The Appraisal Danger Zone ??
Unless your name is Kenny Loggins, you don't need to take the highway to the EV danger zone. That is exactly what anyone looking at only old transactional data (up to 45 days old), in the volatile world of electric vehicle (EV) valuations. It's not just looking through the rearview mirror anymore, it's about looking through the windshield around the corner.
Tesla has dropped the prices of several models in 2023.? The Model S and Model X base prices have dropped again, and the recently revealed Standard Range models are gone. This has become a common occurrence with Tesla, and these changes have a ripple effect all EV values. Across all brands, makes and models.
The Model X Long Range is now available for $79,990 USD, down from $98,490, an 18.7% reduction.?Or approximately $8,500 less than the price was yesterday. The Plaid models are over $18,000 less than they were yesterday.
How should dealers handle appraising these vehicles, to minimize risk? Or how can dealers insulate their Used Car Departments from these volatile valuation swings of $10,000+ with EV's? How can dealers anticipate these wilds swings in values, overnight?
A good start is with real-time data, 24 hours a day, 7 days a week. If you have an online appraisal tool on your website, or a showroom tool for providing instant cash offers, simply enter any late model Tesla VIN#. You will quickly see that Accu-Trade is the leader in providing real-time, GUARANTEED values, on difficult to appraise vehicles. Take the appraisal challenge for yourself by clicking HERE, and comparing our values to ANY other guaranteed appraisal offer site for yourself. Try our site, and then try any competitor's instant offer site, and you will quickly see the difference.
If you are an Accu-Trade dealer, and you want to liquidate any of your current Tesla used vehicle units before the market values/guidebooks catch up in a week or two; we are happy to help you unload that inventory before the surge. Our forward looking data points allow you to see what is about to happen, weeks before it actually happens. (See Ford Lightning image below) ??
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We help dealers by assuming the risk and exposure of these volatile resale values. We're not a guidebook, or recommending how dealers spend their money. Our guaranteed offer is the same as our appraisal value, because we have skin in the game with dealers. We're not just throwing darts at a board.
Were we way off on July 19th, 2023? Did we save our dealer partners tens of thousands of dollars? Prove me wrong...??
Top 1% EV Volume Retailer in US - GSM @ IQautos
1 年No one lowered a price $18,000 yesterday, I think this is a typo.
Vice President at Holcomb & Associates
1 年Brian, you are "spot-on" with the Tesla appraisals. Tesla is currently 60% of EV market and if dealers do not understand the variance's in appraisal information and how to utilize the variance to their benefit appraising Tesla's, they will lengthen the time their store takes to "buy-in" to the EV world. f If Tesla's aren't properly appraised you will miss deals or lose money in remarketing the Tesla trade-in. Most appraisers are so confident in the tool they have (even though it may have outdated info) that they are UNWILLING to accept that more accurate and dated information may be available.
Director of Content Marketing at CDK Global
1 年Agree the commitment to a single posted price is somewhat laudable. But there is a difference. Most incentives are limited to a time and to rightsize inventory issues that theoretically will be corrected with model year turnover etc. so the next MY will be back to square one and current owners won't see a huge hit to resale value. Actually, each MY usually ticks up a few hundred bucks no matter what. Tesla's price slashes over just one year have hit current owners immediately and it looks like it will never bounce back like an OEM turning to a new model year.
SURCLASSEMENT DE LA MARQUE ET DU PARCOURS CLIENT - 30 années d'intégrité et dévouement
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Professionnel en optimisation Marketing Digital Automobile chez Tempus Digit
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