The time it takes for a used electric vehicle to find a new owner has more than doubled since last year, according to iSeeCar.com’s latest market study.
– the American EV brand’s most affordable model – is in third place with an average of 51.8 days spent on the market at an average price of $35,039.As you can see, even though the Model Y is more expensive than the Model 3 on the used market – the same as when buying new – the crossover is still more desirable. With this being said, internal combustion cars are sold at a faster rate than EVs, according to, with used ICE vehicles spending 38.
“Used car prices were initially driven up by a lack of new car inventory,” said iSeeCars Executive Analyst Karl Brauer. “Now there are plenty of new cars on dealer lots, but consumers aren’t rushing out to buy them. The new car average time-to-sale is down by more than 25 percent even as used cars are selling 6.1 percent faster. This shows buyers are continuing to seek value in the used car market – despite a wide range of new car options.
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