It’s a buyers’ market! Tesla Model 3 and Tesla Model Y dominate  rapidly growing used EV sales in Australia

AutoExec Summary
Demand for electric vehicles (EVs) is surpassing that of traditional petrol and diesel cars in Australia, especially in the used car market where Tesla dominates. Despite EV sales growing by over 13%, they only make up less than one percent of the market. The top-selling used EVs from January 2023 to March 2024 were mostly Tesla models, with the Model 3 leading the pack. While new EV sales are increasing, there is still a surplus of listed vehicles compared to those sold. This surplus gives buyers bargaining power in the market. It will take several years for the used EV market to mature and establish itself fully. The prices of used EVs have been gradually decreasing due to increased supply. Brands mentioned: Tesla, MG, Nissan, Hyundai, BYD, Mercedes-Benz, Ford, Toyota, Mitsubishi.