4 ms·
> Shows Model3's off almost 16% in the last 90 days. Imo, this could be attributed to a few factors all compounding each other. 1. Most Tesla owners/intereste
by flutas 4y ago
> Shows Model3's off almost 16% in the last 90 days.
Imo, this could be attributed to a few factors all compounding each other.
1. Most Tesla owners/interested consumers are more "online" than average. (no evidence, just my experience)
2. Tesla recently asked the FCC to withhold docs on a newer radar system. [0]
3. The Model 3 has also been rumored to have a refresh next year. [1]
But also I think they are just cherry picking data points to try and make a claim. [2]
Other brands are down worse than Tesla but not mentioned.
- Tesla is down 9% YoY or 15.03% in the last 90 days.
Now let's compare to some others in the list...
- Lexus is down 24.56% YoY or 5.69% in the last 90 days.
- Wagoneer is down 28.92% YoY, or 5.99% in the last 90 days.
- Infiniti is down 9.44% YoY or 6.76% in the last 90 days.
While others are still down similarly (within a few % points), but not worse than Tesla.
- Scion is down 6.45% YoY or 7.76% in the last 90 days.
- FIAT is down 5.95% YoY or 8.84% in the last 90 days.
- Dodge is down 7.04% YoY or 6.63% in the last 90 days.
- Chevrolet is down 6.19% YoY or 4.97% in the last 90 days.
I think what we're actually seeing in the numbers here are just signs that people are slowing on buying used cars, but also slowing on buying more expensive vehicles in general (at least until you hit the other side of the curve, where rich people are still buying ex ferraris).
[0]: https://insideevs.com/news/625502/tesla-alerts-fcc-new-radar-device-coming/ https://insideevs.com/news/625502/tesla-alerts-fcc-new-radar...
[1]: https://www.carscoops.com/2022/11/tesla-working-on-model-3-refresh-with-an-even-more-simplified-interior/ https://www.carscoops.com/2022/11/tesla-working-on-model-3-r...
[2]: https://www.cargurus.com/Cars/price-trends/ https://www.cargurus.com/Cars/price-trends/ (9/13/2022 through 12/10/2022