Financial news

When Teslas Crash, They Come Here For Auction

By  | 

Via Zerohedge

SCA is one of the top insurance auto auction houses in the country, with 170 locations nationwide. SCA works with insurance companies, dealerships, rental car companies, independent sellers, and leasing companies to auction automobiles that have been in an accident.

The latest trend on SCA has been an increasing number of crashed Teslas, now reaching 284 listed at current auction. Most of the cars are Model S (127) and Model 3 (113), with about 42 Model X SUVs.

After reviewing Teslas listed at current auction, a bulk of them have minor fender benders, some have electrical issues, but most have been in fender benders that if it were a standard petrol engine automobile, would be easily fixable by a local dealership.

It seems that insurance companies are slapping salvage titles on crashed Teslas because it’s “near impossible to repair them, the authorities and Tesla will prevent them being put back on the roads,” said one Twitter user who was commenting on an SCA Twitter post of a newly listed crashed Tesla for auction.

The user added: “The market for trashed spare parts has also dwindled. Scrap value? of mingled and toxic parts? It will cost money to dump ’em.”

READ ALSO  "It's Cozy" - LA Imports Are Paying $800/Month To 'Live In A Coffin'

The #TSLAQ community on Twitter has recently reported that SCA has seen increased volumes of crashed Teslas listed for auction. Some have even noted that these electric cars are going no bid on the auction site.

Another user said, it’s possible to part out these cars, but if someone wants to put one of these cars back on the road, it’s virtually impossible to find parts.

We’ve reported that long wait times for parts and a lack of reputable Tesla-approved repair centers has been a glaring problem for many owners.

Across the internet, Tesla forums are filled with angry owners who regret even buying the electric car because a basic repair could take months. Some owners have reported 4 to 5 weeks, while others said six to nine months for repairs.

For owners who need parts, it’s not yet known, or at least we haven’t seen on any forum, if any owners are crowdsourcing funds to buy crashed Teslas from SCA to part out.

As shown below, some Model 3s listed on SCA are bidding from $25 to $16,300 (as of 11 am Sunday morning).

The increased volume of crashed Teslas on SCA is occurring at a time when the electric car company’s Autopilot is under growing scrutiny, following a former NHTSA head calling for a recall after several fatal accidents associated with Autopilot.

As far as what we understand, and obviously we don’t have the insurance documentation on each Tesla listed on SCA, there was no concrete evidence that any of the cars crashed because of Autopilot.

READ ALSO  Porn, public transport and other dubious justifications for using facial recognition software

However, in a new report by Consumer Reports, they determined that Tesla’s Autopilot was “far less competent than a human driver,” and by examining the type of crashes at SCA, it seems that some of the accidents could have been Autopilot-related.





Print Friendly, PDF & Email

Hold dit netværk orienteret