According to eBay Motors, the Tesla Model 3 was the best-selling used car in September, averaging just 17 days in dealerships. It was closely followed by the Audi e-Tron, which averaged 20 days, and the Ford Mustang, which averaged 21 days. Overall, the average time to sell a used car is 35 days, up from 38 days a year ago. Franchise dealers also saw improvements, with the average sales time dropping from 32 to 29 days, the fastest pace this year.
Used car prices continued to fall in September, falling 1.1% to £17,536. However, prices are still 6% higher than a year ago. This is the fifth consecutive monthly decline, dating back to January of the same year. Lucy Tugby, marketing director of eBay Motors Group, commented on the strength of the used car market, saying that there is a lack of stock and that car supermarkets are not filling their inventories as expected. On the other hand, independent dealers deal with stock shortages by selecting cars that they know will attract buyers.
Tesla’s electric vehicles are popular in the used car market. In a previous analysis by auto search and research company iSeeCars.com, the Tesla Model Y was found to be the best-selling used electric vehicle in the United States. Initially, used car prices rose due to a lack of new car inventory, but now that there are so many new cars available, buyers continue to choose the value offered by used cars. cars.
Overall, the success of the Tesla Model 3 in the used car market demonstrates the continued demand for electric vehicles and highlights the value they offer to consumers.