Tesla Model Y is the Fastest Selling Used Car on The Market Today

Used Tesla Model Y Sales – With its Model Y SUV mid-size, Tesla dominated June 2022′used vehicle market. In a market dominated by hybrids and electric vehicles, the Model Y was the most popular used vehicle.

An iSeeCars study found that the average used car sold in 52.1 days in June 2022. This is a bit longer than May’s 50.4 days.

“Both used and new car prices increased in June over Mayas inventory constraints continue plague the used and new car markets. Karl Brauer, a senior analyst at iSeeCars, stated that rising interest rates and higher gas prices have also heightened the demand for more efficient and cheaper vehicles.

The study examined 223,999 used and new cars that were sold in June 2021 and found that the average price of used cars increased 10.7%. The average price of used cars has slightly increased from $34,342 in May 2022 to $34,234 by June 2022.

With its Model Y SUV mid-size, Tesla dominated June 2022′used vehicle market. In a market dominated by hybrids and electric vehicles, the Model Y was the most popular used vehicle.

An iSeeCars study found that the average used car sold in 53.1 days in June 2022. This is a bit longer than May’s 50.7 days.

Tesla Model Y is the Fastest Selling Used Car

“Both used and new car prices increased in June over Mayas inventory constraints continue plague the used and new car markets. Karl Brauer, a senior analyst at iSeeCars, stated that rising interest rates and higher gas prices have increased the demand for more efficient and cheaper vehicles.

The study examined 224,000 used and new cars that were sold in June 2021 and found that the average price of used cars increased 10.5%. The average price of used cars has slightly increased from $34,119 in May 2022 to $34,154 by June 2022.

Used Tesla Model Y Sales

Used Tesla Model Y Sales

The Tesla Model Y sold the most units despite being significantly more expensive than the average used car. The average selling price for used Tesla Model Y cars was $69,784. A new Tesla Model Y AWD Long Range is $65,990The Performance variant starts at $69,000.

The study produced a list of 20 top-sellers used cars. The average selling time for the cars on this list was 31.7 days. This is 1.4 to 2 times faster that other used vehicles. Tesla Model Y used vehicles sold in an average of 24.9 days.

Brauer believes that there is an “elevating demand” for used Tesla Model Y units due to the expected delivery dates. A new Model Y Long Range will be delivered between January 2023 and April 2023. Delivery estimates for the Performance variant are between August and October 2022.

The study also included Tesla’s used Model 3 & Model X cars. The 5th spot was taken by used Model 3 cars, which sold in an average 27.7 days for $52,216. It took used Tesla Model X units around 28 days to sell, on average, for $90,089.

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