Tesla: Cybertruck Buyers Cannot Resell Within the First Year

The Tesla Cybertruck is finally getting a formal reveal on November 30, four years after Elon Musk first announced it. While we still don’t have many details on the long-awaited EV, it appears Tesla is taking early steps to preempt the flippers that have ruined so many other recent vehicle launches. The automaker recently updated its Motor Vehicle Order Agreement Terms and Conditions to state that Cybertruck buyers cannot resell the truck for the first year of ownership.

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EV Resale Values Are a Mystery

Have you ever thought about the resale value of electric vehicles? I admit I haven't thought about it as much as I probably should have. Apparently, I am not the only one who is a bit clueless about it -- it's a market mystery.

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Everyone Leases Electric Vehicles Because the Next Crop Will Always Be Better

The automotive industry frames electric vehicles as the future of motoring, but despite a large number of plug-in options already available, the entire idea of owning an electric car is still rather futuristic. Leasing one, however, is far more contemporary.

Growing in popularity, automotive leasing hit a record high in 2016, accounting for 31 percent of all new vehicle sales in the United States. But that’s nothing when you isolate the number of electric cars. U.S. drivers now lease nearly 80 percent of battery-electric vehicles and 55 percent of all plug-in hybrids. Accounting for this trend is a consumer perception that EVs will only get better over time — which isn’t all that different from saying the current fleet isn’t all that impressive.

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No One Wants Your Worthless Small Car, and Its Retained Value Shows It
Is there a tiny pinpoint of light that can stir some meager hope in the heart of the compact and midsize passenger car segment? No, no there isn’t.Even as sticker prices for these vehicles rise and as manufacturers endow them with enough technological goodies to make your mom’s car from yesterday look like a chuckwagon, retained value is dropping as fast as the segments’ market share.Once a driving force, the segment has now become a red-headed stepchild at auction.
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New or Used? If Price Is the Only Thing That Matters, These Depreciation Deals Are for You

Autumn is here, leaves are falling, and dealers are marking down remaining 2016 inventory to free up room for models that won’t sound old in three months.

It’s a good time to hunt for that smoking deal on the 2016 vehicle of your dreams, but if your dreams — and bank balance — fail to reach that goal, looking back another model year could save you a lot of money.

New car looks and a low entry price can be yours if you’re willing to live with a vehicle boasting limited appeal and awful resale value. These are your best bets.

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Bark's Bites: Lincoln and Cadillac Should Be Trims, Not Brands

As our own Matthew Guy has marvelously demonstrated recently, it’s widely known a new-car purchase’s best value can often be found in the base-level trim. Rarely is a vehicle improved in proportion to the cost of additional options. Nor is the money spent on additional options or higher trim levels recovered in resale as secondhand customers are reluctant to pay more money for bells and whistles because, quite often, they’re obsolete by the time the car sells the second time around.

If we take these truths to an obvious conclusion, it can be said that the higher the trim level, the worse the resale value — and in my years of experience working for Autotrader, I can tell you that’s true. Many of the low-end pricing tools used by dealers to determine used car values often don’t even take trim into account.

Is it any wonder then that General Motors’ and Ford’s top trim levels have wretched resale values?

No, I’m not talking about “LTZ” or “Titanium.” I’m talking about Cadillac and Lincoln.

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Want Your Vehicle to Retain Its Value? Make Sure It's Big, or Bigger

If you’re looking to get the most money back when you drop your car onto the used market in five years, better get into something large and utilitarian.

Large and midsize trucks and SUVs grab the top five-year resale values in Edmund’s 2016 Retained Value Awards, with conventional and luxury midsize and large cars depreciating the most.

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Cadillac (and Its Resale Values) Still Haunted by Troubling Past

The lowly Cimarron might be be a distant, nightmare-fuel memory, but Cadillac’s current sales strategy is still being impacted by a history of not measuring up to European rivals.

The luxury automaker’s newest offerings — the CT6 sedan and XT5 crossover — have been saddled with so-so resale values by residual forecaster ALG, according to Automotive News, making it more difficult for Cadillac to offer competitive lease rates.

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Piston Slap: Oil Burning and Carbon Cleaning (Part II)

Arley writes:

Dear Sanjeev, [Oh, come on!!! —SM]

I have a ’03 Jetta 1.9-liter TDI. Do you know if the emission controls were tampered with on these models? If they are not part of the recall, am I to assume everything is as it should be? Resale value has dropped noticeably.

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GM Slapped With Lawsuits Totalling $10B Over Lost Value Claims

General Motors twice experienced the business end of a leather glove Wednesday, when over 20 million consumers demanded satisfaction via two lawsuits totalling $10 billion in claims over lost resale value as a result of the February 2014 ignition switch recall.

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Piston Slap: The Sportcombi's Gloomy Vue?

Even Google knows our first question!

Keith writes:

Sajeev – I’ve gotta get rid of 1 of my 4 family of cars – the family consists of a 2011 Civic LX (for the kids), 2009 Taurus X (for the wife) – and the two on the chopping block – 2006 Saab 9-5 Sport Combi (with 154,000 miles) verses 2006 Saturn Vue V6 (with 131,000 miles). I enjoy different aspect of each of these cars and I’m torn over which one should go.

Here are the pros and cons of each:

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Piston Slap: Your Body is A Temple?

TTAC contributor David Holzman writes:

Sajeev,

My brother Tom’s Prius has been suffering neglect: a scraped door here, a tear in the bumper there, and my heavens, enough dirt to coat all the government buildings in the Washington DC metro area, where Tom lives and works, and pretty soon a two year old Prius is looking like a common beater. He has no plans to fix all this ugliness, but if there’s a logical, cost-benefit case to be made, he will definitely be swayed, as will his wife.

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Blue Book: Toyota And Lexus Hold Their Value Best, But The Winner Is The Wrangler

If you are one of those who are itching to buy a new car after years of economy-induced withdrawal, one of the many questions that may run through your mind is the exit strategy from that shiny new car. In other words: How well will the car hold its value? If you want the executive summary: Buy just about any Toyota, Lexus, or the 2012 Jeep Wrangler.

If you need more detail, hit the jump.

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Not Again! Your SUV Just Dropped In Value

It’s a rough world out there: First new cars and especially SUVs were pretty much unsalable. A few months ago, the recession drove used car prices sky-high. Then truck sales were back with a vengeance. Now that you finally have a new shiny SUV in the driveway (yeah!) you wake up and it has lost a huge chunk of its value, overnight. Says USA Today today: “The run-up in gas prices past $3 a gallon has been running down the value of used SUVs, causing prices to plummet below levels listed in well-known buying guides.”

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Ford's Resale Values Up, Up, And Away

TTAC readers must be a truly un-American bunch. Americans love a deal, or so the saying goes. TTAC readers hate deals, or so it seems. TTAC readers are up in arms whenever it rains generous discounts to prop up flagging car sales. “The resale value will suffer if they do that!” is the echo from our dear readers. If they would only drive Fords, they would change their minds.

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  • Master Baiter "That said, the Inflation Reduction Act apparently does run afoul of WTO rules..."Pfft. The Biden administration doesn't care about rules. The Supreme Court said they couldn't forgive student load debt; they did it anyway. Decorum and tradition says you don't prosecute former presidents; they are doing it anyway. They made the CDC suspend evictions though they had no constitutional authority to do so.
  • 1995 SC Good. To misquote Sheryl Crow "If it makes them unhappy, it can't be that bad"
  • 1995 SC The letters on the hatch aren't big enough. hard pass
  • Ajla Those letters look like they are from AutoZone.
  • Analoggrotto Kia EV9 was voted the best vehicle in the world and this is the best TOYOTA can do? Nice try, next.