Hybrids and EVs collectively accounted for 14% of used automotive listings in October, in keeping with MOTORS’ Market View.
Hybrids took up 9.6% of inventory ranges, up from 7% a 12 months in the past, whereas EVs grew from 3% to 4.6%. Extra youthful hybrids have been bought – these aged beneath two years which have been up by 52% YoY achieved their highest ever quantity and people aged 2-5 years elevated 24% YoY.
Lucy Tugby, advertising and marketing director of MOTORS, mentioned: “October’s Market View exhibits how the higher availability of youthful hybrid fashions is resonating with used automotive patrons weighing up the gas choices for his or her subsequent automotive.
“For many buyers going hybrid is an easier choice to make than committing to a pure EV and we’re seeing this in the number of online views and the fast sales being achieved.”
Petrol dominated used inventory volumes, accounting for 54% of automobiles listed on MOTORS. AFVs elevated on the expense of diesels which dropped from 35% to 32% YoY.
The common worth of a used automotive on MOTORS elevated 2% (£404) in October to £17,899 however this was down £24 YoY (£17,923).
Averaging simply eight days in inventory, the MG3 hybrid was the fastest-selling automotive. The quickest gross sales have been achieved by franchised sellers (20 days), adopted by automotive supermarkets (22 days) and independents (50 days).
Tugby added: “Total, October’s used automotive market proved to be comparatively steady, regardless of among the shopper uncertainty within the run-up to the Autumn Price range.
“Although prices trended upwards, they remained on a par with last October, with healthy demand seeing dealers achieving faster sales than they have for the last two months.”
