Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)

NJCher

(42,546 posts)
Fri Mar 21, 2025, 05:40 PM Mar 2025

Tesla Trade-Ins Hit Record High As Elon Musk's Politics Alienate Drivers, New Data Says [View all]

More bad news for fleaon.

This story was published by the Essex County Daily Voice (NJ). It doesn't surprise me because there are a lot of Teslas around here, due to the fact that this is a very liberal, blue area. Parts of Essex County are quite wealthy, and the story's angle is people are trading Teslas in for other EVs.

Recently a friend was in my county and we went to dinner. She remarked on how many Teslas there were. I said probably not for long--and then today the Daily Voice published this very well researched article. The figures are national, not just local for NJ.

Also, there are numerous Tesla protests. The big ones are in Union, NJ, and Paramus, NJ. They get a good deal of attention and the one in Union got 400 protestors on March 12. There was another one on the 19th, for which I will check the figures and post back. Since pressure is only increasing on fleaon, it may have attracted even more protestors.

-------------------------------------------------

Tesla owners are trading in their vehicles at record levels as criticism mounts against the company and billionaire CEO Elon Musk, according to new data.

Story by Chris Spiker • 5h

snip

March has marked the highest-ever share of Tesla trade-ins toward new or used purchases at dealerships for other automakers, according to car shopping website Edmunds. The site, which receives more than 20 million monthly views, said interest in Tesla's brand is dipping and consumer loyalty is weakening.

Tesla's share of vehicle trade-ins from model year 2017 or later remained steady throughout 2024, starting at 0.5 percent in January and ending at 0.8 percent in December. That share has risen sharply in 2025, with Teslas now making up 1.4 percent of all trade-ins in March.

snip

Most of the traded-in Teslas have been swapped for other electric vehicles.
So far in 2025, EVs make up eight of the top 10 most-purchased new vehicles following a Tesla trade-in at a dealership. On the used side, many former Tesla owners are still buying Teslas, with the Model Y, Model S, and Model X topping the list.

Still, overall shopper interest in Tesla is declining. The company's new vehicle consideration on Edmunds fell to 1.8 percent in February — its lowest point in more than two years.

snip

Many more depressing figures for Tesla at the link: https://dailyvoice.com/nj/newark/tesla-trade-ins-hit-record-high-as-musks-politics-alienate-loyal-drivers-new-data-says/

22 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
What's the dollar amount you're willing to lose to rid yourself of a car you hate? dem4decades Mar 2025 #1
I took a $10k hit last year piddyprints Mar 2025 #2
Every car depreciates year after year. MichMan Mar 2025 #10
Likely to be further pushed by rising insurance rates on Teslas. flvegan Mar 2025 #3
I have a Chevy Volt JPK Mar 2025 #4
Tesla had 3.2 % of the entire US car market last year MichMan Mar 2025 #5
So? NJCher Mar 2025 #6
From the OP link MichMan Mar 2025 #7
How much is "many"? NJCher Mar 2025 #8
They said they don't have that data, so a complete unknown MichMan Mar 2025 #9
only the point you're trying to make NJCher Mar 2025 #14
I would freak out too if I used a report about trade ins based on incomplete or lack of data MichMan Mar 2025 #16
just so you know NJCher Mar 2025 #20
I recognize your concern about Tesla dealers being profitable MichMan Mar 2025 #21
I'm not concerned about them NJCher Mar 2025 #22
I bet trade in value is terrible. Emile Mar 2025 #11
Most EV are among the highest depreciating cars anyway MichMan Mar 2025 #12
So you're upside down on your car loan. You're not alone. MichMan Mar 2025 #13
you can do better than NJCher Mar 2025 #15
Do you believe that the numbers have changed significantly since last Fall on the number of people underwater on loans? MichMan Mar 2025 #17
this issue is Tesla NJCher Mar 2025 #18
Not that there's anything more dangerous on the road. Kid Berwyn Mar 2025 #19
Latest Discussions»General Discussion»Tesla Trade-Ins Hit Recor...