Luxury Car Resale Tumbles And Experts Point To Tesla As The Reason Why

Autospies is trying to hard to give Tesla a win here.
So, traditional luxury brand new vehicle sales are up 20 percent since 2006. New more affordable models at these brands (think A-Class) and the abundance of cars coming off leases would normally lead to dropping residuals due to supply/demand.
But somehow, an imaginary $40,000 Tesla (average transaction price is still around $50,000 for a Model 3) is the sole reason?!?
And before the Elon fanboys get their panties all bunched up, tell me how many $40,000 Teslas are sold in the US.

Actually there are several posts from several sources all pointing to this. The Tesla Effect seems to be a tangible influence here and abroad. Time Will tell if it is just a blip or not.

They are all quoting this same article. The theory is ridiculous. The article even points out that Tesla sales are 1.3 percent of new car sales.. What about the impact of Genesis. Another luxury competitor will also add to the number of used luxury cars. Additionally, given the choice between buying a 3 year old luxury car and say a new Honda (or other example) with up to the date technology, it may require a lower price to make the sale. Tesla may have an impact. but it is negligible compared to the other, larger factors such as a 20 percent increase in luxury in the last 12 years. Ascriging this effect to Tesla is more than a stretch.

The current economy - which favors the rich and super rich - has resulted in larger sales of Luxury cars. However - the Upper Middle and Middle class - who did not receive much benefit from the last tax cut - have incomes that have not kept up (Percentage wise) with their top tier counterparts - result - less people who can afford large - expensive 3 year old Luxury cars.

Add in that changes in high end Luxury cars have been happening more often than before - and end up with too many cars on the market that the middle class CANNOT AFFORD.

And as the last CEO of BMW pointed out, the gap between the top end of the non-luxury segment and the luxury has shrunk and will continue to shrink. Statistics show that many consumers will cross shop a new mainstream model versus a pre-owned (possible certified) luxury if they are in the same price range.

Based on simple internet research - I am not seeing a lot of support for even the idea that Tesla is a major if not THE reason for this - and I am wondering where these EXPERTS are - and who they are. AS I have noted - you really cannot trust a lot of the "polling" companies whose questionnaires can be highly skewed to produce a desired result - primarily because they are supported by the industry itself (Maybe except COnsumer reports). Do we know how many of these experts OWN a Tesla - and/or Tesla Stock?

Luxury Car Resale Tumbles And Experts Point To Tesla As The Reason Why

On to another bit of fake news >>>> Democrats and Republicans agree that Tesla and only Tesla can bring about world peace for the first time in human history.

Ever look at the auction prices for a Tesla outside of California?

I just got a new BMW 750i (leftover 2019 with smaller 'nostrils') and they gave me $15,000 off list, plus a gigantic trade allowance on my 7 year old S550.

Depending on 'who' pays for the discount, these 'residuals off list' %'s are probably misstated. If 'list' BMW's are worth 53% after 3 years, if price is adjusted for true selling price, the % is more like 65%. Just sayin'