I hate Elon Musk..Tesla Used Sales Surge in U.S
Feb 18, 2025
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According to US media such as CNN, the average number of used Tesla cars reached 11,300 in the fourth quarter of last year on the used car trading site 'Cox Auto Trader'. This is a 28 percent increase from 8,800 units a year earlier.
There are several factors behind the surge in Tesla used car sales, but it may be due to the surge in Tesla new car sales after the pandemic and the demand for replacement over three years, Cox Autotrader analyzed.
However, the U.S. media reported that some consumers' antipathy toward Tesla CEO Elon Musk affected the emergence of second-hand sales.
In the blue state region, where Democratic supporters abound, the percentage of Tesla vehicle owners buying Tesla new cars again fell 7% P from 72% in the fourth quarter of 2023 to 65% in the fourth quarter of last year.In the red state, which has strong Republican support, the same Tesla repurchase rate increased only 0.6%P from 47.6% in the fourth quarter of 2023 to 48.2% in the fourth quarter of last year.
Musk CEO has established himself as the president's closest aide, fully supporting President Donald Trump's campaign. Currently, he is in charge of the Ministry of Government Efficiency (DOGE) and is conducting large-scale manpower cuts and cost cuts in federal agencies.
However, it is pointed out that it is difficult to link the increase in used sales due to the Tesla CEO's political activities because automobiles are the items that consumers invest and consider the most when purchasing after housing.
Editor Kim Tae-jin, tj.kim@carguy.kr
This article was translated by Naver AI translator.
