That's when Tesla Model3 had the biggest declines in price though... and Tesla ModelY had plenty of price drops throughout 2023. If EVs are selling less, despite huge declines in price, is that not worrisome?
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We can also look at the used-price: https://www.cargurus.com/research/price-trends/Tesla-Model-3...
Used is important for people who plan to sell their vehicles later. If your car declines from $50k to $45k over a few years of use, you feel good. But if your car declines from $65k to $35k after a few years of use, you don't feel near as good.
Car sales are down all around. https://www.nytimes.com/2024/01/03/business/economy/auto-sal...
No car retains its value well, but for a long time the Model 3 retained more of its value than any other mainstream car. That's eroding now because prices are lower and the subsidy is back.
You can't have it both ways. Either we want cheaper cars or we want them to keep their value longer.
For one, I'm happy prices are down, it will help with adoption. It's ok that my car is worth less. I don't plan on getting rid of it.
Yeah, there's a big absolute drop Q4 23, but it's still up a lot YoY. But a small percentage drop. It's simple, fewer cars were sold by everyone in Q4 2023 regardless of engine.
What the article says is that compared to the most amazing sales ever, sales are down a little, but still astronomically better than ever.
The sales of almost every model of EV are up astronomically.
Raw data available here https://www.cncda.org/news/california-new-car-dealers-associ...