How Much Is A Cybertruck Worth To Used Car Buyer CarMax? YouTuber Shares Surprising Results
Portfolio Pulse from Chris Katje
A YouTube channel 'What's Inside? Family' tested the appraisal value of a Tesla Cybertruck at CarMax, receiving a quote of $76,000 despite the vehicle's purchase price of over $100,000 and a custom wrap. The Cybertruck cannot be sold for one year after purchase according to Tesla's rules. The video suggests CarMax could sell the vehicle for $150,000 to $200,000. Tesla has begun deliveries of the Cybertruck and has cracked down on reservation holders selling their spots, although listings have appeared on eBay. The Cybertruck's high demand and limited early production have led to a robust secondary market.
January 30, 2024 | 6:31 pm
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NEUTRAL IMPACT
CarMax's appraisal of the Cybertruck at $76,000, despite a potential resale value of $150,000 to $200,000, could impact CarMax's reputation for offering fair market values for used vehicles.
The appraisal might be seen as conservative, but it's unclear how this will affect CarMax's business or stock price, as the Cybertruck is a unique and new vehicle with no established secondary market yet.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
The appraisal of a Tesla Cybertruck at a lower than expected value could reflect on the perceived market value of the vehicle, potentially affecting Tesla's stock price.
The appraisal value from CarMax is a single data point and may not fully represent the market value of the Cybertruck, especially given the high demand and limited supply. However, it could influence investor sentiment in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The article mentions that Cybertruck reservations are being sold on eBay for upwards of $10,000, indicating a strong secondary market presence on eBay's platform.
The presence of Cybertruck reservations on eBay suggests that the platform is benefiting from the high demand for Tesla's new vehicle, which could positively impact eBay's stock in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30