Electrical automobiles are exhibiting the largest value drops, with a 2% MoM fall from £25,683 to £25,177 and a YoY fall of 13% from £28,829. Three Tesla fashions are included within the 5 largest value falls in February, in keeping with Motors Market View.
The most important value drop was the all-electric MINI hatchback (3 to 4 years), down 5.6% to £14,249. The second largest value drop was the Tesla Mannequin 3 (3 to 4 years) down 5.4% to £20,859, adopted by the Tesla Mannequin Y (2-3 years) down 4.9% to £29,639, the Vauxhall Grandland (below 1 12 months) down 4.8% to £21,421, and the Tesla 3 (4 to five years) have been in fifth place, down 4.2% to £19,009.
Lucy Tugby, advertising director of Motors, stated: “Our Market View data shows that ongoing price reductions have encouraged more dealers to add Teslas to their stock mix. With Tesla Model 3 prices averaging £20,300, these vehicles are becoming more affordable for consumers.”
The typical value of used Teslas has fallen 22% since February 2024 and was down 5% MoM.
Common supplier inventory volumes in February have been down 8% MoM from 53 to 49 items.
Automotive grocery store volumes have been down 12% MoM from 201 to 177 items, franchised sellers down 14% from 60 to 52 items, and independents remained unchanged at 37 items.
Tugby stated: “February noticed sellers buying and selling via the inventories that they had inbuilt January, with consumers benefiting from some aggressive costs, as witnessed by sooner gross sales.
“These dynamics left many dealers well placed for the March plate-change where the influx of trade-ins and part exchanges from the debut of the 25-plate will carry momentum into the second quarter.”
