Used electric vehicles hit record sales levels in June
Sales of used electric vehicles hit record levels in June, making up 6.39% of all used car sales in the UK.
Meanwhile, in the under four-year-old category electric vehicles accounted for 13% of total used car sales.
Growth is being driven by falling prices, with the latest Indicata Market Watch report finding that the average retail price of used electric vehicle has now dropped to 55.29% of the vehicle’s original new retail price.
This is down from around 60% at the start of 2025, making electric the sharpest value decline of any fuel type this year.
Prices are expected to come down further with manufacturers expected to flood the market with more electric vehicles to meet ZEV Mandate targets, leading to influx of stock into both the new and used car market.
Price competition
Dean Merritt, Indicata UK’s head of sales, said: “Used BEV sales are still climbing, but it’s clear dealers are having to be more competitive on price to maintain that growth. What’s worrying is that supply is set to increase further, and values could come under even more pressure.
“With rising volumes of nearly-new electric vehicles and limited demand growth, prices are vulnerable. There’s still caution across the wholesale market about stocking the wrong BEV or too many at once.
“We’re seeing more interest from our 2,000-plus buyers in sourcing BEVs, but there’s still a nervousness about resale values and how quickly stock will turn. Managing pricing and inventory mix will be critical in the months ahead.”
