Pre-owned Tesla values are skyrocketing and have reached record levels as fuel prices surge and commuters look for long term relief. Much like COVID19, many Americans believe that a new normal is here with gasoline prices and that we may never see gasoline under $3.00 a gallon in the USA.
Based on vehicle purchases, Pre-owned Tesla prices have surged 10% in Q2 and that trend is expected to increase modestly, flattening with new model releases. Never before have we seen consumers so willing to spend $60K or better to avoid the burden of unreasonable fuel prices. Tesla’s began as a boutique vehicle purchase by consumers chasing unique and environmentally conscious transportation when introduced to the market a decade ago. But now the Tesla Automobile has been proven nearly bulletproof in quality and older models are fetching nearly $50,000 with over 100,000 miles on them.
The bottom line on Tesla – it’s here to stay and everybody wants one now that gas is getting to be unaffordable for Middle Americans. The demand for a Tesla whether new or used is sky high and supply isn’t so finding a deal on one is not a reality.
We will buy all we can for sure – they always sell right where they sit!