{"id":39296,"date":"2022-12-31T00:03:44","date_gmt":"2022-12-31T05:03:44","guid":{"rendered":"http:\/\/autosector.com\/?p=39296"},"modified":"2022-12-31T00:03:44","modified_gmt":"2022-12-31T05:03:44","slug":"now-is-a-great-time-to-buy-a-used-tesla","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=39296","title":{"rendered":"Now is a great time to buy a used Tesla &#8211; Autoblog"},"content":{"rendered":"<figure><figcaption>\n   Prices for Tesla&#8217;s<br \/>\n  <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/cars-for-sale\/vcond-Used\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:0;\">used cars<\/a> are dropping fast amid fears of slowing demand for its cars.<br \/>\n  <span class=\"copyright\">Kent Nishimura \/ Los Angeles Times via Getty Images<\/span><br \/>\n <\/figcaption><\/figure>\n<ul class=\"summary-list\">\n<li>Prices for <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/cars-for-sale\/make1-Tesla\/vcond-Used,CPO\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:1;\">used Teslas<\/a> are dropping faster than the rest of the used-car market, Reuters reported.\u00a0<\/li>\n<li>Secondhand <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/tesla\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:2;\">Tesla<\/a> prices dropped by some $11,500 between July and November.\u00a0<\/li>\n<li>Tesla investors are worried about waning demand for the company&#8217;s <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/electric\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:3;\">electric cars<\/a>.\u00a0<\/li>\n<\/ul>\n<p>If you&#8217;ve been holding out to buy a Tesla until prices came down, your wait may be over.\u00a0<\/p>\n<p>Prices of secondhand Teslas have dropped faster than used cars from other brands, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-used-car-price-bubble-pops-weighs-new-car-demand-2022-12-27\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:4;\">Reuters reported Tuesday<\/a>, citing data from Edmunds. It may be great news for buyers who have <a href=\"https:\/\/www.businessinsider.com\/electric-car-problems-reasons-not-to-buy-yet-2022-12?utm_medium=referral&amp;utm_source=yahoo.com\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:5;\">delayed an electric-car purchase because they&#8217;re too expensive<\/a>.\u00a0<\/p>\n<p>In July, the average used <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/tesla\/model+3\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:6;\">Model 3<\/a>, S, X, or Y would have cost you $67,297. But by November, prices slid 17% to $55,754. <a href=\"https:\/\/www.businessinsider.com\/used-car-prices-drop-2023-best-deals-cheapest-2022-12?utm_medium=referral&amp;utm_source=yahoo.com\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:7;\">Used-car prices on the whole are also coming down<\/a> after years of short supply, but not as sharply, dropping 4% over the same period, according to Edmunds data.\u00a0<\/p>\n<p>Teslas are also sitting on used-car lots for longer than other brands&#8217; vehicles: 50 days as opposed to 38 days, Edmunds said. Declining <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/cheap-gas-prices\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:8;\">gas prices<\/a>, competition from other brands, and high interest rates are all contributing to the dropping prices, Reuters reported.\u00a0<\/p>\n<p>Used Teslas losing value could impact demand for the brand&#8217;s <a class=\"injectedLinkmain\" href=\"https:\/\/www.autoblog.com\/research\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:9;\">new cars<\/a>, Karl Brauer, executive editor at the car search engine iSeeCars.com told Reuters. People who bought new Teslas over the last couple of years could often flip them for a profit, Brauer said, but that&#8217;s not possible anymore.\u00a0<\/p>\n<p>Tesla shares have been in a downward spiral amid <a href=\"https:\/\/www.businessinsider.com\/elon-musk-twitter-tesla-slash-prices-inventory-investors-2022-12?utm_medium=referral&amp;utm_source=yahoo.com\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:10;\">fears that demand for its cars is waning<\/a> after years of ferocious growth. The company <a href=\"https:\/\/www.businessinsider.com\/tesla-elon-musk-offering-rare-discount-model-3-y-cars-2022-12?utm_medium=referral&amp;utm_source=yahoo.com\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:11;\">discounted some of its cars by $3,750 in December<\/a>, then <a href=\"https:\/\/www.businessinsider.com\/tesla-discount-model-3-model-y-7500-2022-12?utm_medium=referral&amp;utm_source=yahoo.com\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:12;\">doubled the deal just a week later<\/a>. And the automaker is reportedly <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-run-reduced-output-shanghai-january-plan-shows-2022-12-27\/\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:13;\">slowing down production in China<\/a>, the world&#8217;s biggest car market.\u00a0<\/p>\n<p>As of Wednesday morning, Tesla shares were down more than 70% this year.\u00a0<\/p>\n<div class=\"read-original\">\n  Read the original article on<br \/>\n <a href=\"https:\/\/www.businessinsider.com\/tesla-price-used-dropping-model-y-3-x-s-deals-2022-12\" data-ylk=\"elm:context_link;itc:0;pos:1;sec:donut-hole;cpos:14;\">Business Insider<\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prices for Tesla&#8217;s used cars are dropping fast amid fears of slowing demand for its cars. Kent Nishimura \/ Los Angeles Times via Getty Images Prices for used Teslas are dropping faster than the rest of the used-car market, Reuters reported.\u00a0 Secondhand Tesla prices dropped by some $11,500 between July and November.\u00a0 Tesla investors are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[],"class_list":["post-39296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/39296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39296"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/39296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39296"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}