As demand for new Teslas plummets across a range of key markets, a new study has found that a growing number of Brits are interested in buying a pre-owned example. Whilst some drivers are growing increasingly vocal about cars from the Elon Musk-owned company, with a number of road users vandalising examples in America, the used car statistics analysis organisation Marketcheck UK found that sales of used Teslas increased for the fourth consecutive month in February 2025.
Alastair Campbell from Marketcheck UK highlighted that the rising demand could be due to used prices falling and a large supply from previous salary-sacrifices and company fleets. He explained: “These figures indicate that as the supply of company car Teslas hit the used market there is strong demand in the UK used car market. These numbers only have room to continue increasing as company car owners and salary-sacrifice cars come through the auctions. There are some incredible deals to be had, and dealers with a good supply of correctly priced Teslas will do well in the coming months.”
According to Marketcheck UK, 2,690 pre-owned Tesla cars exchanged owners in February 2025 – an increase of 1,423 compared to 12 months prior.
Out of the four models produced by the brand, the Model 3 family liftback was the most popular among used car buyers – thanks in part to the EV’s affordable price, with examples starting at about £12,000.
Nevertheless, the Model Y also proved popular with used buyers, with the company’s crossover offering a particularly large boot compared to mainstream rivals and an impressive range of up to 353 miles per charge.
Nevertheless, Tesla’s boom in used sales is a stark contrast to how the brand is performing in the new market, with many countries experiencing a slump in demand.
Germany saw the largest decline during February 2025, with sales falling 76% to just 1,429 models, whereas Italy saw a 55% drop in sales over the same 28-day period.
Whilst some markets, including the UK, saw much steadier sales over the month, the shift in demand caused share prices to plunge 15% on March 10 2025, with Donald Trump subsequently vowing to buy a model to help his political partner.
In a bid to revive interest in the company, Tesla is due to launch a heavily facelifted version of the Model Y, their most popular vehicle of 2024, which offers a number of changes compared to the current version.
The front end has been designed to look notably sleeker than the outgoing Model Y, using a new set of thinner headlights and a lower and flatter bonnet line, whereas the interior gets a number of extra standard touches, including heated and ventilated front seats.
Despite the base price falling by £2,000, the new Model Y will also get a slightly boosted range, with the entry-level model capable of covering 311 miles per charge.
