Used Tesla Prices Drop 12%
According to iSeeCars, the prices of used Model Y, Model X, and Model S Teslas dropped over 12% in July compared with the same month of last year. While these are the largest drops among used EVs, it may spur demand for the models and help the brand overall.
The data is based on 1.5 million used cars aged 1 to 5 years old sold in July 2024 and July 2025. EV prices have been dropping sharply this year. That has changed, some. “Just as used electric vehicle prices are stabilizing, traditional used cars are going back up in value,” said iSeeCars Executive Analyst Karl Brauer
Will There Be A Rebound?
The demand for new EVs will rise between now and September 30 because that is when the government’s $7,500 tax credit expires. Tesla sales should be stronger than in over a year because of that. What happened in the fourth quarter is anyone’s guess.
Tesla has faced a negative attitude toward CEO Elon Musk. As he distances himself from the Trump Administration, that could change quickly. A permanent, positive change in attitudes toward Tesla could cause a rebound that lasts through the end of the year. If that cuts inventories, the price of used Teslas should rise.
What iSeeCars does not show is used Tesla inventories or days on lot. If days on lot are low, the used price rebound could be fast and last.
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