Tesla Homeowners Largely Commerce In For Teslas, Not Fuel Automobiles

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I wrote just a few days in the past in regards to the car fashions Tesla house owners had been almost definitely to commerce their vehicles in for after they traded their vehicles in at auto dealerships. As I famous, these stats don’t catch the Tesla house owners who commerce their vehicles into Tesla for one more Tesla. Nonetheless, some information retailers put out headlines like “Most Tesla Homeowners Commerce In For Fuel Automobiles.” That’s fully incorrect and deceptive, for the explanation I simply identified.

Nonetheless, let’s sort out it individually and get extra particular. Somebody directed me to this Fb put up from Auto Patrons Information revealing the precise numbers and explaining the misinformation.

The important thing level is that 70% of Tesla house owners and lessees who commerce their vehicles in accomplish that for one more Tesla. So, an accurate headline can be: “Tesla Homeowners Largely Commerce In For Teslas.” Oh, yeah, that’s what I wrote.

That is primarily based on knowledge from S&P International Mobility, which collects state-by-state registration knowledge. 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 had been launched by their house owners in that point within the US.

One other 11% of trade-ins are for full-electric vehicles and vehicles. So, which means 81% of trade-ins are for fully battery-electric autos. One other 2% bought a plugin hybrid, and one other 4% past that bought a standard hybrid (full hybrid or delicate hybrid). Simply 13% of householders switched to a pure gasoline-powered autos, and 1% a diesel-powered car.

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

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

Be happy to make use of this put up to close down the misinformation in the event you see it popping up in your favourite social media website.