Tesla Owners Mostly Trade In For Teslas, Not Gas Cars

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I wrote just a few days in the past about the vehicle models Tesla owners were most likely to trade their cars in for after they traded their automobiles in at auto dealerships. As I famous, these stats don’t catch the Tesla homeowners who commerce their automobiles into Tesla for one more Tesla. Nonetheless, some information retailers put out headlines like “Most Tesla Owners Trade In For Gas Cars.” That’s utterly incorrect and deceptive, for the explanation I simply identified.

Nonetheless, let’s deal with it individually and get extra particular. Somebody directed me to this Facebook post from Auto Buyers Guide revealing the precise numbers and explaining the misinformation.

The important thing level is that 70% of Tesla homeowners and lessees who commerce their automobiles in achieve this for one more Tesla. So, an accurate headline could be: “Tesla Owners Mostly Trade In For Teslas.” Oh, yeah, that’s what I wrote.

That is primarily based on information from S&P World Mobility, which collects state-by-state registration information. It’s not primarily based on surveys at auto dealerships. It’s for the interval January 1, 2023 to February 29, 2024, and signifies that 60,022 Teslas have been launched by their homeowners in that point within the US.

One other 11% of trade-ins are for full-electric automobiles and vans. So, which means 81% of trade-ins are for utterly battery-electric autos. One other 2% acquired a plugin hybrid, and one other 4% past that acquired a traditional hybrid (full hybrid or delicate hybrid). Simply 13% of householders switched to a pure gasoline-powered autos, and 1% a diesel-powered automobile.

To repeat: no, most Tesla homeowners aren’t buying and selling of their automobiles for fuel automobiles, not even shut.

Additionally observe that 9.8% of the Tesla sellers moved to a Rivian. Once more, that wasn’t captured within the Edmunds information I referenced just a few days in the past, for the reason that Edmunds information was primarily based on auto supplier information, and Rivian sells on to clients, not by auto sellers. I used to be really stunned this determine was so excessive, although. It appears Rivian is on to one thing.

Be at liberty to make use of this publish to close down the misinformation in the event you see it popping up in your favourite social media web site.