In recent months, Ken Harvey has expanded his Honda and Mazda dealership operations in Northern California by venturing into the used Tesla market. Mr. Harvey participates in local automobile auctions to acquire pre-owned Teslas, which he then resells at competitive prices. This affordability is partly due to a $4,000 federal tax credit available for purchasing used electric vehicles priced below $25,000. With additional state incentives, some buyers can acquire used Model 3 sedans for less than $20,000, significantly undercutting the cost of a new vehicle. Since the start of the year, Mr. Harvey has sold approximately 20 used Teslas, with current stock moving quickly.
— new from The New York Times
