Battery Electrical Autos (BEV) outperformed the market in November, taking a median of simply 33 days to promote, in accordance with cap hpi. BEVs aged three to 5 years previous, which regularly fall throughout the retail worth level of beneath £18,000, moved in a median of 25.5 days.
Diesel autos have been the slowest to promote (42 days), adopted by Plug-in Hybrid Electrical Autos (41 days). Petrol vehicles carried out barely higher (39 days), and Hybrid Electrical Autos averaged 37 days.
Chris Plumb, head of present automotive valuation at cap hpi, stated: “Because the used automotive marketplace for battery electrical autos continues to mature, it’s encouraging to see that lots of the key efficiency indicators for this gasoline kind, particularly within the necessary retail age band of three to 5 years, are optimistic.
“As we have highlighted, BEVs within this age band now represent exceptional value for money. When factoring in the total cost of ownership (TCO) savings and the remaining battery warranty, they present a compelling offer to used car buyers”.
Sellers have reported regular buying and selling circumstances and unseasonably robust demand. Retail worth changes have been primarily restricted to ageing inventory. Most retailers have averted overstocking, the urgency to chop costs.
Plumb stated: “November introduced challenges for the used automotive retail sector as half-term holidays, the Autumn Finances announcement, and a key courtroom ruling on undisclosed fee funds created uncertainty.
“Whereas the Autumn Finances initially raised issues about client behaviour, its rapid influence was minimal.
“However, retailers face rising operating costs in 2025, including increased National Insurance contributions and a higher National Living Wage, prompting businesses to reevaluate their strategies and workforce planning to mitigate potential profit margin pressures.”
