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 Zachary Shahan
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.
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.)
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.
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?
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:
The @Tesla #Model3 has a cultural magic and desirability about it that made other people keen to attend months or even years to possess one — that is the way you hang on for your resale worth over the years. #KBBBestResaleValue
— Kelley Blue Book (@KelleyBlueBook) January 24, 2019
http://platform.twitter.com/widgets.js(serve as(d, s, identity) (file, ‘script’, ‘facebook-jssdk’));