Motors

Thursday, 31 October 2024 20:18

MoneyGram Haas F1 Team driver Oliver Bearman will be kicking-off the most exciting year of his career by opening the Autosport International Show (ASI), Europe’s biggest dedicated...

Motors

Tuesday, 15 October 2024 11:00

A hydrogen-powered car fuelled by sewage is attempting to break a land speed record, driving sustainability in racing.

Motors

Sunday, 13 October 2024 15:10

Marketcheck UK, the most significant source of data on the UK used car market, has recorded a dramatic surge in Tesla listings, reflecting the evolving used EV market.

Motors

Thursday, 10 October 2024 11:45

Delta, a global leader in power management and a provider of IoT-based smart green solutions, announced today its 200kW DC ultra-fast EV charger UFC 200 series has been selected to support IZIVIA...

Motors

Friday, 27 September 2024 10:44

Innovative electric charging business EV-OG has launched its first off-grid superfast electric vehicle charger that sets new standards in environmental responsibility and convenience.

Motors

Monday, 23 September 2024 19:54

Electric cars have become increasingly popular, with Tesla often dominating the conversation.

Motors

Monday, 23 September 2024 19:51

The Motorhome & Caravan Show will return to the National Exhibition Centre, Birmingham from Tuesday 15 - Sunday 20 October 2024, spanning almost 21 acres (11 halls) of the NEC.

Motors

Thursday, 29 August 2024 22:08

Following the unprecedented success of the Bentley Blower Jnr’s launch, with first editions rapidly selling out, Hedley Studios has now launched its highly-anticipated configurable options for the...

Motors

Wednesday, 21 August 2024 21:33

With the second edition of the world’s most exclusive automotive concours now less than two months away, the event’s organisers have released details of the enthralling ensemble of pre-1973...

Motors

Tuesday, 20 August 2024 22:29

The highly anticipated Motorhome and Caravan Show is set to take place from Tuesday 15 - Sunday 20 October at the NEC Birmingham.

Motors

Thursday, 15 August 2024 00:10

The public is being warned that a widespread tactic known as ‘fronting’, which is a popular with young drivers looking to save money on their car insurance, is fraud and has serious risks – says the...

Motors

Thursday, 15 August 2024 00:10

The public is being warned that a widespread tactic known as ‘fronting’, which is a popular with young drivers looking to save money on their car insurance, is fraud and has serious risks – says the...

Motors

Tuesday, 13 August 2024 22:46

The Little Car Company proudly announces its rebranding as Hedley Studios, marking a significant evolution in its journey of creating iconic, driveable artworks.

Motors

Monday, 12 August 2024 17:32

NICEIC, the UK's leading certification and training body for the electrical industry, is highlighting to householders in the Midlands the financial benefits of installing an electric vehicle...

Motors

Monday, 05 August 2024 11:36

A small team of dedicated engineers from Nissan’s technical centre in Barcelona entered and completed the Baja Aragon Rally in a modified X-Trail e-4ORCE, powered by Nissan’s unique e-POWER system.

Motors

Sunday, 04 August 2024 13:20

2025 model year versions of the Mazda3 are available to order now, while orders for the 2025 Mazda CX-30 follow later this autumn.

Marketcheck UK, the most significant source of data on the UK used car market, has recorded a dramatic surge in Tesla listings, reflecting the evolving used EV market.

As of October 1st, 2024 - Tesla listings grew by 71%, with a significant increase from 1,263 on the same date in 2023 to 2,157 in 2024. The breakdown of Tesla models highlights notable growth in new sales of the Model 3 and Model Y categories in previous years - these cars are now coming through to the used market.

The Model 3, already the most popular Tesla, saw its listings nearly double, from 731 in 2023 to 1,340 by October 2024. The Model Y experienced exponential growth, jumping from just 64 listings in 2023 to 472 in 2024, a sevenfold increase.

This surge is accompanied by encouraging shifts in average market prices. While the total number of Tesla vehicles has increased, the average price of Teslas on the market has decreased by 11%, falling from £31,115 in 2023 to £27,991 in 2024.

This drop in pricing is particularly attractive, despite a small increase in average mileage from 36,618 miles to 37,740 miles year-on-year. Alastair Campbell, Marketcheck UK, commented: “These figures underline a growing availability of used electric vehicles, specifically Tesla with much higher new sales than in previous years."

“This combined with lower prices, partly due to Tesla's own price drops in April 2024, and cheap deals (Tesla ran 0% finance on M3 LR RWD for a long period), means more choice and better pricing for used buyers. Teslas were seen as the ‘gold’ standard of EVs, and these impressive growth numbers reflect the historical growth and speed of sales in new vehicles from 2019 onwards.

“I expect these numbers to get more interesting as we move into a period when more brands were available (VW, BYD, KIA, MG) in the past 3 years, which will lead to a swing towards these makes in the used EV market.”