In recent months, Autozen has witnessed an unprecedented surge in transactions involving the Tesla Model 3. This popular electric vehicle has become a favourite among our users, and the 2021 Model 3 standard range RWD is now at the top of our platform's sales charts. Today, we'll dive into the reasons behind the Model 3's popularity and examine the intriguing trends in used Tesla prices at Autozen.
1. Tesla Used Car Prices on Our Platform
Let's start by exploring the average prices of the entry level Model 3, keeping in mind that regional incentives can influence supply and demand, leading to slight price variations:
- 2022 Model 3 standard range RWD: $42,500
- 2021 Model 3 standard range RWD: $40,000
- 2020 Model 3 standard range RWD: $36,000
- 2019 Model 3 standard rangeRWD: $30,500
It's worth noting that higher trim levels command a significant premium. For instance, a 2022 Long Range AWD Model 3 recently sold for $56,000 through our platform, $13,500 above the base model, which is bigger than the difference of $10,000 when buying new.
Why the Tesla Model 3 Is a Top Seller
To understand why the Model 3 became a top seller on Autozen, we must first look at its history. In 2019 and 2020, the Model 3 was the go-to choice for those seeking a new mid-size electric vehicle with impressive range and performance. However, the landscape since then has evolved dramatically.
Today, the market boasts an array of attractive electric vehicles from various manufacturers, including a large offering of SUVs, and the lines between luxury and non-luxury electric vehicles have been blurred. While manufacturing batteries remains a costly endeavour, the production of high-horsepower electric motors is cheap and easy in comparison to an internal combustion engine. This is beginning to level the playing field. Manufacturers are also striving to bring base prices under the threshold for the $5,000 federal rebate eligibility.
The table at the bottom of this article, sorted by ascending price and summarising what’s available in mid-size sedans and SUVs, illustrates this trend. Kia, Ford, and BMW are at the bottom of the table with the most expensive offerings in that segment of the EV market, while Audi is in the middle of the pack with one of the most affordable AWD models.
With so many makes and models now available, many Model 3 owners are now seeking to upgrade to SUVs, either within the Tesla brand (Model Y) or with other manufacturers such as Kia, Hyundai, or Audi, which all offer compelling options that are eligible for the $5,000 federal rebate. The BMW i4, also a federal rebate-eligible vehicle, is another popular choice for the Model 3 owners who prefer sedans but desire the interior and build quality associated with traditional luxury manufacturers.
While many people want to sell their Tesla 3, the demand for these used EVs is high. A used Tesla 3 remains cheaper than the most basic trim of a new Kia EV6 or Ioniq, and comes with stronger performance than either of those models. It’s simply an excellent option for people who have a limited budget and want an EV with good range and performance, and are not hung up on having an SUV.
Autozen has emerged as the preferred platform for individuals looking to sell their Model 3 vehicles, primarily due to the limitations and challenges associated with alternative options. Selling directly to Tesla, for instance, is not a feasible choice for many Tesla owners. Tesla's trade-in program is known to pay significantly less than market rates. Moreover, Tesla requires the purchase of a new vehicle in exchange for buying back an existing one, making it an unsuitable choice for those who just want to sell their current vehicle or switch to a different make.
Navigating trade-ins at traditional dealerships can also be an arduous process, particularly when custom ordering a new electric vehicle. Typically, the final trade-in value is negotiated at the time of delivery, placing consumers at a significant disadvantage. This practice, which will be the focus of a forthcoming blog post, places people in a vulnerable position when negotiating with the dealership. The dealers have substantial leverage in these negotiations with consumers who don’t want to walk away from their long-awaited custom order.
These challenges have prompted sellers to seek better alternatives, leading to the growing recognition of Autozen as a go-to solution. Autozen's reputation for customer service has spread via word of mouth, attracting those seeking a more seamless and rewarding experience when selling their Model 3 vehicles.
3. What Lies Ahead for the Model 3
Looking at future EV trends, we anticipate that some of the more recent popular models, including Model Ys, Kia EV6s, and Hyundai Ioniq 5s, will start to hit the used market in larger volume. This increased supply is likely to put further pressure on used Model 3 prices, but the Model 3 will continue to hold its own appeal in the market, thanks to its blend of affordability, range, and performance.
Tesla Model 3's remarkable journey on Autozen reflects the dynamic nature of the electric vehicle market. As new contenders enter the scene, the Model 3 remains a symbol of value and performance, and Autozen is the best place to sell it.
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