Surge in Used Tesla Cybertruck Market Despite High Prices

Despite a significant recall affecting nearly all vehicles and a temporary production halt, the market for used Tesla Cybertrucks is thriving. Listings on major car-buying sites have surged, reflecting robust demand for the innovative truck, which commands premium resale prices due to limited new vehicle availability.

Rapid Growth in Used Cybertruck Listings Amid Production Challenges

According to Forbes, the Cybertruck continues to perform well in the secondhand automobile market.

According to data from major car-buying websites, the number of used Cybertruck sellers is increasing. Although Cybertrucks have only been accessible since late November, the activity on car shopping sites is impressive, given the limited supply.

A recent recall and a reported temporary suspension in production in April (WSJ) have further reduced the population. The recall appears to affect nearly the entire Cybertruck population, which, as of April, totaled 3,878 cars.

Many "used" CTs are either new or fairly new. CarGurus lists more than 140 used Cybertrucks available in the United States. While Kelley Blue Book lists approximately 125 used Cybertrucks nationally. The vast majority have quite limited mileage.

Many CTs have fewer than 500 miles, and some appear to be nearly brand new, with mileage of less than 100 miles. Of course, don't anticipate a discount, as new Cybertrucks advertised on the Tesla website have availability and/or delivery dates in 2025, allowing resellers to charge a premium. In addition, the Cybertrucks that have already been delivered are more expensive.

High Resale Prices Reflect Strong Demand for Limited Supply Cybertrucks

Tesla's website lists new rear-wheel drive Cybertrucks starting at $60,990, all-wheel drive models at $79,990, and Cyberbeast vehicles at $99,990, with availability or delivery dates in 2025.

Used prices vary greatly, with some resellers asking as much as $180,000. However, most prices vary from $120,000 to $160,000. The advantage is receiving a Cybertruck immediately and not waiting in line.

It should be noted that Cybertrucks delivered today do not include Autopilot or Full Self-Driving capabilities. Tesla is still testing Autopilot and FSD on the Cybertruck, and owners can enable those capabilities later with a software update. CEO Elon Musk stated earlier this month, "Cybertruck FSD is a few months away."

Photo: TaurusEmerald, CC BY-SA 4.0, via Wikimedia Commons