Commerce-to-trade gross sales on alternatively fuelled automobiles (AFVs) jumped by 64.9% in 2024 in contrast with 2023.
The digital market noticed 51,259 bids acquired on AFVs and 204,058 advert views, delivering year-on-year will increase of 25.83% and 16.6% respectively.
Supplier Public sale stated that though AFVs nonetheless signify a small proportion of the market – 5.6% on the Supplier Public sale platform – the info illustrates that an increasing number of sellers are eager to faucet into the revenue potential of those fashions.
Supplier Public sale market director, Kieran TeeBoon, stated: “The EV Efficiency Evaluate continues to yield intriguing insights about an evolving used market. The info exhibits sturdy stats for used AFVs in 2024 versus these traded between sellers 12 months in the past.
“The remarkable 64.9% jump in trade-to-trade AFV sales underscores the shift in consumer demand toward hybrid and electric vehicles, showing the opportunities for dealers in 2025. It’s an exciting time for the industry, and we’re proud to be at the forefront of facilitating this transition through our digital platform.”
The age and mileage of the AFVs elevated barely in 2024: the typical age elevated by 3% to 4.3 years outdated, whereas the typical mileage elevated by 11% to 38,103. Though, notably in December 2024, the typical age fell to three.1 years, exhibiting the significance of the newest information in addition to broader traits.
Whereas the typical retail margin for AFVs remained broadly unchanged from 2023 (falling by 2.2% to £2,870), that is indicative of the broader UK price of residing disaster and the influence on the automotive business as a complete.
2024 high 10: Common assumed gross margin
Make & mannequin
Gasoline sort
Common assumed gross margin
Common days to promote
Common Auto Dealer Retail Ranking
Lexus RX
Hybrid
£3,525
54
33
Hyundai Tucson
Hybrid
£3,415
55
25
Toyota RAV4
Hybrid
£3,058
35
72
Toyota C-HR
Hybrid
£2,682
37
66
Toyota Corolla
Hybrid
£2,631
39
63
Mitsubishi Outlander
Hybrid
£2,531
35
76
Renault Clio
Hybrid
£2,523
47
25
Kia Niro
Hybrid
£2,480
42
59
Toyota Prius
Hybrid
£2,460
37
55
Toyota Yaris
Hybrid
£2,284
37
67
