With the Tesla Model 3 being among the first high-volume cars to be on the Australian market in 2019, the acceptance of electric vehicles (EVs) has significantly increased in recent years.
After almost 5 years, a number of early models are starting to appear on the used market. At the beginning of 2024, there will be a rise in the quantity of used Tesla Model 3s accessible, which will lower the overall cost of used Tesla vehicles.
According to the most recent data available from carloop, there were 516 total used EV listings for sale in February 2024—a 14.9% rise from the beginning of the year.
The fact that recently sold 2019–2020 model vehicles have dropped below $39,000 makes many Model 3 sedans more accessible than some of the most reasonably priced new EVs available on the market, as evidenced by the increase in listings. These consist of the BYD Dolphin electric hatch model and the MG4 type.
The redesigned Tesla Model 3, which was eventually unveiled in September of last year, has led to better supply and delivery, which has resulted in a price decrease.
The increased model availability in 2024 has also been crucial, as it has shortened wait times for early Tesla consumers considering a new vehicle. A new Tesla Model 3 is currently expected to be delivered between February and April, suggesting that buyers may receive their new vehicle in a matter of weeks.
This has contributed to a decrease in the price of used Tesla Model 3s and an increase in the number of listings on the used EV market.
Until the Tesla Model Y surpassed it in 2023, the Tesla Model 3 was the best-selling EV in the Australian market.
Many purchasers on the used market are more comfortable buying a Tesla because of the car’s well-known brand, convenient charging options, and ongoing updates that keep even the earliest models’ ownership experiences “new.”
The new Tesla Model 3 Performance variant, which many current model owners have been waiting for before upgrading, will be released in the upcoming months. This is probably going to push up the number of dual-motor vehicles available in the used EV market, which will help drive down prices even more and increase the number of drivers who can afford EVs.
