Tesla Model Y Prices Have 'Largest Year-Over-Year Drop'

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At this point, the Tesla Model Y is almost like the iPhone of electric cars. It feels like everyone you know has one, it still does a lot of things better than many of its competitors and even if it's not the newest or most interesting thing on the market, there's still a ton of things it does exceptionally well.

No wonder, then, that the Model Y is still the top-selling EV in the U.S. even as Tesla's sales slow down and more competitors start closing in. That the Model Y can hold its own quite well is even true in the used market, according to data from iSeeCars requested by InsideEVs.

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The folks at iSeeCars say that for one- to three-year-old cars in August 2023 and 2024, the Model Y is the one tied for the largest year-over-year price drop percentage. (Their list does exclude the Porsche Taycan because its costs are so much higher than average, so keep that in mind.)

According to their data, the average one- to three-year-old Model Y cost $44,979 in August 2023. But this past month, the average was down to $33,310—a 25.9% drop good for an $11,670 difference year-over-year.

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