Used electric cars selling 10 days quicker than market
Used electric cars sold in an average of 20 days on Auto Trader during August compared to 30 days for the wider market.
Electric cars have now been the fastest-selling fuel type on the platform for four months in a row.
Auto Trader data revealed that electrics made up six of the 10 fastest-selling used models in August, with the electric Polestar 2 and MG4 both taking 17 days to sell on average.
Meanwhile, the average advertised price of an electric car aged one to three years was £20,037 in July, compared with £18,731 for a petrol equivalent.
Auto Trader head of strategy and insights Marc Palmer said: “Electric remains the fastest-selling fuel type, whilst the strongest demand is concentrated among three-to-five-year-old EVs, where greater affordability is helping drive some of the fastest sales in the market.
“Demand isn’t moving uniformly across every fuel type, age profile or model, and the vehicles performing best aren’t always the ones broader market trends might lead you to expect. Staying close to live retail demand and using data to inform sourcing, pricing and merchandising decisions remains critical.”
