Due to high demand
and low supply, used Teslas and other EVs in the US are selling well, and at impressive prices.
According to research by
Recurrent Auto, used electric vehicles are selling for record profits, and this is leading to owners flipping their vehicles
Owners are taking
advantage of simple supply and demand and buyers are paying a premium to overcome the scarcity.
Used electric vehicles
are selling for 25% higher on average compared to the same time last year
Some vehicles are more
affected than others, such as Ford Mustang Mach-E which, in used condition, is selling for 60% more than last year
Someone who bought a
Model 3 last April can expect their vehicle to sell for $10,000 to $16,000 more compared to when they bought it