Second Hand Tesla Model 3 vehicles are selling for $A130,00 ($91,000) in Australia. Delivery waiting periods are so long that several consumers would instead pay a premium over market costs for new vehicles, Bloomberg reported.
Australians are choosing to purchase second-hand cars with just a few hundred miles in odometer, because they are waiting up to nine months for deliveries of their new Teslas. The second-hand Tesla Model 3 are being sold for about $130,000 or higher.
Demand for second-hand EVs in Austraia
Lloyds Auctions’ local head of marketing and design, Kirstie Minifie, told Bloomberg that she has seen used EVs sell for auction over the retail cost.
The demand is high for secondhand EVs that the auction house is telling EV owners who are thinking about selling their EVs that now is the time. Minifie stated.
“We are telling anyone who might be considering selling their EV or hybrid vehicle, the time is now and we need your vehicle.”
“We have seen secondhand electric vehicles sell for auction over the original retail price.”
This isn’t just affecting TESLA
Good Car Company, which sells new, secondhand, and imported EVs in Australia, stated that demand is higher than the supply. A co-founder, Anthony Broese van Groenou, told Bloomberg that the waiting period could be up to two years for several versions. Even Nissan Leaf EVs are selling for more than they were two years ago. He added that a Hyundai Ioniq 5 could take 12 months from order to delivery. And recently, there’s been a two-year wait for a Kia EV6.
“Demand has just been unprecedented.”
“We can’t keep up.”
Paying premium for a second-hand TESLA
Second-hand Tesla cars and other EVs in the USA are also being sold for record prices. Second-hand EVs are selling at 25% premium on average compared to 2021 price, based on the research from Recurrent Auto.
Based on the research, anyone who bought a Tesla Model 3 last April can anticipate their car to sell for a range of $10,000 to $16,000 more than when they purchased it.
