The Vehicles Tesla Drivers Most Usually Commerce Teslas In For (At Auto Dealerships)

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With hundreds of thousands of Tesla autos bought within the US by now, increasingly Teslas are inevitably going to be traded in for different autos by homeowners who determine they now not need the automotive for one motive or one other. And it could simply be that these individuals wished one other car that grew to become obtainable after they initially purchased their Tesla. Now, with knowledge from Edmunds, now we have extra perception into which autos Tesla homeowners who commerce of their automobiles are buying and selling them in for.

To start with, although, let’s notice that these stats are based mostly on Tesla autos traded into dealerships. Naturally, most Tesla trade-ins are in all probability for different Teslas — to Tesla. These are usually not captured in these stats, although. Additionally not captured are trade-ins to different EV firms that don’t undergo sellers — Rivian, Polestar, Lucid, or Fisker (RIP). Relating to Tesla itself, “Tesla nonetheless maintains an 87% model retention price, outperforming two non-electric automakers at 67% with Lexus and 54% at Toyota,” in accordance with knowledge from Bloomberg Intelligence printed in April 2024.

Primarily based on the Edmunds knowledge, these are the fashions (electrical and gasoline) that Tesla trade-ins at dealerships are mostly for:

As we are able to see, the highest three fashions are all full electrics (the Ford F-150 Lightning, Cadillac LYRIQ, and Kia EV9). Then, after the Chevy Silverado 1500, there are three extra full electrics (the BMW i4, Ford Mustang Mach-E, and BMW iX).

As I’ve said many occasions previously 12 months or two, there are various extra nice electrical car choices in the marketplace in the present day than there have been 5 years in the past. This listing exhibits it. These six electrical autos are all high-quality, long-range electrical autos you can wholeheartedly advocate to a pal if they provide the styling and branding the pal needs.

So far as why Tesla consumers could also be buying and selling in for these autos, they might desire a pickup truck (Lightning), an extended and enormous SUV with completely different options or styling (LYRIQ and EV9), the styling and branding of a BMW (iX and i4), or the moderately distinctive try at a throwback referred to as the Mustang Mach-E, which I completely love.

Regardless of full electrical autos dominating the listing of autos Tesla drivers are almost definitely to commerce in for, about half of Tesla homeowners on this case had been buying and selling in for non-electrics. Nonetheless, recall that that is Tesla autos traded in at auto dealerships, and doesn’t embrace trade-ins to Tesla itself. Undoubtedly, a big portion of Tesla drivers commerce in for brand spanking new Teslas. Nonetheless, excluding that matter, the information inform us that we nonetheless want much more EV fashions — since six EV fashions dominate the highest trade-ins listing however EVs total path gasmobiles (of which there are various extra fashions in lots of extra courses).

Pickup vehicles stand out right here since trade-ins for these pickups appear to point that many Tesla homeowners who need or want a truck are usually not within the Cybertruck. Although, given restricted availability of the Cybertruck nonetheless, maybe it’s early to be leaping to such conclusions. Additionally, the pickup vehicles on that listing above simply come to 11.4% of Tesla trade-ins. And nobody ever thought that each Tesla proprietor would really like the Cybertruck anyway.