Used electric vehicle sales spike after Middle East conflict
The average number of used electric vehicle sales each day has increased by more than 20% since the start of the Middle East conflict.
According to analysis of daily sales carried out by Marketcheck, an average of around 787 used electric vehicles were sold each day in February.
However, this rose significantly to an average of 1,074 per day in March.
It found that sales volumes increased steadily throughout the month, with multiple days exceeding 1,000 units for the first time, while the highest daily total of 1,657 sales was recorded on 30 March.
Clear increase
Alastair Campbell, Marketcheck UK, said: “The jump in daily EV sales in March is notable, both in scale and speed. We saw a clear increase immediately after the end of February, with volumes rising well above recent averages.
“While the used EV market has been growing steadily, this kind of acceleration points to external factors influencing buyer decisions. Concerns around fuel costs and wider uncertainty appear to be pushing more consumers towards electric vehicles.
“Marketcheck’s data indicates that the used EV market is becoming increasingly responsive to global events, alongside longer-term trends such as improving affordability and availability.”
