Tesla can't find buyers for the current backlog of nearly 2,400, or $200 million worth of Cybertrucks, despite claiming over a million orders were received.
Not manufacturers, dealers. A legally required middleman in most of the US. They’ll take your $10k car for $7k and try to resell it for $12k. Even if it gets negotiated to a fair price, they still get the opportunity to upsell used car buyers into extended warranties and maintenance plans.
Tesla is a little different in that they do not have dealers, so they instead do no-negotiatiation sales on their used cars. It’s good for them because they can do the same buy low sell high deal. But when the model is not selling, they’ll have to buy it and sit on that asset for months or dump it at auction.
Not manufacturers, dealers. A legally required middleman in most of the US. They’ll take your $10k car for $7k and try to resell it for $12k. Even if it gets negotiated to a fair price, they still get the opportunity to upsell used car buyers into extended warranties and maintenance plans.
Tesla is a little different in that they do not have dealers, so they instead do no-negotiatiation sales on their used cars. It’s good for them because they can do the same buy low sell high deal. But when the model is not selling, they’ll have to buy it and sit on that asset for months or dump it at auction.