A used Model 3 has an average selling price of $ 47,453, which is significantly higher than the base price of its base model.
Model 3 is the world’s best-selling electric vehicle
Tesla’s Model 3 had already become the best-selling executive sedan in the world, even beating the BMW 3 Series, but now in the United States it has also become the best-selling used car, sold at one time in priced higher than even a new Model 3. One of the reasons for this sudden demand for Tesla’s Model 3 is the global chip shortage which is impacting production even at Tesla. Due to these production issues, it is so difficult to get a new car in the United States that many have turned to the used car market and are even willing to pay extra. The success of electric cars in the US used car market has also helped Tesla’s cause.
In the United States, Tesla lost the $ 7,500 tax credit as the automaker crossed the 200,000 delivery threshold for the credit, which further helped the price in the used car market. iSeeCars also showed that a Model 3 takes an average of 16 days to sell, which is half the industry average and almost four days faster than the second best-selling used car, the Mitsubishi Outlander. A used Model 3 has an average selling price of $ 47,453, which is significantly higher than the base price of its base model.
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