🌍✨ Wrecked Teslas are commanding high salvage prices
Why we’re watching: Numerous automotive reporting sites and industry analysts offer metrics on new and used EV sales, but what happens to salvaged EVs after a total loss?
A Better Bid, a Florida-based auction broker that gives buyers access to salvage and clean-title vehicle auctions, has released internal data that reveals some interesting trends. 💚
The company has seen a sevenfold surge in Tesla listings since 2019, and finds that these vehicles “defy traditional salvage pricing.” The median winning price for a ruined Tesla is a healthy $10,700—nearly triple the platform-wide median of $3,850.
⚡ Why this matters
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🔭 What to watch next
- 📌 Key signal: Numerous automotive reporting sites and industry analysts offer metrics on new and used EV sales, but what happens to salvaged EVs after…
- ✅ Watch for measurable follow-through, not just announcements.
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Reporting curated for GreenTV. Original reporting via Charged EVs.