Automotive Market
Used Tesla models depreciate less than luxury rivals in Q2 2023
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.
Used electric vehicle market achieves price parity with gas cars
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In 2025, the used electric vehicle market has reached a significant milestone, with prices nearly matching those of gasoline vehicles. Average used EV prices dropped to $31,110 in May, narrowing the premium over gas models to just $897 by August. This shift, driven by falling costs and improved battery longevity, makes EVs more accessible for buyers.
Tesla maintains lead in Europe's EV market
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Tesla continues to dominate Europe's electric vehicle market as plug-in hybrid deliveries rise. The company holds the title of best-selling battery electric vehicle. Rivals may struggle to catch up.