Back in September 2023, we shared an in-depth analysis of Tesla Model 3 prices and their popularity on our platform, Autozen. Due to the high interest in that blog post, we want to provide an update on recent trends and market shifts.
Photo by Charlie Deets on Unsplash
Q1 2024 Decline and Q2 Recovery
In the first quarter of 2024, we observed a significant decline in the value of the Tesla Model 3. This downturn can be attributed to several negative headlines about Tesla in late 2023, including issues with Tesla chargers in cold weather and Hertz's challenges with their Tesla fleet. Additionally, controversial statements and positions from Elon Musk further impacted market sentiment. Hertz's decision to sell their fleet of Tesla Model 3s and flood the market in early 2024 temporarily depressed prices.
However, in the second quarter, we've seen a rebound to more reasonable values, with an overall normal year-over-year depreciation. We expect prices to remain relatively stable throughout the summer, barring any major news affecting Tesla.
Autozen remains a hot marketplace for selling Teslas. In particular for those planning to trade in their Tesla (or any other make) when buying a new Tesla, we encourage you to try Autozen. Tesla is known for offering low trade-in values, and you might be pleasantly surprised by our offers. For example, one customer received $8,000 more for their Model X through Autozen compared to Tesla's trade-in offer. You can read their review here.
Original Blog
You can read the original blog from 2023 at the link below:
https://www.autozen.com/blog/tesla-3-current-prices
