EV Performance Review reveals spike in sales

Trade to trade sales of alternatively fuelled vehicles rose by 64.9% last year, according to the Dealer Auction’s EV Performance Review.

It saw 51,259 bids and 204,058 ad views – year-on-year increases of 25.83% and 16.6% respectively.

EVs and hybrids still only represented 5.6% of the market on the platform, although the proportion of electric vehicle sales doubled from 0.43% while the proportion of hybrid increased from 2.96% to 4.72%.

In contrast, the proportion of diesel models fell by 4.16%.

Meanwhile, the age and mileage of the AFVs increased three per cent to 4.3 years old, while the average mileage increased by 11% to 38,103.

Dealer Auction’s marketplace director, Kieran TeeBoon, said: “The EV Performance Review continues to yield intriguing insights about an evolving used market. The data shows strong stats for used AFVs in 2024 versus those traded between dealers 12 months ago.

“The remarkable 64.9% jump in trade-to-trade AFV sales underscores the shift in consumer demand toward hybrid and electric vehicles, showing the opportunities for dealers in 2025. It’s an exciting time for the industry, and we’re proud to be at the forefront of facilitating this transition through our digital platform.”

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