Tesla Homeowners Largely Commerce In For Teslas, Not Fuel Automobiles

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I wrote a number of days in the past about the automobile fashions Tesla homeowners have been almost certainly 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 homeowners who commerce their vehicles into Tesla for one more Tesla. Nevertheless, some information shops put out headlines like “Most Tesla Homeowners Commerce In For Fuel Automobiles.” That’s fully incorrect and deceptive, for the explanation I simply identified.

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

The important thing level is that 70% of Tesla homeowners and lessees who commerce their vehicles in achieve this 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 based mostly on information from S&P World Mobility, which collects state-by-state registration information. It’s not based mostly on surveys at auto dealerships. It’s for the interval January 1, 2023 to February 29, 2024, and signifies that 60,022 Teslas have been launched by their homeowners in that point within the US.

One other 11% of trade-ins are for full-electric vehicles and vans. So, meaning 81% of trade-ins are for fully battery-electric automobiles. One other 2% acquired a plugin hybrid, and one other 4% past that acquired a standard hybrid (full hybrid or gentle hybrid). Simply 13% of householders switched to a pure gasoline-powered automobiles, and 1% a diesel-powered automobile.

To repeat: no, most Tesla homeowners 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 information I referenced a number of days in the past, for the reason that Edmunds information was based mostly on auto seller information, and Rivian sells on to clients, not by way of auto sellers. I used to be really shocked this determine was so excessive, although. It appears Rivian is on to one thing.

Be at liberty to make use of this publish to close down the misinformation for those who see it popping up in your favourite social media web site.