Used electric vehicle prices edging upwards
The average values of used petrol and diesel models are falling, but used electric vehicle prices are moving in the opposite direction.
Analysis from CarGurus found that the 10 models which saw the greatest fall in price in the first half of the year were all petrol or diesel.
In contrast, seven of the most popular used electric cars saw average prices increase over the same period. This compares to the first half of 2025, when electric vehicles accounted for eight of the 10 fastest-depreciating models.
Data revealed that the average price of a used Skoda Enyaq which rose 10% from £20,557 to £22,576, while the Hyundai Ioniq 5 was up nine per cent, the BMW iX3 rose seven per cent, and the Ford Mustang Mach-E saw prices rise five per cent.
Clear shift
Chris Knapman, editorial director at CarGurus UK, said: “As we pass the halfway point in 2026, there has been a clear shift in the used car market, most notably in the increasing consumer demand for EVs.
“One of the biggest catalysts for this was likely the sharp rise in fuel prices that happened during the spring, which made the cost advantage of going electric even harder to ignore.
“Combined with used EV prices that had already fallen a long way, it’s perhaps no surprise that demand, and therefore prices, for several popular electric cars have started to climb.”
