As Hertz unloads its Teslas in a strategic about-face and used EV prices tank, a $25,000 Tesla is now reality.
Hertz has plenty of electric vehicles, especially Teslas, that it's motivated to sell since pulling back on its aggressive EV plans, at what the rental car company calls 'no-haggle' prices.
The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted., with 20,000 electric vehicles from its global fleet, representing nearly a third of the rental-car company's existing EV inventory, on the dealer lot. The move, viewed as a stumble in Hertz's EV strategy — in 2021, itto order hundreds of thousands of Teslas, Polestars and battery-electric GM models — also reflects a sobering up of the electrification hype within the U.S.
Three years is considered a"sweet spot" among used electric cars, including used Teslas, according to Yossi Levi, who as theopines about buying new and used cars."The best bang for the buck for consumers in the market today, bar none, is the used electric vehicle," he said."And the best-value purchase is likely a three-year-old EV.
Buying a pre-owned Tesla is also possible through a few different online marketplaces. For example, CarMax listed 38 2021 Model 3s, mostly long-range versions and priced from $26,000 to $37,000, primarily depending on mileage. Carvana had 133 of the same models, ranging from $26,000 to $38,000.In 2024, there's one other major change in the car shopping experience: artificial intelligence brought into the mix as a sales assistant.
The same question posed to the CarGurus GenAI tool led to a half dozen used Model 3s and links to dealer listings on the CarGurus website, but no mention of Hertz. A follow-up question —"Can you tell me about 2022 Tesla Model 3s being sold by Hertz Car Sales?" — produced the same listings, plus some perfunctory points about purchasing through Hertz.
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