Over the past few months, Ken Harvey has planted an emerging side company to Honda and Mazda in northern California: the sale of the use of used.
Several times a month, Mr. Harvey picks up a few pre -trimmed at a local car auction and offered them for sale, and this is often amazingly affordable, thanks to the 4000 dollar federal tax credit that customers get to buy used electric cars at a price of $ 25,000. He said that some consumers who qualify for state incentives end up with used sedans with less than $ 20,000 – less than half a new cost.
Mr. Harvey, whose family owns four agents in Honda and two Mazda’s privileges in Olaida County, a suburb of San Francisco, where Tesla owns a car factory.
“We have three stocks now, and two on the way,” added. “They will not remain more than a few days.”
Welcome to the other side of the reverse reaction against Elon Musk, CEO of Tesla and one of the closest close associates of President Trump – a prosperous trade in used soil.
Tesla’s used works were growing for years before Mr. Musk and Mr. Trump approached, but Bonhomie was shipped by the turbine.
After its rise during the epidemic, growth in new electric car sales slowed in the past two years. This causes Tesla, the leading seller of these cars, to reduce prices, which leads to a decrease in the value of the models used.
After that, after Mr. Musk joined the Trump administration, many Tesla owners around the country began selling their cars as a form of protest or simply because they no longer wanted to link to the company.
This movement has accelerated in the past two months, as Mr. Musk has assumed responsibility for what he and Mr. Trump called the Ministry of Governmental efficiency. Although it is not a government ministry, this federal office was enabled by the president to shoot government employees and dismantle agencies. Some of Mr. Musk’s statements and their actions-including the harsh armed hand gesture that many people have interpreted as a Nazi greeting-angered the owners of Tesla and others who once admired the auto industry.
Dr. Jerome Winjenn from Ann Arbur, Michigan, said goodbye to Tesla, a model 3. Although he led her only 35,000 miles, he circulated it last month to obtain the White F-150 Lightning Electric. The car brought $ 18,000 as a trade, much lower than the original selling price of about $ 40,000.
“I became increasingly interested in Eleon Musk and what he was doing, and the Nazi greeting was the turning point,” said Dr. Winjen, 54. “The symbolism was too much. I felt shame just driving a car.”
Tesla did not respond to a request for comment.
In recent weeks, protests have erupted in Tesla showrooms, and in some cases, Tesla vehicles, shipping stations and buildings were shot. A group called Tesla Takedawn urges Tesla owners to sell their cars and investors to sell Tesla shares. Last month, the group organized dozens of protests in Tesla showrooms and other sites in the United States, Europe, Australia and New Zealand.
Abroad, the rejection of Mr. Musk’s policy and his association with Mr. Trump was a clear impact on Tesla’s works. Its sales in 25 European countries decreased by 45 percent in the first two months of the year, according to Jato Dynamics, a market researcher.
While car analysts believe that Mr. Musk’s political activities play a role in Tesla sales trends in the United States, the precise impact is difficult to define, partly because Tesla does not explode its sales in the United States. It is easier to collect European sales groups because new car registration data is released monthly by government agencies.
It is clear that the number of signs used for sale in the United States is increasing. Autotrader.com included about 11,700 Tesla used for sale by special merchants and sellers in late March. It was about 8000 at the beginning of the year.
According to the other car provider, Edmunds, more Teslas is traded for traders. In March, Teslas in 2017 or the latest in the latest or 1.4 percent of vehicles traded in new or used trucks purchased by agents – an increase of 0.4 percent a year ago.
Stephanie Valdez Street, Director of Industry Vision at COX Automotive, a company that owns Autotrader.com and Manheim Auction Auction, noticed that Tesla sales increased dramatically in 2020 after the Y.
She said that she believed that Mr. Musk’s policy was hurting the Tesla brand, “but we have not yet enough data to determine what” influence.
Anzo Costa, sales manager of Patrick, a merchant group, a family -owned company with eight agents in the Chicago region, said that many customers were trading in Teslias, including 10 last week.
Unlike Mr. Harvey, California merchant, Mr. Costa usually sends trading to wholesale auctions instead of selling it to individuals. This is mainly because Tesla prices were very volatile. Last month, Mr. Costa said, he saw the value of the Tellas used from 10 to 15 percent.
He said: “Tesla market is so frequently changing that I will not take any opportunities.” “I send them to an auction for a higher value than before they really start declining.”
In California, Mr. Harvey said that the demand for a reasonable price was strong despite Mr. Musk’s political endeavors. Cars appeal to many customers who cannot afford new electric cars, but they want to buy one to avoid high prices for gasoline in California.
He said: “We see many participating drivers, and the younger buyers for the first time who will not usually buy Tesla.” “At the present time, this has become a great opportunity for our agent and the customer.”
Robert Cheito and Anosha Bayia The reports contributed.
