The prices of electric cars are comparatively high. Even used e-vehicles – especially Tesla models – are still relatively expensive. Now the prices of used cars are even increasing. There are several reasons for this.
After the global chip crisis, the automotive industry is under massive pressure. Tesla has again raised the prices for its models in the past few days after the US carmaker had initiated price increases just last week. In Germany, the prices for a Tesla had risen by up to 3,000 euros, and on Wednesday the two higher versions of the Model 3 rose again by 2,000 to 3,000 euros. In the US, no Tesla model is available under $46,990 anymore.
The Chinese carmaker BYD also raised the prices for two models by almost 2,000 euros on Tuesday for the second time this year. Tesla CEO Elon Musk explained the price increases with the current high inflation, which is affecting materials and logistics. After all, the Ukraine war has had a massive impact on the auto industry. Belts sometimes only run to a limited extent or are at a standstill because important supplier parts such as cable harnesses from the Ukraine are missing. In addition, the war has caused petrol prices to skyrocket, which is why motorists are increasingly considering switching to electromobility.
Car owners charge inflated prices for used cars
And the increased prices are also affecting the used car market. In addition, electric cars are rare, while demand is steadily increasing. According to a current evaluation by the car sales portal “AutoScout24”, purchase inquiries in February 2022 were 74 percent higher than in the same month last year. The average price paid for a used Tesla Model 3 is therefore just under 50,000 euros, for a Tesla Model S almost 55,000 euros and for a Tesla Model X around 76,000 euros.
Car owners see a lucrative earning opportunity in the market shortage: some of them add a small surcharge to their used electric vehicle. Because the buyers are apparently willing to pay the higher price instead of waiting months for a new vehicle.
In China, however, the demand for the Nio ET7 is so great that pre-orderers on the Internet sometimes even ask for three times the price of what they paid for the new purchase. In return, buyers should be able to receive the latest electric model from the Chinese carmaker in a few weeks.
Delivery times at Tesla have increased significantly
Because in addition to the prices, the delivery times have also increased. Anyone currently ordering a Tesla Model 3 (maximum range) in Germany will probably have to wait until at least November for delivery. The standard version is not expected to be delivered until February 2023. It’s the same in France.
In Australia, the waiting time for a new Tesla Model 3 is five to seven months. In the USA, too, customers of a new Model 3 RWD will have to wait until July, while the long-range version of the Model Y will have to wait until August.
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Source: Stern
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