Used Tesla Model Y sales are increasing as prices fall.

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

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

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

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

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

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

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