Electric vehicle sales surpassing petrol and diesel
Electric vehicle sales on the BCA platform are outperforming both petrol and diesel this month.
Data from BCA Valuations found that electric cars currently have the highest first-time conversion of any fuel type, as well as the strongest CAP performance.
This comes despite industry concerns around electric vehicle values following the introduction of the Electric Car Grant last month. The grant was launched to support the transition to zero emission vehicles but there are fears it could deflate the electric car used car market.
BCA COO Stuart Pearson said: “BCA’s inventory levels remain healthy for the summer months; we continue to sell more than 1,000 used EVs every week, so supply issues are not driving the daily strong price performance we are seeing in this sector.
“Many motor trade buyers have realised both the incredible value and the profit opportunity that many EVs represent, given the growing acceptance from consumers for electric vehicles.”
Optimum price
He added: “We’ve talked about the remarketing basics for many years, however there are new levels of sophistication that every seller should be using to ensure that EVs reach their optimum price in the market.”
“This includes investing in the right level of pre-sale preparation, describing them properly with in-depth information covering not just the cosmetic and mechanical condition, but also the health of the battery, and aligning all of this with real-time pricing intelligence to support accurate decision making.
“Then it is critical to put these vehicles in front of the largest and most engaged buyer audience, in the right channel and at the right time, for first time entered and sold success.”
