July 3, 2022

Whilst folks normally steer clear of used new power automobiles (NEVs) nowadays, that’s now not the case for top class manufacturers, together with Tesla.

Nearly all of Tesla Fashion Y automobiles on the market on a couple of on-line used automotive buying and selling platforms in China are priced above RMB 300,000 ($47,000), upper than what their house owners paid for them within the first position, knowledge observed by way of CnEVPost displays.

“The one used NEVs in our retailer presently are Tesla automobiles, and they’re promoting like hotcakes, principally promoting one for each and every one who is available in,” China Industry Magazine quoted a used automotive broker as announcing in a record Saturday.

Whilst shopper perceptions of used NEVs range, some high-end used automobiles, represented by way of Tesla, are common, and there may be even a value inverse for used and new automobiles, the record stated.

“The cost of a Tesla Fashion Y was once about RMB 276,000 in September 2021, however since you now wish to wait about part a yr to get a brand new automotive delivered, the cost of a used automotive has now long past as much as relatively greater than RMB 300,000,” the record quoted a used automotive broker in Shanghai as announcing, including that “We’re being used automobiles at a better worth than new automobiles.”

CnEVPost noticed a equivalent scenario on used automotive buying and selling platforms, together with Guazi and Uxin.

Of the 40 used Fashion Y automobiles’ displayed on Guazi, simplest six automobiles had been introduced for not up to RMB 290,000, they usually had been 2021 same old vary fashions with the bottom be offering of RMB 283,000.

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On Uxin, just one same old vary Fashion Y was once priced at RMB 289,800, whilst all others had been priced above RMB 290,000.

The Fashion Y same old vary model become to be had in China on July 8, 2021, when it’s priced at RMB 276,000.

On November 12, 2021, Tesla up to date the specs of the entry-level Fashion Y in China, with the similar worth, however with a 0-100 km/h acceleration time of 6.9 seconds, up from 5.6 seconds.

Tesla additionally modified the naming of the Fashion Y at the moment, naming the usual vary model immediately as “Fashion Y”.

On November 24 final yr, the cost of the entry-level Fashion Y was once raised to RMB 280,752. On December 31 final yr, the cost of the style was once raised to RMB 301,840.

Tesla China worth adjustments

Date Fashion Alternate (in RMB) Newest Worth

Dec 31, 2021 Fashion Y ↑ 21,088 301,840

Dec 31, 2021 Fashion 3 ↑ 10,000 265,652

Nov 24, 2021 Fashion Y ↑ 4,752 280,752

Nov 24, 2021 Fashion 3 ↑ 4,752 255,652

Nov 19, 2021 Fashion 3 ↑ 15,000 250,900

Oct 27, 2021 Fashion S Lengthy Vary ↑ 30,000 889,990

Oct 27, 2021 Fashion X Lengthy Vary ↑ 30,000 939,990

Sept 11, 2021 Fashion Y Efficiency ↑ 10,000 387,900

Aug 4, 2021 Fashion S Lengthy Vary ↑ 30,000 859,990

Aug 4, 2021 Fashion X Lengthy Vary ↑ 30,000 909,990

Jul 16, 2021 Fashion S Lengthy Vary ↑ 30,000 829,990

Jul 16, 2021 Fashion X Lengthy Vary ↑ 30,000 879,990

The Fashion Y stays highly-priced on used automotive platforms because of the present excessive shopper call for for the style. Data on Tesla’s site displays that buyers who pre-order the Fashion Y these days have to attend 10-14 weeks for supply, which is as early as the top of April.

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Shoppers who purchase a brand new Tesla automotive could have to attend 3 months for supply, but it surely’s more uncomplicated to shop for a used automotive, which is partially using the advance of the used automotive marketplace, China Industry Magazine quoted Cui Dongshu, secretary-general of the China Passenger Automobile Affiliation (CPCA), as announcing.

Fashion Y gross sales in China had been 16,358 devices in January, up 896.8 p.c from 1,641 devices final January, in step with knowledge launched by way of the CPCA previous this month.

That makes the Fashion Y the second one best-selling new power SUV in China in January, in the back of the BYD Music’s 20,722 devices.

The Fashion 3 is much less common than the Fashion Y on used automotive buying and selling platforms, with pricing for the usual vary model principally within the RMB 220,000-240,000 vary, gives on Uxin display.


This text was once first revealed by way of Phate Zhang on CnEVPost, a site that specialize in new power car information from China.