Hey there. I am Steven Lang. Long time BITOG poster. Part-time data analyst, and hater of all summer lawns that needs mowing.
I just released a study on Tesla and their long-term effects on the luxury car market. Tesla's success has destroyed the resale values of millions of luxury vehicles sold by Mercedes-Benz, Audi, BMW, Lexus, Acura, Infiniti, and countless others.As a matter of perspective, the average three year old Audi A4, BMW 3-Series and Mercedes C-Class is now less expensive than a brand new base model Toyota Camry. Back in 2016 the difference between those models and the entry level Camry was between $4000 and $6000.
The difference. Two independent variables. The increasing demand of crossovers and SUVs in this space. The popularity of seven year loans, and the rise of the Tesla Model S and Model 3 as sales leaders in the luxury vehicle market.
Here's the hard data. A lot of which has not been publicly released until now. It took several months to collect it all and I have plenty that didn't quite make the story so if you're interested, just PM me and I'll be happy to share it.
Hope you guys enjoy it.
https://www.capitalone.com/cars/lea...PSget2v3H3CKB7BX2lx-XuLgi4-YT9QBFS8iF0SY
I just released a study on Tesla and their long-term effects on the luxury car market. Tesla's success has destroyed the resale values of millions of luxury vehicles sold by Mercedes-Benz, Audi, BMW, Lexus, Acura, Infiniti, and countless others.As a matter of perspective, the average three year old Audi A4, BMW 3-Series and Mercedes C-Class is now less expensive than a brand new base model Toyota Camry. Back in 2016 the difference between those models and the entry level Camry was between $4000 and $6000.
The difference. Two independent variables. The increasing demand of crossovers and SUVs in this space. The popularity of seven year loans, and the rise of the Tesla Model S and Model 3 as sales leaders in the luxury vehicle market.
Here's the hard data. A lot of which has not been publicly released until now. It took several months to collect it all and I have plenty that didn't quite make the story so if you're interested, just PM me and I'll be happy to share it.
Hope you guys enjoy it.
https://www.capitalone.com/cars/lea...PSget2v3H3CKB7BX2lx-XuLgi4-YT9QBFS8iF0SY