BEV costs have moved simply 0.8% between July 2024 and January 2025 (£160 on a typical £20,000 used automotive), based on the newest Indicata Market Watch used automotive pricing insights report.
Gross sales of used BEVs accounted for a 5.9% share of the entire used market in January, a document for the reason that Indicata report was launched 5 years in the past.
Dean Merrit, Indicata UK’s head of gross sales, mentioned: “Having seen month-to-month used BEV costs drop by between 5-10% in 2023, a worth motion of simply -0.8% between mid-2024 and January 2025 reveals simply how far demand and acceptance for used BEVs have come.
“The variety of used BEVs coming into the market will proceed to develop as OEMs purpose to satisfy their Zero Emissions Mandate targets.
“But if the balance of supply and demand continues during 2025 and beyond then it gives BEVs the stability they need to settle down and make their mark on the used market.”
Indicata’s findings mirror a development of steady costs and rising gross sales.
Inventory of used BEVs reached virtually 8% of all used vehicles on the market in UK dealerships on the finish of January which is the very best quantity on document. Fifteen % of the sub-two-year-old used vehicles available in the market are BEVs whereas 10% of vehicles between three and 4 years of age are BEVs.
A rising stage of used BEV inventory isn’t unwelcome as the combination of inventory and worth factors are assorted.
