Used Cybertruck Prices Fall as New Models Become Available

As Tesla ramps up the delivery of new Cybertruck models, the prices for used Cybertrucks are beginning to drop significantly. This shift comes as a relief to potential buyers who have witnessed the used Cybertruck market endure an extreme pricing cycle, characterized by steep increases that seemed to remain unyielding.

Initially, the used Cybertruck market experienced a surge in asking prices, driven by the vehicle’s rarity and high demand. Prices for used Cybertrucks soared to unprecedented levels, with some models fetching as much as $200,000. However, recent data suggests that this trend is reversing. According to CarGurus, a prominent car shopping website, the average price of used Cybertrucks has decreased notably from approximately $143,000 in June to around $121,000 by August.

This decline in used Cybertruck prices is largely attributed to the availability of new models for quicker delivery. In the early spring, when Cybertrucks were scarce, the market saw exorbitant prices, with some sellers asking for up to $200,000. As new models have become more accessible, these inflated prices are gradually diminishing. For instance, earlier in the summer, used Cybertrucks were still commanding high premiums, with some listings reaching $180,000—an eye-watering amount compared to the prices of new Cybertrucks.

To provide context, Tesla’s pricing for new Cybertrucks offers a stark contrast to the inflated prices of used models. A rear-wheel drive Cybertruck, initially listed for delivery in 2025, was priced at $60,990 on Tesla’s website. Although this model was removed from the site during the weekend of August 10, the Dual-Motor All-Wheel Drive Cybertruck, priced at $99,990, is now available with an estimated delivery window of August or September. Additionally, the higher-end Cyberbeast, priced at $119,990, has an estimated delivery window between October and December.

With new models available at competitive prices directly from Tesla, the question arises: why would anyone opt for a used Cybertruck at a premium? The answer lies in the current pricing dynamics. A quick check on the CarGurus used Cybertruck page reveals that the prices for many used All-Wheel Drive Cybertrucks are now approaching the cost of new models from Tesla. If Tesla continues its rapid delivery schedule, the prices for used Cybertrucks are likely to decrease further.

Zach Doell, the U.S. News & World Report vehicle testing editor, highlights the volatility of Tesla’s pricing strategy. “Tesla tends to adjust these prices with short notice,” Doell explained in an email. “Prospective buyers should keep an eye on their site for the latest developments.” He also expressed skepticism about the possibility of a truly entry-level Cybertruck being priced as low as the $39,000 originally announced in 2019. “We may see a lower cost, entry-level Cybertruck at some point, but I doubt it’ll cost anywhere near the $39,000 originally announced in 2019,” Doell added.

In summary, the recent drop in used Cybertruck prices is a reflection of the increased availability of new models and Tesla’s pricing adjustments. With the average price of used Cybertrucks declining and new models offered at competitive prices, potential buyers may find that purchasing a new Cybertruck from Tesla is a more attractive option than buying a used one at a premium. As the market continues to adjust, keeping a close watch on Tesla’s updates and price changes will be crucial for those looking to purchase.