Used petrol and electric cars reach price parity
The price of used petrol and electric cars have reached parity for the first time, according to Autorola.
It found that used petrol prices increased by 5.1% to £15,727 from the last quarter of 2025 to the first quarter of this year, while average used electric prices dropped by 9.1% to £15,486.
Meanwhile, the average age and mileage of used electrics in the first three months of this year was 32 months and 20,002 miles compared with 37 months and 22,606 miles for used petrol cars.
Neil Frost, Autorola UK managing director, said: “We have seen a major increase in bids for used electric vehicles on our online MarketPlace portal with sales nearly doubling in just a three-month period.
“This has been helped by used electric vehicle prices falling alongside an increase in volumes reaching auction following the launch of the new 26-plate registration plate in March, while the increase in ICE fuel prices could have also contributed to their popularity.”
He added:
“We have seen price parity on many new electric vehicles and petrols for a while now, but this is the first time we have witnessed it on used cars. It feels like another step change in popularity for used EVs.”
