Used Tesla Model S Sedans Sell Faster Than Any Other High-End Used Vehicle

According to a survey conducted by Autolist, “used Tesla Model S sedans sell faster than luxury-car competitors do, and faster than other top-selling used vehicles from Motor Co. and General Motors Co.,” reports MarketWatch. From the report: Used Model S sedans had the briefest time on the market of all vehicles included in the survey, taking, on average, 87 days to sell. That was about 5% quicker than the average for vehicles in the model’s peer group, which included the Audi A7, the Porsche Panamera, the BMW 6 Series, the Mercedes-Benz CLS and the Lexus LS 460. The listing prices of used Tesla Model S sedans were between 3% and 5% above their peer-group average for the past year, after controlling for price differences among the models, Autolist.com said. “We would expect top-performing vehicles in a peer group to have prices [about] 2% above our adjusted expectations for the segment. But 3% to 5% above, and maintaining that level of performance over the past year? That’s surprising,” Alex Klein, Autolist.com’s vice president of data science, said in emailed comments.


Share on Google+

Read more of this story at Slashdot.

Clip to Evernote

Leave a Reply

Your email address will not be published. Required fields are marked *