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

New cars are out, engaged cars are in.

Consumer Reports has equitable freed its first ever brand ranking of engaged cars. Why? One reason is that new car prices are equitable too high for the ordinary devourr. “With the historicpartner high price of new autos these days, more and more people are naturpartner watching to the pre-owned labelet in search of a better barobtain,” shelp Alex Knizek, associate honestor of auto test growment at Consumer Reports, in a post.

Used Model Y price collapse

And better barobtains abound for the most famous EV in the U.S., the Model Y. The ordinary price for a engaged 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, droping more than $20,000.

A speedy glance at prices on CarGurus for low-mileage (under 20K miles) Model Ys in the Los Angeles afterlabelet, for example, show lots of decent deals, with plenty of low-mileage cars priced well below $30K.

The sub-$15,000 Model 3

Used Model 3s – albeit high mileage – can now be set up for well below $15,000. When engaged prices sink that low it provides a buying opportunity for first-time electric vehicle buyers who otheradviseed could not afford an EV. For example, a engaged 2020 Model 3 with 170,000+ miles is being adviseed for $11,999 on CarGurus. That’s chump alter for a Tesla. And a 2020 Model 3 Standard Range Plus RWD with around 58,000 miles is being adviseed for $19,999.

Model Y sell-off, new rivals

With the new Model Y ‘Juniper’ being deinhabitred to the first customers on Saturday, foresee a sell-off of the prior generation Y – if that hasn’t already befirearm. There is also an undercurrent of anti-Tesla sentiment that may be driving some sales but that is difficult to quantify. One leang is not in ask, however: there is a lot more competition.

“Despite Tesla’s persistd reputation for competitive pricing and sturdy rent deals —especipartner for the Model 3 and Model Y — the brand is facing mounting prescertain in an increasingly competitive EV landscape,” Davide Greene, an industry analyst at Cars.com, telderly me in an email. “The number of engaged EV models on the labelet has spiked, grothriveg 31% year over year, with 76 contrastent models useable as of February 2025, contrastd to equitable 58 a year prior. This expansion gives devourrs more choices beyond Tesla, including new portrays from other brands,” Greene shelp.

Searches for Tesla dropping, vehicles ‘lingering’

Web searches for engaged EVs are also trfinishing away from Tesla. In February 2025, searches for engaged Teslas dropped 7% year over year, while searches for other engaged EVs jumped 28% year over year, according to Greene.

“Additionpartner, engaged Teslas are lingering on dealer lots at a analogous rate to other EVs…labeling a shift from a year ago when Tesla models shiftd more speedyly than their competitors,” Greene shelp. “The combination of more competition and shifting devourr preferences produces it evident that Tesla’s dominance is being tested,” he shelp.