Used electric car prices continue to buck market trend
Used electric car prices were up two per cent month-on-month in October, while petrol and diesel prices both fell.
Data from Cazana has revealed that electric values rose by around £400 at the three-year point last month – making it seven months of consecutive growth – and are now 4.7% higher than they were at the start of the year.
Meanwhile, average prices for used electrics are now 11% higher than they were this time last year, representing an increase of about £2,400.
In terms of models, demand was strongest for the Cupra Leon Hybrid, with an average time to sell of 15 days, followed by the Mercedes-Benz EQC and Ford Puma (petrol), both selling within 18 days.
Derren Martin, automotive expert at Cazana, said: “The used car retail market in October looked stable, which is hugely reassuring for the time of year, with volumes increasing from plate-change activity in September and October. Electric Vehicles continue to be the most sought-after, with a two per cent price increase being significant.
“It will be interesting to see if pricing stability continues in the final two months of 2026, particularly as used car demand usually slows at this time of year, and there will no doubt continue to be enticing new car offers & pre-registration activity from traditional and new brands.”
