Used Tesla Model Y sales are increasing as prices fall.

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Now is a great time to buy a new or used EV

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Used 2021 Model Ys will start around $30,000 on Tesla's website through May 2024

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Those with lower miles typically fall into the $32,000 - $36,000 price range

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Lower used EV prices are increasingly appealing to consumers’ cost-effective behaviour

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Model Ys deployment is down year-over-year (-32%) and year-to-date (-12%).

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The EV market is witnessing significant growth in both new (+100% YoY) and used (+42% YoY) segments

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This has led to a 20% annual drop in used EV prices

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