Previously, Tesla's Used Model 3 Cars were only available for purchase from previous owners. Tesla will make a move to now sell these cars on its website. The cars are currently available online in the San Francisco Bay Area and have a rough $40,000 price point for 2017 Long Range models.
As the market for electric cars continues to grow, so does the second-hand market. However, the resales of electric vehicles bring unique challenges, as safety is a concern for the company that may look to regulate the second-hand sale of its vehicles. Before the used model 3 cars can be sold, they must go through a 70-point inspection. After the inspection, one of two warranty options are available, the first is a four-year 50,000-mile warranty, and the second is a two-year 10,000-mile warranty.
Second Hand Electric Cars
Used Model 3 Cars Will Be Sold by Tesla Online
Trend Themes
1. Growing Second-hand Electric Car Market - The rise in popularity of electric cars leads to an increase in the second-hand market, providing opportunities for sellers and buyers alike.
2. Regulating Second-hand Electric Car Sales - As safety concerns arise, regulations may be implemented to ensure the proper inspection and sale of second-hand electric vehicles.
3. Warranty Options for Used Electric Cars - Offering warranty options for used electric cars increases consumer confidence and incentivizes the purchase of second-hand electric vehicles.
Industry Implications
1. Automotive Industry - The automotive industry can take advantage of the growing second-hand electric car market by expanding their offerings and services to cater to buyers and sellers.
2. Online Retail Industry - As Tesla sells used electric cars on their website, the online retail industry can explore similar opportunities to create a platform for buying and selling second-hand electric vehicles.
3. Automotive Inspection and Certification Services - The need for thorough inspections and certifications for second-hand electric cars creates opportunities for businesses specializing in automotive inspection and certification services.