Tesla used car prices keep plummeting, dips below average used car
Fred Lambert | Aug 8 2025 - 7:50 am PT
197 Comments
Tesla used car prices continue to plummet, while the average used car price is increasing. Despite being considered a premium brand, used Tesla vehicles are now cheaper than the used car sale price.
Isn’t this nuts?
Last year, Tesla’s used car prices started to drop along with the rest of the used car market in the US.
However, when the market started to recover in March 2025, Tesla’s used car prices didn’t. It continued to drop.
In fact, it has now dropped so much that the average used Tesla vehicle costs less than the average used car on Car Gurus:
This is unprecedented. Although the brand has taken a significant hit over the last year, Tesla is still regarded as a premium brand in the industry. The fact that its average used car sale price would dip below the industry average, which includes inexpensive mass-market vehicles, is quite exceptional.
Used Tesla car prices are now down 4.59% year-over-year, compared to the market average being up 1.22%:
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| CarGurus Index | $28,039 | +0.19% | +1.22% | +1.22% | | Tesla | $27,814 | -1.75% | -4.59% | -4.59% |
Make/ModelAvg Price Last 30 days Last 90 days Year over Year
All Tesla vehicles are down year-over-year, with the Cybertruck unsurprisingly leading the charge.
However, Cybertruck has started to recover in the last few months, along with Model 3.
The Model Y, which is by far Tesla’s most popular model by volume, is dragging the average down as it continues to fall:
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| Cybertruck | $83,963 | +0.88% | +0.3% | -30.44% | | Model 3 | $23,318 | +0.2% | +0.75% | -8.04% | | Model S | $26,534 | -5.48% | -9.53% | -22.61% | | Model X | $37,747 | -2.33% | -9.24% | -16.8% | | Model Y | $29,216 | -0.49% | -0.68% | -11.97% |
Make/ModelAvg PriceLast 30 daysLast 90 daysYear over Year
Electrek’s Take
Top comment by Swallow_Doretti
Liked by 13 people
With new vehicle retail sales slowing, I've seen a lot of evidence Tesla has been dumping new inventory into the low-cost agency fleets that specialize in weekly and monthly rentals to Uber and Lyft drivers. Those vehicles lead a hard life and when they hit Mannheim Auctions, their residuals are poor, driving down used values across the board. But when you have a factory pumping out one of the oldest vehicle lineups in the industry, those sales are the last resort to keep the lines moving.
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Many Tesla owners have been selling their used vehicles and switching to new brands, increasing the supply and putting pressure on prices.
I expected this, but I didn’t expect the pressure to be so great that prices would dip below the average used prices.
This is significant.
It’s proof that the Tesla brand has taken a massive reputational hit and there’s no clear recovery in sight.
electrek.co |
