These are the best-selling used EVs – and what’s being traded in for them
Used car retailer CarMax just released its latest used EV sales data, and while the leaders are the same, their prices aren’t.
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Tesla trade-in values are holding up better than gas cars during pandemic
Catherine Wood, chief executive of ARK Investment Management, yesterday addressed concerns about how electric vehicle adoption will be affected by low oil prices. She underscored that the biggest factor for total-cost-of-ownership is auto residual values. While the value of used cars is tumbling, the trade-in values of Tesla EVs are holding firm.
Tesla stops ‘refurbishing’ its used cars ahead of big influx of leased vehicles coming back
Tesla has changed its ‘certified pre-owned’ (used) vehicle policy this week to stop “refurbishing” its used cars just ahead of them receiving a big influx of vehicles as more 3-year leases are ending.
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Tesla’s new batches of used cars are selling ludicrously fast
As we reported last week, Tesla introduced a new kind of warranty for certified pre-owned cars (CPO), a term the company abandoned for simply ‘used cars’, and with it, it made available new batches of relatively high-mileage vehicles for new record low prices. When it comes to the Model S at least.
Those vehicles have been selling so fast that they are often on the website literally only for a few hours. And now, they even brought the new CPO used car program to other countries.
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