Press Release
White Paper: Tesla Model 3 – 2024 – onwards Part 2
Assessing the impact of Tesla Model 3 de-fleet volumes on The Netherlands used car industry
At the end of 2023 we published our first White Paper on the
likely impact on the used market of the large volume of Tesla
Model 3 used cars that are due to arrive back in at the end of
2024 following the large rise in new car sales in 2019.
New Tesla Model 3 sales reached 30,520 in 2019 due to
governmental driven taxation benefit for company car users
(hereafter “bijtelling”) where they benefit from low or no
personal taxation due to the fulfilment of specific
environmental requirements.
With regard to the Tesla Model 3 we have been keeping a close
eye on how the used market is likely to be impacted by the
surge in new car sales in 2019. In this White Paper we have an
update from our initial White Paper which was published in Q4
2023 when we expected market values to reduce by -20-30%.
In this latest White Paper, we are sharing our very latest
data from September 2024, which shows how the market
is unfolding compared with those initial predictions in our
first White Paper.
In the following pages we have included Part 1 of our White
Paper which set the scene in Q4 2023 for how the oversupply
of Tesla Model 3s was set to impact the Dutch market. We
have then updated our predictions to include an interim
overview of how the market is responding to the influx of used
Tesla Model 3s.