Used electric cars dominate fastest-selling list
New data has revealed that used electric cars have accounted for 11% of all sales so far in May.
Petrol models remain the most popular powertrain, according to Indicata’s latest Market Watch used car report, with 43% of sales, ahead of diesel (22%).
Meanwhile, used electric vehicles are selling in 29 days this month compared to 41 days in April and a market average of 45 days, with the fastest-selling models all electric (Volvo C40, BMW iX3 and Cupra Born).
Neil Frost, managing director of Autorola UK, parent company of Indicata, said: “The speed at which the demand for used electric vehicles has changed is incredible. Even before the Middle Eastern conflict we had started to see a gradual rise in popularity for used electric vehicles, but the recent huge increase in ICE fuel prices has sent demand through the roof.
“Amazingly used electric vehicle prices haven’t yet responded, but if demand continues at this level, we expect to see prices start to climb.”
