It appears Tesla did not simply have an awesome yr on the brand new automobile gross sales entrance. The electrical model’s most reasonably priced electrical automobile, the Mannequin 3, was the most well-liked used EV in the US in 2023, in response to knowledge supplied by on-line gross sales aggregator iSeeCars.
This is not a brand new pattern. The Mannequin 3 additionally held the highest spot for the most well-liked second-hand battery-powered automobile within the nation in 2022, however it’s starting to face extra and harder competitors on the used market. In 2022, 40% of complete 1- to 5-year-old used EV gross sales have been represented by Tesla’s most reasonably priced mannequin, whereas in 2023 it was at 34.9%.
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A few of that competitors is coming from inside the home. A giant chunk of the used automobile gross sales quantity went to the Mannequin 3’s sibling, the Mannequin Y, which sits within the second spot on the listing. The positioning studies that 11.9% of used EV gross sales went towards the battery-powered crossover. A yr earlier, the Mannequin Y represented 10.3% of all of the used EVs bought within the U.S. (aged between 1 and 5 years).
Tesla Mannequin 3 and Mannequin Y
However whereas Tesla’s most cost-effective choices are good performers on the used market, in addition to on the brand new automobile market, the corporate’s growing old flagships—the Mannequin S and Mannequin X—are falling in recognition whichever method you look.
The Mannequin S, which was in third place in 2022 among the many hottest used EVs within the U.S., is now in fifth place. The Mannequin X, which was fourth in 2022, is now sixth. As with the Mannequin Y and Mannequin 3, that are the most well-liked new EVs within the nation, the 2 costlier and bigger fashions have been relegated to the decrease half of the highest 10 listing with regards to gross sales efficiency on the used market.
For brand new automobile gross sales, the Mannequin S and Mannequin X have been categorized by Tesla underneath the “Others” tab when referring to gross sales quantity.
The Chevrolet Bolt EV, which was discontinued in late 2023 and has new provides dwindling, took the place of the Mannequin S because the third hottest used EV within the nation. On the identical time, the Nissan Leaf changed the Tesla Mannequin X because the fourth hottest used battery-powered car within the U.S.
The Ford Mustang Mach-E got here in sixth, adopted by the Audi e-tron and Porsche Taycan, whereas the Volkswagen ID.4 closes the highest 10 listing of hottest used EVs in the US in 2023.
10.3%
3 Chevrolet Bolt EV 6.9% 6 6.2% 4 Nissan Leaf 6.2% 5 6.7% 5 Tesla Mannequin S 5.6% 3 9.8% 6 Tesla Mannequin X 5.5% 4 7.7% 7 Ford Mustang Mach-E 4.6% 7 3.7% 8 Audi e-tron 2.9% 8 2.7% 9 Porsche Taycan 2.4% 9 2.4% 10 Volkswagen ID.4 2.2% 10 1.7%
In different phrases, there have been no newcomers to the 2023 listing in comparison with 2022, and most fashions retained their ranks. That stated, older vehicles just like the Mannequin S and Mannequin X are prone to drop additional down the listing within the following years as prospects are on the lookout for extra trendy automobiles.
“A lot of the top-ranking electrical vehicles are displaying their age, with solely the Mannequin Y being comparatively new to the market,” stated Karl Brauer, iSeeCars Govt Analyst. “And on this race of older EVs, the growing old Bolt and Leaf pulled forward of the growing old Mannequin S and Mannequin X. With out main updates to Tesla’s costliest automobiles they’re prone to proceed dropping in recognition.”
In relation to the entire used automobile market, there is not a single EV in sight within the prime 20 listing. As a substitute, the rankings put the Ford F-150 on the prime, adopted by the Chevrolet Silverado 1500 and Chevrolet Equinox. We’ll see if any of these outcomes change after 2024 ends.