Since Tesla Cybertruck deliveries began almost a 12 months in the past (wild, I do know), people on the used market have had zero clue about how they need to be priced. Early on, these vehicles have been getting flipped for greater than double their MSRP, however that shortly got here right down to the excessive $100,000 vary, to the mid $100s and now there are over 300 listed on the market on Autotrader. Relying on the situation, mileage and whether or not or not it’s a Cyberbeast truck, the costs vary from anyplace between $92,000 and $190,000. That’s nonetheless an enormous variance when you think about all of those Cybertrucks are just about an identical.
Anyway, that is all to say that folks nonetheless don’t know the way a lot these godforsaken issues ought to value on the used market. Earlier than we get into the crux of this Forbes article – the place a author known as up 4 totally different sellers who have been promoting Cybertrucks to see how a lot they value – I’d identical to to level one thing out. You – sure you – can go to Tesla’s web site proper now and order a model new $102,235 (together with vacation spot) Cybertruck that will probably be delivered between “Oct – Nov 2024,” so the longest you’d look ahead to a model new truck is a month. Hell, even if you need a $122,235 Cyberbeast, the longest you’d have to attend is till December.
Please bear that in thoughts if you learn what you’re about to learn and take into consideration the absurdity of what a few of these persons are asking for. This additionally paints a really worrying image of how out of contact a variety of sellers. Right here’s extra from Forbes:
Case 1 — confused: A vendor I contacted in South Carolina advised me that an AWD Cybertruck they’d listed beforehand at round $118,000 was now being provided for round $102,000. However the salesperson I spoke to was unaware of the market dynamics and undecided why the value had dropped.
Case 2 — defiant: a vendor I contacted in Los Angeles was itemizing an AWD CT for $125,000, about $25,000 greater than the value of a brand new AWD mannequin from Tesla. The gross sales supervisor was well-informed and conscious of the market dynamics however he had seemingly logical causes for sticking to the inflated worth. He stated that his dealership had already bought greater than a dozen used Cybertrucks at important markups. After I requested how he justifies the markup, he stated that patrons like the truth that they’ll stroll in and decide up the CT the identical day. And he insisted that although Tesla lists new CTs for October supply, that supply date isn’t essentially assured. “I understand how it really works and generally it’s important to wait a very long time for supply,” he stated, including that he has a contact at a Tesla retailer who retains him apprised of Cybertruck gross sales dynamics. “Our Cybertrucks truly promote very quick,” he stated. And the newest CT on the lot has the Full Self Driving replace, he stated.
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Case 4 — versatile: The fourth vendor I contacted was versatile on worth. Although the AWD CT was listed for $115,000, he stated they’d take the most effective supply and that the Cybertruck had been “consigned” to them from a non-public vendor. The vendor had added wrap — which is completed for beauty and protecting causes — and “new wheels,” he stated. However these after-market modifications didn’t justify the premium the vendor was asking.
At this level, eagle-eyed readers most likely realized I skipped Case 3. Properly, that’s as a result of it’s my favourite. You understand how somebody with a Cybertruck is probably the most annoying individual there’s? Properly, the second most annoying individual there’s somebody who is basically into synthetic intelligence. Right here, the 2 camps meet:
Case 3 — the “AI worth”: A 3rd vendor I contacted in Los Angeles had two Cybertrucks with one being bought for $135,000, in line with the gross sales supervisor. He advised me that “AI determines the value.” After I requested him what that meant, he stated that the AI he makes use of adjusts the value in line with market circumstances. After I defined that Tesla was promoting the identical CT for $99,990 he stated: “Then, I might advocate you purchase the $99,990 Cybertruck from Tesla.”
I don’t know the way lengthy this development will final. I imply, are there actually that many individuals on the market who’re paying tens of hundreds of {dollars} simply to have their Cybertruck a bit of bit sooner? I’m fearful about what that reply is perhaps.
