Used EV market grows due to chip shortage
The Tesla Model Y is not only very popular as a new car in China. According to dealers, used examples in China are sometimes sold above the new price because the delivery time for a factory-new Model Y is about half a year.
“The only used NEVs in our store right now are Tesla vehicles, and they are selling like hotcakes, basically selling one for every one that comes in,” China Business Journal quotes a used car dealer in China.
“The price of a Tesla Model Y was about RMB 276,000 in September 2021, but because you now need to wait about half a year to get a new car delivered, the price of a used car has now gone up to slightly more than RMB 300,000,” the report further quoted a used car dealer in Shanghai.
cnevpost.com
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