Used electric vehicle sales set new high
Used electric vehicle sales rose again in early May to a new record high according to data from the latest Indicata UK Market Watch.
It found that used electric vehicles sales accounted for 6.34% of total retail used car sales, up from 6.28% in early April
Meanwhile, the average price of used electric vehicles fell just 0.7% in early May, only the second fall in the past nine months.
The data also found that diesels accounted for just over one in four used car sales (27.1%) in early May, a rise of 0.2%, while the fuel type still accounts for over one in four used cars in dealer stock (27.9%).
In contrast diesel registrations account for just one in 20 of new car sales currently.
Dean Merritt, Indicata UK’s head of sales said: “Every dealer, fleet or OEM that we talk to that uses our data is interested in how used BEVs are performing. At the moment is supply and demand are evenly matched which is helping keep prices stable which is good news for the entire industry.
“Whether prices have finally found their level yet we are still not sure, but stability is giving asset owners greater peace of mind when setting reserve prices at auction.”
