New car buyers like to talk about the latest tech and resale value, but most people don’t buy new cars. The used car market is 3x bigger than new, and if you’re content to let the last guy take that big depreciation hit by scoring a great deal on a reliable, low-mile used car you could save thousands on your next EV.
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Prices for used EVs in the US have stabilized after climbing 12 of the last 16 months, according to electric vehicle range analyst company Recurrent’s “Used Electric Car Prices & Market Report – Q4 2022,” which was released today.
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J.N. Auto, a longtime independent car dealer in rural Quebec, made the transition from selling and servicing used gas vehicles to used electric over five years ago, and even more recently to being one of the largest independent retailers of brand-new Tesla Model 3s anywhere on the planet. Here’s the story of how an independent used car dealer took on new EV sales absent a franchise agreement.
At Tesla’s annual shareholders meeting earlier this month, CEO Elon Musk said that the company is placing more importance on its pre-owned used car business. He even presented it as a valid alternative for people waiting for the less expensive Model 3.
I was already frequently looking at used Model S sedans for quite some time, but I finally decided to pull the trigger after the new program was announced earlier this month. Here’s a quick report on my experience…
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