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Monday 27 March 2023
Tesla Model 3 leads a nosedive in used EV prices
Used car prices have fallen sharply over the past year, led by the Tesla Model 3, according to new analysis from iSeeCars.
Overall used car prices are down 4.7% from September and 8.7% from a year ago, according to the analysis, which is based on the average listing prices of over 1.8 million 1-5-year-old used car sales in Feb. 2022 and 2023—not necessarily the final selling price.
Based on that data set, average used Model 3 prices are down 21.5% since Sept. 2022, making it the used car that has taken the steepest pricing nosedive in the past six months. The Tesla was also in the top five vehicles was also in the top five for year-over-year price declines, with asking prices down 19%.
Read the whole story on greencarreports.com