Profit margins of used AFVs rise sharply in November
Used AFVs recorded a 15% increase in profit margins on Dealer Auction in November.
Its latest EV Performance Review revealed that the average margin rose from £2,953 in October to £3,401 in November, while the number of bids received held steady at just over 5,000.
The data also found that the percentage of hybrids sold doubled in November to account for 11.8% of all sales, while pure electric models accounted for 1.2% of sales.
Dealer Auction marketplace director Kieran TeeBoon said: “Despite the seasonal slowdown and the uncertainty created by the Budget, November has shown just how robust the used AFV market can be. Yes, the future mileage-based EV tax has caused some ripples, but it reflects the ongoing normalisation of EV and hybrid markets, plus it’s roughly half the cost of tax for comparable ICE vehicles.
“With new investment flowing into the sector and stock quality holding firm, confidence in AFVs is still growing. Our latest figures show that dealers aren’t just testing the water anymore – they’re leaning into the profit opportunity.”
He concluded:
“November’s results tell the story of a strongly positive market, with hybrids continuing to set the pace and EVs gaining welcome traction. With margins holding firm and demand remaining robust, budget expectations are tracking favourably as we move towards the new year.”
