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EV uptake has been on the rise in an enormous manner in recent times with the Tesla Mannequin 3 being one of many first high-volume automobiles to hit the Australian market, again in 2019.
Practically 5 years later, many early fashions are coming onto the used market, with the beginning of 2024 seeing an upward development within the variety of Tesla Mannequin 3s obtainable on the used market, bringing the general costs of used Teslas down.
The newest knowledge from carloop reveals that cumulative used EV listings in February 2024 stand at 516 automobiles up on the market, a rise of 14.9% for the reason that begin of this 12 months.
This rise in listings additionally highlights that not too long ago bought 2019 – 2020 mannequin automobiles have fallen beneath $39,000, making many Mannequin 3 sedans cheaper than a number of the most inexpensive new EVs available on the market. These embody the MG4 and the BYD Dolphin electrical hatch fashions.
This drop in costs is because of a number of components together with improved provide and deliveries for the reason that launch of the upgraded Tesla Mannequin 3, lastly revealed in September final 12 months.
One other key consider 2024 has been the excessive availability of fashions, serving to scale back wait time for these early Tesla prospects, taking a look at upgrading to a brand new automotive. The present estimated supply time for a brand new Tesla Mannequin 3 is February to April, hinting that prospects can get a brand new automotive inside weeks.
This has helped additional improve these listings on the used EV market and convey the costs of used Tesla Mannequin 3s down.
Tesla Mannequin 3 had been the best-selling EV within the Australian market up till it was overtaken by the Tesla Mannequin Y in 2023.
On the used market, many patrons really feel extra assured in buying a Tesla as a consequence of model recognition, charging infrastructure and continuously updating automotive which retains the possession expertise of even the sooner fashions “recent”.
The approaching months will see the launch of the brand new Tesla Mannequin 3 Efficiency variant which many present mannequin homeowners are ready for earlier than upgrading. That’s additionally prone to carry extra dual-motor automobiles to the used EV market, serving to carry the costs down even additional and making EVs accessible to extra drivers.
Riz is the founding father of carloop based mostly in Melbourne, specialising in Australian EV knowledge, perception experiences and traits. He’s a mechanical engineer who spent the primary 7 years of his profession constructing transport infrastructure earlier than beginning carloop. He has a ardour for vehicles, notably EVs and desires to assist scale back transport emissions in Australia. He at the moment drives a purple Tesla Mannequin 3.
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