The supply increases, and the price steadily decreases

The supply increases, and the price steadily decreases

February 2024 will mark five years since the keys to the first Tesla Model 3 were handed over to a Dutch owner. The first generation Model 3 subsequently became a permanent fixture on Dutch roads and is now one of the most numerous electric cars in our country. As with cars that were new: over time they find their way into the used car market. It’s becoming clear that used Model 3 prices are falling, but you won’t find anything for less than €25,000.

Back to 2019

At the beginning of 2019, Tesla was still an exotic name, known mainly as the Model S. It was a fairly popular throwback, which received a lot of attention at the time with its amazing and interesting zero-to-hundred sprints. Movements you won’t find in any other car. The main disadvantage of the Model S: price. The larger model cost more than a grand and the entry-level model was still completely out of Jean Modal’s reach. So when Tesla brought the Model 3 to Europe in 2019 as a cheaper alternative to the Model S, there was no shortage of interest.

Tesla early model 3.

The best-selling car of 2019

This interest translated into 29,948 models sold in 2019. No other model comes close to these numbers. Established names like the Volkswagen Polo and Ford Focus together did not even reach the sales numbers recorded by the Tesla Model 3. This hype was short-lived. In 2020, “only” 8,373 copies were sold and in 2021 this number dropped further to 2,566. The latter had partly to do with the Tesla Model Y, which replaced the Model 3. However, the 2019 batch will be five years old in 2024, So the Model 3 will go Collectively To the used car market. This is where it gets interesting.

Ask please

Numbers from It indicates that the demand for a used Tesla Model 3 is steadily increasing, while the average asking price is slowly declining. Compared to January 2022, demand for the Model 3 has doubled in October 2023. While the Tesla Model 3 still made up 0.13 percent of all searches in January 2022, this has risen to 0.27 percent since the summer of 2023. A slight decrease can be seen in October, which may be related to the price drop that the brand implemented for new models in September. However, the decrease is too small to be presented as a significant fact.

Tesla Model 3 Buying Guide

prices drop

If we look at the average price of a Tesla Model 3, it is clear that it is slowly declining. You still can’t buy the Model 3 at bargain prices, but the average price depends on It was still €47,616 in January 2023, falling to €37,262 in October 2023. A drop of more than ten thousand euros in less than a year means, among other things, that supply exceeds demand. If you choose an entry-level car from 2019-2020, prices under 30,000 euros are no longer an exception. For that amount, a new electric vehicle is often smaller, slimmer and has a smaller range.

Model 3 popular used car

The Tesla Model 3 is therefore a popular used car and the 2019-2020 crop is an excellent alternative to smaller electric cars that you can get new at comparable prices. The supply is large and continues to grow, while the price continues to fall steadily. If you really want to find a Model 3 for next to nothing, you’ll have to be patient.

What should you pay attention to when using a Tesla Model 3? Read this story.

What do Tesla Model 3 owners think? Read this story.

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