Electric Car Drops Price Due To Abundant Stock, Former Electric Car Controlled By Tesla

Tesla Model Y is the best-selling electric car in the US. (Doc. Tesla)

JAKARTA - Car Gurus is an automotive research and shopping website based in Cambridge, Massachusetts, United States (US) that helps consumers compare price lists for used and new cars.

Car Gurus' latest report for February 2024 (Car Gurus' February Intelligence Report) is quite interesting to pay close attention to the condition of the sale of new and used electric cars in the US.

In the report, it is said that the choice of new electric cars is increasing and the price is decreasing. This is a positive impact of the high stock of electric cars available at dealers.

According to the contents of the report, quoted from Autoblogging, March 12, it was stated that the decline in the price of new electric cars by 8.2 percent was calculated since February 2023. This decline is in line with the current surge in electric car stocks of up to 174 percent.

Meanwhile, the price of used electric cars also shows a similar trend. The average price of used electric cars fell by more than 20 percent, although the increase in stock was only around 27 percent.

However, the highlight is that despite the decline, the overall price of electric cars is still more expensive than gasoline cars.

The Car Gurus report states that the average electric car has only been at the dealer for 107 days, while the new gasoline car is only 76 days. For used electric cars, this figure is slightly better, which is 81 days compared to 84 days for used gasoline cars.

Car Gurus studies also found interesting facts about electric cars that were fastest and slower to sell. Ford E-Transit is the longest in dealers, which is 159 days. The following is a list of 5 new electric cars with fastest and late sales in 2024:

Sales of 5 New Fastest Electric Cars in 2024 (oldest at dealers):

Sales of 5 New Electric Cars Late 2024 (long time at dealers):

Interestingly again, for used electric cars, the Tesla Model 3 and Model Y are the best-selling ones, while Polestar 2 and BMW iX sell best. Meanwhile, in the hybrid, Toyota and Honda segments dominate the new car market. As for used cars, Ford Maverick became king with a record time of only 27 days at dealers.