's only going to get worse when EVERYONE has an electric car as you'll need 400A feeds to multiple charging points, which is blowing all the green credentials out of the water (no, you can't "just charge on a schedule to reduce peak load" - peak load is peak because that's when most people want to use it!).
Also, I can't name many electric charging points near my house. There are some, I know, but I wouldn't know where they are because they are so unadvertised and rare. The only one I *know* is in a council car park that closes at 8pm. There's another in a supermarket down the road. That's in a town with hundreds of thousands of people. By comparison, if I was to drive to those two places I would pass 4-5 petrol stations. None of those stations have an electric charging point, by the way.
Then for most modern cars you need to lease the battery. Sorry, I don't do that. That's like DLC for a car. I buy outright, so that I own the vehicle.
So, without any serious moral objections to an electric car (hell, we had electric milkfloats in the 60's doing the rounds on every street), with the money to buy a new car outright, with the capability to upgrade my house to make a new charging point, within miles of central London, in a huge large town full of people, with the knowledge that oil is going to run out, but with standard usage of my vehicle as I've done since I learned to drive... electric just can't even figure in my plans, really.
Sure, I can accept tons of limitations. Use the car only for work. Use the car only in the day. Take the car and leave it charging every few days while I go shopping. Hope that there is always going to be a charging space. Spend a lot of money on my house. Always have to plan to use it for an airport run in the middle of the night.
But then I'm not only out lots of money, pretty much the same amount in fact, but I also have lots of inconvenience and life-changes to make. And I'm reliant on public transport, air travel, renting cars on holiday, etc. etc. etc.
Technically, it would actually translate to "stop using your car" as the most efficient way of helping, which I could have done 20+ years ago if that was something viable, and which I wanted to actually do.
I'm sure, in time, when the power companies wake up and put nuclear everywhere, we can all be upgraded to 1000A incoming power for ordinary housing, and then old cars will all die because there is no compelling reason to keep them. But, by my calculations, that's AT LEAST th
Since when did selling a car in just under 3 months qualify as quick?
Ken