Tesla Model 3 retains its spot atop Carvana’s list of best-selling used EVs
The Tesla Model 3 was the No. 1 electric vehicle choice among Carvana’s customers in 2023.
Just like in 2022 and 2021.
The Model 3 continued its dominance over the sector in the online used-car retailer’s annual list of its 10 best-selling EVs. And, like last year, it was followed by the Nissan LEAF, Tesla Model Y and BMW i3, though in 2023 the Model Y moved from fourth to third, surpassing the BMW.
The rest of the list includes the Chevrolet Volt, Tesla Model S, Tesla Model X, Ford Mustang MACH-E, Volkswagen e-Golf and Chevrolet Bolt EV.
Carvana said it sold 57 makes and models of EVs last year, 29% more than in 2022.
“We are dedicated to building an inventory that reflects our customers’ tastes and preferences, and that includes increasing our selection of electric vehicles as more models come to market and more consumers choose to buy cars in this category,” Carvana senior vice president of inventory Brian Boyd said in a news relase.
“We are focused on building selection across all price points to make used EVs as accessible as possible to all interested customers.”
The Model 3 is by far the top-selling used EV in the nation, according to data from iSeeCars. In its recent Most Popular Used Cars in 2023 study, the automotive research firm found the Model 3 accounted for a staggering 34.9% of all used EV sales last year, almost triple the market share of the second-place Model Y.
That said, the gap is narrowing. The Model 3’s market share is down from 40% in 2022, while the Model Y’s rose from 10.3% to 11.9%.
Tesla’s hold as a brand on the EV market is slipping a bit, too, as the Chevy Bolt and Nissan LEAF both jumped past Tesla’s Model S and Model X into third and fourth in sales. The market share of those Tesla models plummeted from 9.8% and 7.7% to 5.6% and 5.5%.
The Ford Mustang Mach-E, Audi e-tron, Porsche Taycan and Volkswagen ID.4 rounded out the iSeeCars top 10 sellers.
“Most of the top-ranking electric cars are showing their age, with only the Model Y being relatively new to the market,” iSeeCars executive analyst Karl Brauer said in the report. “And in this race of older EVs, the aging Bolt and LEAF pulled ahead of the aging Model S and Model X.
“Without major updates to Tesla’s most expensive vehicles they are likely to continue dropping in popularity.”