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Stock impact report

Tesla Used Car Price Crashes – Model Y, Model 3 Deals Explode [Forbes]

CarGurus, Inc. - Class A (CARG) 
Last cargurus, inc. - class a earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cargurus.com/investor-relations
Company Research Source: Forbes
Getty Images New cars are out, used cars are in. Consumer reports has just released its . Why? One reason is that new car prices are just too high for the average consumer. “With the historically high price of new autos these days, more and more people are naturally looking to the pre-owned market in search of a better bargain,” said Alex Knizek, associate director of auto test development at Consumer Reports, in a post. And better bargains abound for the most popular EV in the U.S., the Model Y. The average price for a used Y has dropped more than $6,000 over the last 12 months to about $30K this month, as shown in the CarGurus chart below. If you go back even further to March 2023, the bottom has dropped out of Model Y pricing, falling more than $20,000. Tesla Model Y average used price has dropped to about $30K. Credit: CarGurus PROMOTED A quick glance at prices on CarGurus for low-mileage (under 20K miles) Model Ys in the Los Angeles aftermarket, for example, with p Show less Read more
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