Recurrent publishes a used EV market report each quarter to help buyers and sellers follow trends. For an EV owner, it helps them consider the right time to sell or trade in their vehicle. For a prospective EV owner, it helps them find the best values -- "Hmm 🤔 2019 VW e-Golf prices are now within my price range!"
Used Tesla prices, in particular, are always fluctuating. So many variables affect them.
- Price increases for new models
- Full self driving (FSD) rates and other feature releases
- New model delivery delays
- A single CEO tweet
We realized that a report every 3 months is too infrequent for Tesla enthusiasts and car dealers who are seeing them as trade-ins. That's why we are excited to announce a free monthly newsletter.
On the first Thursday of each month, subscribers receive a summary of used Tesla prices that is aggregated from 50,000 car dealers and a recap of the latest trends and announcements. Use this form to sign up.
Other Helpful Resources
- Are you a current Tesla owner? Connect your car to get monthly EV reports. These reports help you monitor your Tesla and its battery to maximize its battery lifespan.
- Shopping for a used Tesla? Check out our Tesla battery guides and tools for shoppers.
- Are you a dealer that sells used Teslas? We offer vehicle condition reports to help your customers find the right EV.
Used EV prices are leveling off from a market high, but remain well above pre-summer values. We charted the average prices of three popular Tesla model-year combinations to capture that growth.
This data is aggregated from thousands of US dealerships and presented in US dollars.
What We’re Watching
Demand for Teslas - both new and used - is incredibly high. Deliveries of some models are delayed up to a year and Hertz's recent order for 100,000 vehicles does not help to expedite consumer orders.
It should not surprise us that Tesla raised retail prices $2,000 to $5,000 across most models in October, only months after price increases across Q1 and Q2. The good news would be that Tesla is opening new plants in Texas and Germany to keep up with demand. Standard range models will also be switching to LFP (lithium-ion-phosphate) batteries, with rumors that this will help stabilize prices.
What We’re Reading
- Hertz Orders 100,000 Teslas for Its Rental Fleet (Auto Week)
- Tesla Quietly Raises Prices on Four of Its EVs (The Verge)
- Tesla Model 3 Is Now the Quickest-selling Used Car (Electrek)
- Tesla Standard Range Batteries Changing to LFP Chemistry (CNBC)