Record low for prices for used Teslas in the UK

The volume of used Teslas being offered on the second-hand market continued to increase during the first quarter of the year, with 2,951 models sold in March, according to the latest Marketcheck data.

However, there was a 20.5% decrease in the number of used sales in April, falling to 2,347, the lowest monthly sales total so far this year.

Marketcheck also says that the average last used listed price of all four Tesla models has continued their downward trend.

Models Y, X, 3 and S have all seen average used values fall by almost a third (30%) between May 2023 and April 2025.

The average last listed price of a used Model Y sold in April was £29,938.

The Model Y has seen the largest fall in price over this time period, falling by more than a third (36.4%) from the average last listed price in May 2023 of £47,068.

This is the largest drop in price of all four Tesla models over the period covered by Marketcheck’s analysis.

The used price has fallen by 5.9% between January 2025 and April 2025, decreasing by £2,785.

The Model S has seen the largest drop in average last listed used price this year.

The average used price fell by £3,147 (11.9%) in the first four months of 2025.

In January, the average last listed price was £26,983, falling to £23,447 by April. Compared with May 2023, the Model S has fallen by 31.1%, with an average £34,024 price tag in that month.

In April 2025, the Model 3 became the first used Tesla to fall below the £20,000 mark in the UK.

In this month average last listed used price fell to £19,842, a decrease of £11,222 (36.1%) compared to May 2023 and a 5.7% (£1,759) fall since the beginning of this year.

The Model X remains the most expensive used model available in the UK market.

In May 2023, the average last listed price was £51,934. This has fallen by £17,519 (33.7%) in April 2025.

The average last listed price does not appear to be significantly related to market supply.

Sales of the Model X have ranged between 51 and 102 between May 2023 and April 2025. Fewer cars were sold in April 2025 (79) than May 2023 (92).

Source: Marketcheck

Alastair Campbell, from MarketCheck UK, said: “It is becoming increasingly more affordable to buy a used Tesla in the UK. Prices may only continue to drop as owners choose to upgrade.

“Marketcheck will continue to analyse trends as they emerge across the UK used car market.”

Marketcheck tracks more than 650,000 cars and 11,500 dealers across 16,000 locations daily and match the data against the DVLA, SMMT and other data sources for normalisation and accuracy.