The proportion of used hybrid and electrical autos (EVs) stocked by sellers reached file ranges in January.
The 2 accounted for 17% of listings on Motors, up from 12% final January. The expansion in stock share was led by hybrids, up from 8% to 11% year-on-year (YoY), whereas EVs grew from 5% to six%.
Each gas sorts have gained on the expense of ICE autos with petrol falling three share factors to 51% and diesel down three share factors to 32%.
The common value of an EV in January was £25,701, a YoY drop of 15% (£4,391) from £30,092, whereas hybrids had been static at £25,334.
The YoY drops in EV costs was seen throughout all age bands with beneath two years down 14%, 2-5 years down 16%, 5-10 years down 21.5% and over 10 years down 39%.
Extra aggressive EV pricing resulted in some quick gross sales with the MINI Countryman averaging simply 10 days in inventory, adopted by the Volkswagen Golf (11 days) and Audi This fall (15 days).
The quickest promoting hybrids for the month had been the MG ZS (14 days), Audi Q5 (18 days) and Kia XCeed (18 days).
“Our January Market View reveals how lower prices are making used EVs more attractive to consumers, encouraging dealers to add them to their forecourts,” stated Lucy Tugby, Advertising and marketing Director of Motors.
“In December common EV costs dropped beneath £26,000 for the primary time ever, reaching close to parity with hybrids. With extra EVs coming into the used market and a higher variety of fashions to select from, consumers contemplating various gas autos at the moment are beginning to see them as inexpensive options to ICE autos.
“For dealers this means maintaining a good stock mix by fuel type and sourcing EVs with greater confidence. They also now have an opportunity to communicate the increasing affordability of used EVs as part of their in-store and online marketing,” stated Tugby.
