Articles by Laura Berry

CarsGuide’s analytics team has unearthed exclusive data sourced from Gumtree, CarsGuide and Autotrader listings, which shows the second-hand electric vehicle market is primed for buyers with prices dropping significantly over two years.There’s a lot of talk about how cheap new electric cars are getting, and sure the prices are coming down, the BYD Dolphin Essential is the cheapest in Australia at $29,990 (before on-road costs). New electric cars are still on the pricey side, though, and you won’t find many new EVs under the $50,000 mark. Tesla is the most popular electric car brand in Australia, but entry into a new Model Y SUV costs $55,900 and a Model 3 starts at $54,900.  Hyundai’s Kona Electric Kona lists for $54,000 at its most affordable, the Zeekr X is $56,900 for the base car, while the cheapest Volvo EX30 is $59,990.But what about a second-hand Tesla or any used EV? And are there more used EVs available these days?We put the question to our analytics team: has the number of listings and the median price changed over the course of the past two years? We asked the team to concentrate on seven models: the BYD Atto 3, Hyundai Kona Electric, MG ZS EV, Nissan Leaf, and the Teslas — Model 3, Model Y, Model S and Model X.Those particular models were chosen not just for their popularity but also being established here for longer. The Nissan Leaf hatch has been on sale in Australia for 10 years, the Tesla Model S sedan first arrived in 2017 as did the Model X large SUV, while the Model 3 appeared in 2019 and went on to become not just the most popular EV, but one of the most bought cars in Australia. Hyundai’s Kona’s Electric small SUV quietly slipped into Australia in 2019, too. MG’s ZS EV SUV 2020 arrival signalled the start of the Chinese electric wave we’re currently riding. Tesla’s highly anticipated Model Y mid-sized SUV stole the EV show in 2022, followed by the BYD Atto 3 in 2023.The data revealed that the Tesla Model 3 is the most listed used electric car with a total of 7795 live listings over a reporting period starting on January 1 2023 and ending December 1, 2024. The Nissan Leaf is the second most listed used EV with a total of 5633 listed during those 24 months. Third place for listings was the MG ZS EV with 5352. The Hyundai Kona Electric was next with 3045, while there were 1937 listings for the Tesla Model Y.The number of live used listings increased for the Atto 3, Kona Electric, MG ZS EV, but stayed static for the Teslas. We could speculate that used Tesla Model 3s and Ys generally sell faster and therefore don’t accumulate to the degree the others, but further data analysis is needed.  Overall the number of used EVs listed fell from 1148 live listings on January 1 2023 to 746 in December 1, 2024, but during this time live listings rose and peaked at 1643 on March 1, 2024. That made the 12 months from January 2023 to January 2024 a time when the largest number of used EVs were consistently listed before falling to current levels of about 800 total live listings month in and out.The big takeaway is not just how many cars were listed but that the median listing price decreased for all models for the 24 months.The median listing price for the Tesla Model 3 in January 2023 was $65,990, but by December 2024 it was $46,705. Likewise for the Model Y the median listing price in January 2023 was $79,950 and by December 2024 it was $53,987.The BYD Atto 3 despite only being on the market since 2023 saw its median used car price fall dramatically, too, from $51,500 to $36,990 over the two-year reporting period. The MG ZS EV wasn’t immune to the median listing price fall either, starting at $48,071 in January 2023 and ending at $34,300 in December 2024. The most affordable used EV was the oldest — the Nissan Leaf — with a median price of $33,990 that fell to $22,990 over the two years.Only the Kona Electric, which started at $29,800, saw prices fall then increase to $37,300 off the back of the second generation model arriving in January 2024, then fall again to $34,490 by the end of that year.As for the Tesla Model S and X, both also started with higher median listing prices and fell over the 24 months. Both are older models and now available to buy new. Still, if you’re into this kind of thing the data is fascinating with the median listing price of the Model X being $129,990 and dropping to $75,800 after the two years. A bargain considering the Model X listed for $272K when it debuted here in 2017. But would you want an electric car that’s almost a decade old? Well, that’s another story and not the point of this report. Here we just wanted to present the real data from our own analytics team to help give you a better insight into both buying a second hand EV and maybe even help you manage your expectations when selling an EV.     

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