<i>The average price for a used Y has dropped more than $6,000 over the last 12 months to about $30K this month, as shown in the CarGurus chart below. If you go back even further to March 2023, the bottom has dropped out of Model Y pricing, falling more than $20,000.</i><p>Is much of that driven by the price of new Model Ys declining? I bought one last year and (after accounting for rebates/incentives) it was less than half the price of a few years ago. That may suck for people who bought at the high price and want to resell, because of course they won't be able to sell a used Model Y for more than a new one, so that puts a hard upper limit on the value of used ones. But it's kind of awesome for the rest of us.