Depreciation
Tesla Cybertruck depreciates rapidly amid low demand
Raportoinut AI
A California dealership manager's viral video highlights the Tesla Cybertruck's struggling resale value and excess inventory. Jason Xie of Alfa Romeo of San Jose reports that even Founders Editions are piling up, with stock lingering for at least 150 days. This shift comes as data shows the electric pickup losing up to 60% of its value over five years.
Used Tesla models depreciate less than luxury rivals in Q2 2023
Raportoinut AI
A new report reveals that used Tesla Model 3 and Model Y vehicles have depreciated only about 10% over the past three years, far below rates for comparable luxury models from Mercedes, Lexus, and Porsche. This holds true despite multiple price cuts on new Teslas earlier in the year. The findings come from Recurrent Auto's Q2 2023 Used EV Report, which tracks trends in the used electric vehicle market.