US EditionTesla used car prices sink to record low as drivers could buy an electric vehicle for under £20,000
6 Articles
6 Articles
Tesla used car prices sink to record low as drivers could buy an electric vehicle for under £20,000
Used Tesla prices have plummeted across all models in the UK market, with each vehicle type experiencing more than a 30 per cent decrease between May 2023 and April 2025.The dramatic price drops have made the electric vehicles significantly more accessible to British buyers, with some models now available at nearly half their price from two years ago.New sales data reveals that Tesla's entire range - Models Y, X, 3 and S - has seen substantial d…
Vehicles that lost half their value in 5 years
Recent data from European online auction eCarsTrade reveals which vehicles lost half their value in five years, starting with the BMW 7 Series; the model’s value declined €73,000 or around CA$114,507. The company’s data also shows electric models the Nissan Leaf, Tesla Model S, and Chevrolet Bolt each lost over half their value. They said early EVs and luxury sedans saw the most price declines, while mass-market models like the Ford Escape manag…
A recent analysis by the eCarsTrade platform has highlighted an increasingly evident phenomenon in the European automotive sector: electric cars, especially older and high-end models, are rapidly losing value on the second-hand market. The Tesla Model S: the car with the greatest depreciation. According to the data collected, over a period of five years, a new car can lose an average of 60% of its original value. However, some electric vehicles …
Teslas top the table as used EV sales soar
Sales of used electric cars have jumped by almost 40% in the past year, according to one of the UK’s biggest second-hand sellers. New data from online retailer Cinch reveals that sales of used EVs through its platform have risen 39% year-on-year as a growing number of drivers look to make savings as they make the switch. Cinch’s latest figures, covering the first quarter of 2025 show that average prices for used EVs have dropped 4% compared with…
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