The Tesla Model 3 Is the Best Selling Used Car in America
Alex Healey
· 3 min read
Traditionally, the only benefit to getting a
used car
was to save money. However, with the microchip shortage continuing to limit the production of new vehicles, used car values have skyrocketed.A recent study has found that Tesla owners are benefitting most, with Model 3s selling faster than any other used car in America. Additionally, due to a lack of new ones, their resale price is often higher than the initial purchase cost.
Read on to find out why used Tesla Model 3s are selling so well, and learn how
Jerry
can save you hundreds of dollars on car insurance. 
Why is a used Tesla Model 3 so popular?
Electrek
explains that electric cars have always done well in the used car market, because none of them are more than a couple of years old, and consumers can avoid the long wait times associated with buying a new one. Used Teslas became even more valuable when the company’s
EV tax credit expired
, as a key incentive for buying a new one disappeared.These factors, combined with a surge in demand for used vehicles, mean second-hand Teslas are selling like hotcakes. Buyers are reluctant to shop around for better deals out of fear of missing out altogether.
The Tesla Model 3 is particularly desirable thanks to its (relative) affordability and reputation as a genre defining car.
MORE: Popular Mechanics Says This is the Best Website For Buying a Used Car
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The top 5 fastest-selling used cars
Electrek cites a recent study from
iSeeCars
, which determined that used Model 3 vehicles sell in about half the time of the industry average. Here are the top 5 fastest-selling used cars in America for September 2021:Model / average # days to sell / average price
- Tesla Model 3 / 16.0 / $47,453
- Mitsubishi Outlander / 19.7 / $20,849
- Toyota Prius / 20.7 / $22,463
- Honda Insight / 21.2 / $23,964
- Mitsubishi Eclipse Cross / 21.7 / $18,603
While the Tesla Model 3 retains its top spot, this list represents a
shift from earlier in the year
, when the Chevy Bolt and Tesla Model S took second and third spot respectively.In that time, the average price of a used Model 3 has increased from 46,982 to $47,453, and now costs over $5,000 more than the starting price for a new one.
Save big on used car insurance
While it's almost impossible to find a good deal on a used car these days, you can offset some of the cost by saving hundreds of dollars on car insurance.
Jerry
is a free app that enables you to compare quotes from America’s most trusted car insurance providers. No long forms. No calling around. No hard work. Just savings. It only takes a few minutes, and the average Jerry user saves $879 a year.
