The Tesla Model Y broke the internet this week. Model 3 breaks Le Bon Coin. Does this mark the end of speculation around the sedan?
Elon Musk made the assembly laugh by announcing that the Tesla Model Y would become the best-selling car on the planet. According to his estimates, which are less simple than they seem, the combination of the market share of SUVs and the curve of the evolution of the Tesla Model 3 is enough to prove that the Model Y can oust the Toyota RAV4. Tesla wants to reassure itself by relying on its production capacities, but when the Model Y begins to gain, it is far from the mark: the RAV4 is the world’s number 1 sold with more than 1.13 million copies in 2021! However, the frenzy around Tesla is far from over, as the European appearance of the entry-level Tesla Model Y has proven to us.
Tesla Model Y: a new entry-level propulsion, cheaper than the Model 3!
An appeal version, equipped with a rear motor (284 hp according to our official source), a small battery (with an estimated capacity of between 55 and 60 kWh), a range of WLTP of 455 km and, above all, a reduced price : €49,990. Or € 15,000 less than the Grande Autonomie version, which promises 395 hp, four-wheel drive and 533 km of autonomy. Unless you are in favor of all the costs of repairs, have a regular use of your SUV in the mountains in winter, or want to assure yourself of an additional autonomy that is probably useless in the real world (it is more of all the distance between stations that matters), the Model Y propulsion weighs heavily on the scales when choosing.
Especially since it manages to be cheaper than the entry-level Tesla Model 3: the SUV is cheaper than the sedan by almost €3,500! A nice discount, if needed 2,500 € more on the Long Autonomy version and 3,500 € on the performance version. In a world where the masses think in relative terms instead of absolute terms when it comes to the price of products, this makes “cheapest” sound like “cheap”. Offering the entire Tesla universe in the form of an equally fashionable SUV, the Model Y has every chance to meet with success.
The overloaded classifications of the used Tesla Model 3
And Friday was proof of that. After the announcement of the American brand relayed in our columns, the little hedgehog who validates orders on the Tesla site has his work cut out for him in the face of the unfortunate influx of orders. Even drivers who clearly had no plans to drive an SUV, or even a Tesla, were seduced. Collateral effect? Classified sites are exploding with an influx of used Tesla Model 3s. In just 24 hours, 171 Model 3 ads were published on the popular Le Bon Coin site. An increase of 362% compared to the previous 24 hours (Thursday to Friday morning, therefore), where only 37 new ads were posted. A real tidal wave in the second-hand market, then tense by speculation and the recent price increase. Does this new, more generous offer allow you to do good business?
More than the law of supply and demand, it’s the aggressive pricing of the new Model Y that could redistribute the cards. Therefore, buyers are more tempted to go for a new SUV than a used sedan that is overpaid by an owner thinking of parting with a Ferrari 250 GTO. Also, the prospect that such a good deal won’t last long has prompted other buyers, in particular Model 3 owners, to rush in, while selling their sedan at more consistent prices to facilitate sales.
Test – Tesla Model Y Performance: consumption, autonomy and measured performance in our Supertest
Low prices on the latest listings
From the first research, these theories are confirmed. And others clearly did not wait long to part with their Model 3 because, from more than 500 listings listed, almost 100 copies of 2022 have less than 20,000 km on the odometer. There are even almost new models with less than 5,000 km, with prices well above new. At higher mileage, most prices eventually drop, if not remain less aligned with Tesla’s price grid.
But it’s actually the price differences that are surprising depending on the posting date. For example this 2022 Model 3 SR+ published a few weeks ago, with 10,000 km at a price of €54,000. That is almost €6,000 more than this other copy, Gris Nuit and also from 2022, with 9,000 km and put online on Friday. At the same price, it is also possible to recover a 2022 sedan with 6,200 km on the clock, against a copy with 14,500 km that has not found a buyer for more than a month.
Of course, the differences are not always marked and the rating of the models is sometimes well maintained. The fact remains that when sifting through the latest ads, only two Model 3s are close to €50,000 out of nearly 40 ads on the first page. On the contrary, when filtering the oldest announcements, the SR + models, even the older ones, passed the € 50,000 mark. This leads us to believe that the rating of the Tesla Model 3 may slowly fall in the coming weeks.
Tesla Occasions pages are no longer competitive
If your budget is tight, know that no Model 3 is shown below 40,000 € at the moment. At this price, you can leave with an SR + version of 70,000 km on average, or with a Long Autonomy that has already exceeded the bar of 170,000 km. At the other end of the table is the Model 3 Performances with thousands of kilometers on the clock for €70,000, or €3,000 more than new!
If good steps are taken through classified ads sites for individuals or professionals, Tesla Used offers still reflect the market situation a few weeks ago, and they are no longer truly competitive. Because if the complete repair of the cars and the extension of the warranty of one year or 20,000 additional km once the initial warranty expires are serious advantages in front of other announcements, the prices are now high. An example of this SR + from the end of 2021, with 13,000 km on the clock, is offered for €56,900. The price is very expensive, even for a Unicorn, when equivalent models published recently sold for €47-48,000.
Used Tesla Model 3: take it or leave it?
Just two days after its debut, the Tesla Model Y RWD is calming down the used Model 3s game. Its price positioning made it possible to lower the prices that were commonly practiced until now. True, there are still some speculators in the market, but the trend is confirmed. And it should continue to follow its deflation in the next few weeks: because even if the Model 3 falls sometimes, its prices are still close to a new SUV. And it must be said that the arguments of the latter are much more attractive, with a more generous accommodation and, let’s say, a finishing quality that is more strict than leaving the Berlin factory. In short, as long as the entry-level Tesla Model Y does not suddenly increase (which is not impossible for Tesla), the Model 3 will be more interesting on occasions. A little more patience to save a few thousand euros.