Used EV prices flatline after two years of decline
Used EV prices have largely flattened over the summer, according to new data just released, suggesting the market may finally be emerging from the sharp price drops of recent years.
The data from MarketCheck shows that the average sold price of a used electric vehicle stood at £22,625 in July 2026, virtually unchanged from £22,603 in June.
Used EV prices stabilise
The figures indicate that the market has entered a period of price stability following a prolonged period of decline.
Used EV prices fell from £24,353 in January 2025 to £21,564 in April 2026.
However, since reaching that low point in April, prices have recovered and then plateaued.
The average sold price increased to £21,921 in May, before rising again to £22,603 in June and remaining basically unchanged in July at £22,625.
Prices starting to recover
The data suggests that the significant depreciation seen across the used EV market during 2024 and 2025 may finally be beginning to ease.
Alastair Campbell, from MarketCheck UK, said as used EV prices stabilise: “For much of the past two years, falling prices have been one of the defining characteristics of the used EV market. What we’re seeing now is something very different.
“Prices have recovered from their spring lows and have remained remarkably stable throughout the summer. A stable pricing environment creates greater confidence for both retailers and consumers and makes it easier for businesses to forecast values.”
