[OC] Tesla vs Hyundai EV depreciation in Canada – analyzed 6,000+ vehicle listings

I analyzed 6,000+ used EV listings across Canada to understand depreciation patterns for Tesla Model 3/Y and Hyundai IONIQ 5/6.

Data source: Canadian dealer listings (February 2026)

Sample sizes:

• Tesla Model 3: 1,829 listings
• Tesla Model Y: 1,533 listings
• Hyundai IONIQ 5: 765 listings
• Hyundai IONIQ 6: 764 listings

Key findings visualized:

The brand comparison chart shows median prices by model year. The clear "depreciation cliff" happens at year 2-3 (50,000+ km), where vehicles drop 35-55% from MSRP.

Model Y consistently outperforms Model 3 in value retention (5-7% higher at comparable age), likely due to SUV body style preference in Canada.

The most interesting finding: 2022 IONIQ 5 at $32k vs 2022 Model Y at $44k represents a $12,000 gap for vehicles with similar capabilities.

Tools used: Python, PostgreSQL, matplotlib