Report Summary
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Vehicle: Tesla Model Y (Standard Range, Long Range, Performance, incl. new E41 variant UK)
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Date: August 18, 2025
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Estimated value range (UK): £38,000 – £55,000 new; £32,000 – £45,000 used (1–2 years old)
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Estimated value range (USA): $44,990 – $59,490 new; $35,000 – $51,000 used (1–2 years old)
Vehicle Details (table)
| Parameter | UK Specification | USA Specification |
|---|---|---|
| Engine type | BEV (single/dual motor options) | BEV (single/dual motor options) |
| Battery Capacity | 75 kWh – 93 kWh | 75 kWh – 93 kWh |
| Power Output | 295–430 hp | 295–430 hp |
| Range (WLTP/EPA) | 283–331 miles (UK, WLTP) | 279–330 miles (USA, EPA) |
| Acceleration | 0–60 mph: 5.0–3.5s | 0–60 mph: 5.0–3.5s |
| Drivetrain | RWD, AWD | RWD, AWD |
| Body Style | 5-door crossover SUV | 5-door crossover SUV |
Vehicle History
The Model Y debuted globally in 2020, rapidly becoming Tesla’s top seller by combining the Model 3’s platform with a roomier, more practical SUV body. Its Supercharger network, advanced updates, and efficient electric drive have kept it ahead of rivals. In 2025, Tesla introduced the budget E41 model in the UK, further reducing prices amid competition, and updated the entire range for improved comfort and tech.
Current Market Trends
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UK: Dramatic price cuts for 2025; new E41 variant makes entry Model Y accessible from £38,000–£42,000. Long Range and Performance variants see price reductions, boosting lease and PCP deals. Used values for 1–2-year-old models hold strongly (£32–£45k).
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USA: Model Y remains the most popular EV; 2025 pricing is stable. Used market shows solid demand, low depreciation compared to other EVs.
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Both markets now feature sharper competition from Hyundai IONIQ 5, VW ID.4, and Kia EV6, leading to price positioning and slight discounting.
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Strong residual values, especially compared to average EVs, backed by Tesla’s brand, tech, and charging advantages.
Historical Pricing & Value Forecast
| Year | Median Valuation (UK, GBP) | Median Valuation (USA, USD) | Notes |
|---|---|---|---|
| 2021 | £45,500 | $47,990 | Model Y debut, high demand |
| 2022 | £47,000 | $49,990 | Minor price increases |
| 2023 | £48,990 | $52,990 | Strong sales, global delays |
| 2024 | £52,000 | $54,990 | Facelift, slight price rise, stable used |
| 2025 | £38,000–£49,990* (new) | $44,990–$59,490 (new) | UK price cuts/E41 variant, stable US new/used |
*UK 2025 median includes newly reduced E41 variant entry price.
Price Estimate
| Parameter | UK Details | USA Details |
|---|---|---|
| Estimated Market Value | £38,000–£55,000 new | $44,990–$59,490 new |
| Trend | -15% to -18% price drop in UK; US stable | UK market responding to competition; US in high demand |
| Used Model Range | £32,000–£45,000 | $35,000–$51,000 |
Auction Sales Examples
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UK: 2024 Model Y Performance sold for £43,700 at Iconic Auctioneers, May 2025
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UK: 2023 Model Y Long Range sold £39,300 at Silverstone Auctions, June 2025
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USA: 2023 Model Y Dual Motor sold for $46,500 at Barrett-Jackson, April 2025
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USA: 2024 Model Y Standard Plus sold for $39,750 at Manheim, March 2025
Valuation Methodology
Valuations are based on price guides, dealership and auction results, trade-in data, and up-to-date market analytics sources including Classic.com, Autotrader UK, Carwow, and Manheim, with cross-verification for current pricing and residual values.
Sources
Market information and pricing have been fact-checked using UK and US automotive platforms including Carwow, Autotrader UK, Electrifying.com, WhatCar?, Parkers, Iconic Auctioneers, Manheim, Classic.com. Data reflects the market situation as of August 2025 and may change with market fluctuations or new model launches.