Pricey Tesla Model Y fails to find favour in used car market

Elon Musk’s Tesla Model Y ranks as the least in-demand used car, due mainly to its high second hand price tag, according to new research from Uswitch Car Insurance.

In first place, with a total of 321 listings, the Tesla Model Y is an all-electric compact SUV and despite of its sleek design and impressive performance, its steep used price of nearly £38,000 ruled it out of customer favour. 

Following up in second place is its sister model, the Tesla Model 3 electric sedan with only 1,228 listings followed closely by the Skoda Karoq compact SUV with 1,389 total listings at a median used price of nearly £19,000.

The study, carried out by the experts at Uswitch Car Insurance, analysed factors such as average number of listings, median used price and depreciation rate over a 3-year period.

In first place as the most listed second-hand car is the eminently practical Volkswagen Golf hatchback due to its appeal for young professionals and small families

Following up in second place is the Ford Fiesta due to its versatile vehicle that appeals to new drivers, small families, and anyone looking for an economical car followed by the Ford Focus, one of the leading players in the compact family car segment.

The study also found the Ford Fiesta was named as the most desirable second-hand car, followed by the Volkswagen Polo and the Fiat 500. Meanwhile, the Mercedes-Benz A-Class, Mini Hatch and Volkswagen Polo were found to be the second-hand cars that held their value best.

The Least In Demand Used Cars

The Most In Demand Used Carscapture48 w800


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