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Tesla Model 3 Wins (Another) Resale Value Competition — But Kelley Blue Book Awards Sort Of F***ed Up

Tesla Model 3 Wins (Another) Resale Value Competition — But Kelley Blue Book Awards Sort Of F***ed Up

Cars Tesla Model 3 bright red 620x350 - Tesla Model 3 Wins (Another) Resale Value Competition — But Kelley Blue Book Awards Sort Of F***ed Up

Published on January 24th, 2019 | by means of Zachary Shahan

January 24th, 2019 by means of  


Tesla Model 3 Model S red white and blue - Tesla Model 3 Wins (Another) Resale Value Competition — But Kelley Blue Book Awards Sort Of F***ed Up

Less than 3 weeks in the past, Michael Barnard carried out an research for CleanTechnica inspecting the resale worth of the Tesla Model 3 in comparison to competition. The conclusion was once that the Model 3 was once dramatically higher at conserving its worth than different vehicles in its elegance.

More formally and robustly, Kelley Blue Book lately carried out its large research of the resale worth of all vehicles in the United States.

One end result is that the Tesla Model 3 is the most efficient electrical automobile within the nation at conserving its worth. Another end result, in line with the numbers, is that the Model 3 was once just about tied for #1 total relating to resale worth estimates after 36 months.

Tesla Model 3 bright red - Tesla Model 3 Wins (Another) Resale Value Competition — But Kelley Blue Book Awards Sort Of F***ed Up

After 36 months, the resale worth of a used Tesla Model 3 was once estimated to be 69.3% of its unique worth.

After 60 months, the resale worth of a Model 3 was once estimated to be 48.7% of its unique worth.

By the way in which, I’ll take a possibility right here to notice: If you want to minimize air pollution and cross electrical by means of purchasing a Tesla, be happy to make use of my referral code — http://ts.los angeles/tomasz7234 — to get 6 months of unfastened Supercharging (or nine months in the event you don’t hassle to check power the automobile). Just remember to use the code and order a automobile ahead of February 1 to get that bonus. (Note: I collectively personal a Model S with a few different guys, however we most effective get one referral code. That’s why the identify at the referral code web page is Tomasz reasonably than Zachary.)

Tesla Model X red doors open - Tesla Model 3 Wins (Another) Resale Value Competition — But Kelley Blue Book Awards Sort Of F***ed Up

The electrical automobile with the second one highest resale worth was once, because it seems, every other Tesla — the Tesla Model X. The similar figures for the Model X had been 56.7% and 34.3%, respectively.

Yes, to elucidate, the number one Model 3 was once nearly 13 proportion issues higher than the #2 Model X after 36 months, and nearly 15 proportion issues higher after 60 months.

 

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Those Kelley Blue Book effects are only for electrical cars, however how do the Model 3 and Model X evaluate to non-electrics? To be fair, that is the place it will get a bit of complicated to me. Let’s take a look and possibly you’ll be able to inform me what I’m lacking.

According to Kelley Blue Book, listed here are some winners in different categories:

  • Subaru Legacy = “Best Midsize Car” with the next resale values: 51.eight% (36 mo); 38.four% (60 mo).
  • Lexus RC = “Best Entry-Level Luxury Car” with the next resale values: 54.five% (36 mo); 38.five% (60 mo).
  • Audi A7 = “Best Luxury Car” with the next resale values: 47.3% (36 mo); 32.3% (60 mo).

Do you spot the place I were given perplexed? The Tesla Model 3 had a lot better resale worth estimates than any of the ones vehicles, and it’s each a midsize automobile and an entry-level luxurious automobile. So, why is the Model 3 now not the winner in all 3 of those classes?

Tesla Model 3 Silver in rain 2 - Tesla Model 3 Wins (Another) Resale Value Competition — But Kelley Blue Book Awards Sort Of F***ed Up

Jumping over to the winner within the broadest class the Model X competes in, you get this:

  • Chevrolet Tahoe = “Best Full-Size SUV” with the next resale values: 55% (36 mo); 43% (60 mo).

Again, the Model X had higher resale worth estimates than the profitable full-size SUV. … Wait, what? Well, on this case, I assume the Tahoe will be the winner if the 60 month time frame is what issues for the rating, however it’s now not transparent if that’s the case.

Either I’m a moron and am lacking one thing obtrusive, or the Kelley Blue Book awards gadget is severely f***ed up. How can the Tesla Model 3 demolish the contest but now not rank #1 in any related classes? My most effective wager is that the Model 3 hasn’t been available on the market lengthy sufficient to qualify, however then how did it win within the EV class if that’s the case?

Anyhow, whoever manages the corporate’s Twitter account did write a excellent tweet concerning the Model 3 whilst congratulating it for the EV win and surprising figures:

Kudos to that personnel member. 
 
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About the Author

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Zach is tryin’ to lend a hand society lend a hand itself (and different species). He spends maximum of his time right here on CleanTechnica as its director and leader editor. He’s additionally the president of Important Media and the director/founding father of EV Obsession and Solar Love. Zach is known globally as an electrical automobile, solar power, and effort garage knowledgeable. He has offered about cleantech at meetings in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the US, and Canada. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of masking sun and EVs, he merely has numerous religion in those specific firms and appears like they’re excellent cleantech firms to spend money on. But he provides no skilled funding recommendation and would reasonably now not be liable for you dropping cash, so do not bounce to conclusions.



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