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PHOTO CAPTION: Used Tesla Model S's are selling for more than new models, in part because high demand.

Used Tesla Model S Electric Cars Selling for More Than New

ISeeCars.com finds that the average used Model S is selling for $99,734, nearly $10,000 more than a brand new model... if you can get one.

Published: 09-Feb-2014

Taking stock of how well assorted electric cars hold their value, the statisticians at the used-vehicle website iSeeCars.com came up with a doozy of an observation: A used Tesla Model S can command more in the used market than a brand new one off a dealer’s showroom floor. A lot more.

Based on a survey of 45 million used car listings for sale/sold in the U.S., the average used Model S is said to be going for a whopping $99,734, which is considerably richer than its model-year 2013 base price of $69,900 (or, for that matter, the top-end version’s $89,900). This is even more remarkable when one considers that an original buyer is subject to a $7,500 federal tax credit that effectively lowers the luxury EV’s retail price to the $62,400-$82,400 range.

Of course with U.S. sales estimated at around 22,450 units last year, pre-owned Teslas aren’t particularly plentiful – the Model S has yet to be listed on the online used-car price guides we checked. We suspect there’s only been a relative handful of used Teslas on the market over the last several months, with many likely coming off one-year leases. Still, the sky-high used-car prices would indicate Tesla is a long way from meeting the demand for its zero-emissions performance sedan and bodes well for its next anticipated EV, the Model X luxury SUV

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