Edmunds bought a Model Y Launch Series for $61,000 and got offered $44,000 after 11,000 miles — a 28% drop that actually beats the broader EV market.
Context from recent market data
That 28% figure stands out because most mainstream EVs lose around 30% in the first year while luxury EVs can drop as much as 50%. The Model Y’s stronger model y value retention comes from steady demand, software updates that keep older cars feeling current, and Tesla’s ability to hold pricing better than competitors.
What this means for Tesla owners
If you’re sitting on a used Tesla Model Y, the numbers suggest you’re not taking the same hit you would have a couple years ago. tesla model y depreciation has slowed noticeably, which directly improves tesla ev depreciation rates across the lineup. Owners who bought during the 2023-2024 price cuts are now seeing used tesla model y prices stabilize instead of free-falling.
For buyers eyeing the used market, a 28% drop on a loaded Launch Edition with permanent Full Self-Driving included looks like a solid deal — especially when comparable new inventory still carries higher MSRPs.
Bottom line
The data lines up with what I’ve been tracking: model y resale value is holding up better than the rest of the EV segment right now. If you want the latest numbers and real-world examples, check my deeper dive at https://www.denniscw.com/blog/tesla-model-y-depreciation-2026.
For current used Tesla Model Y prices and market trends, see the 2026 update at https://www.denniscw.com/blog/used-tesla-model-y-prices-rising-2026-market-update.
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