Saturday, November 26, 2022
News The Tesla Model S Stands Out When it Comes to Used Car...

The Tesla Model S Stands Out When it Comes to Used Car Resale Value

  • Tesla Model S pre-owned resale values are going up

Used cars have been exploding in value in recent months, a trend explained by the limited number of new cars available on the market because of the global microprocessor shortage.  One particular used car, the Tesla Model S, appears to be doing even better than its peers.

The news comes from InsideEVs which received data from Capital One’s Auto Learning Center. It appears that the Tesla Model S preserves a larger percentage of its original value compared to competitors from Audi, BMW, and Lexus. The data compiled suggests that a Tesla Model S from the 2012 to 2015 generation retains 38% of its original value compared to around 22% for similar models.

The resale value of Tesla vehicles has been a subject of debate for some time. Because the brand is relatively new still, having introduced its first model 10 years ago, and because it only reached significant sales volumes a few years ago, there just isn’t a lot of data to compile a definitive resale value guide for Tesla vehicles.

That said, the huge demand for Tesla which is running into production delays of its own like every other automaker means that pre-owned vehicles are seeing a bump in value.

Moreover, the reliability and long-term durability data on Tesla vehicles suggests that their reliability is nothing to worry about even after 5 years. The next few years will be even more telling when it comes to resale value as we will begin to see more and more Tesla Model 3 sedans and Tesla Model Y SUVs on the pre-owned market. For now, however, it appears that anybody looking for a Tesla vehicle today on the pre-owned market will have to pay a premium.

Trending Now

Mercedes EVs will Offer a $1,200 Yearly Subscription to Unlock More Power

Mercedes is already offering some features on a subscription basis in China. The power increase will allow a reduction in the 0 to...

Faraday Future Again Uncertain About its Financial Situation

The EV start-up has been on the brink of bankruptcy a few times before. The company delayed the first deliveries of its FF91...

Nissan is Working on a New Platform of the R36 GT-R

The next generation of the GT-R could get a hybrid powertrain, depending on market needs. This model will use an entirely new platform,...

This Chevrolet 3100 is the most beautiful EV you’ll see all day

The Californian firm will start production of this electric pickup in 2024 at a starting price of $159,000 US. The Chevrolet truck delivers...

Mazda Talks Electrification in Canada

EV update for Canada shows a long wait Two new PHEV models coming next year Mazda just gave Canadians an update on its electric...
Charles Jolicoeur
Charles Jolicoeur was studying to be a CPA when he decided to drop everything and launch a car website in 2012. Don't ask. The journey has been an interesting one, but today he has co-founded and manages 8 websites including EcoloAuto.com and MotorIllustrated.com as General Manager of NetMedia360. He also sits on the board of the Automotive Journalists Association of Canada. Send me an email

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.