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MichMan

(16,633 posts)
16. I would freak out too if I used a report about trade ins based on incomplete or lack of data
Sat Mar 22, 2025, 12:47 PM
Mar 2025

The car has already been sold the first time; they already made their profit from it. The fact that a buyer is trading in a used car at all doesn't matter to them; it's all about what they do for their next purchase.

There are only 2 possibilities for a manufacturer when people are trading a car in.

1) People trading in your brand of cars to buy a different brand = not good (lost a customer)

2) People trading in your brand of cars to buy another one of the same brand = excellent (retained a customer and made another sale)

Since Edmunds was unable to provide any data on either of those two possibilities, their article or any conclusions thereof are meaningless.

Recommendations

0 members have recommended this reply (displayed in chronological order):

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...»Reply #16