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.

Comments

Not Surprising

[Luthair]

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.

Re:The real question is...

[Smidge204]

#2a - The lease is up.

Lease expires, user returns it to Tesla who then resells it as a used vehicle.
=Smidge=

Basic economics

[MMC Monster]

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%.