The Tesla Model 3 was by far the best-selling car of the year in 2019. February marks five years since the first models came onto the market, so large numbers of second-hand units will soon flood the market, resulting in falling prices.
The Tesla Model 3 is one of the most numerous EVs in our country and as is the case with cars that were once new: over time they find their way to the used car market. It becomes clear that prices for a second-hand Model 3 are falling, but that you won’t find anything for much less than €25,000.
Back to 2019
The name ‘Tesla’ was still an exotic one at the beginning of 2019, mainly known for the Model S. The major disadvantage of this liftback was the price. The biggest one cost more than a ton and an entry-level model was completely out of reach for most Dutch people. So when Tesla brought the Model 3 to Europe in 2019 as a cheaper alternative to the Model S, there was no shortage of attention.
Best-selling car of 2019
That attention translated into 29,948 models sold in 2019. No other model came even close to these numbers. Established names such as the Volkswagen Polo and Ford Focus together did not even reach the sales figures recorded by the Tesla Model 3. However, the 2019 class will be five years old in 2024, so the Model 3 will go en masse to the used car market. That’s where it gets interesting.
Ask, please
Figures from AutoTrack.nl show that demand for a second-hand Tesla Model 3 is steadily increasing, while the average asking price is slowly falling. Compared to January 2022, demand for the Model 3 has more than doubled in October 2023. While the Tesla Model 3 still made up 0.13 percent of all searches in January 2022, this has increased to 0.27 percent from the summer of 2023. A small dip can be seen in October, which could be related to the price drops that the brand implemented for new models in September. However, the dip is too small to present this as an important fact.
Price decreases
If we look at the average price for a Tesla Model 3, it is clear that it is slowly falling. You still cannot buy a Model 3 for bargain prices, but while the average price according to Gaspedal.nl was still €47,616 in January 2023, it has fallen to €37,262 in October 2023. A drop of more than ten thousand euros in less than a year means, among other things, that supply exceeds demand. If you go for an entry-level car from the 2019-2020 period, prices of well under €30,000 are no longer an exception. For that money, a new EV is often considerably smaller, barer and with a smaller range.
Are you looking for a Tesla Model 3? Then click here for a buying guide at Autoweek.
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2023-11-12 17:15:19
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