Used automotive valuation information indicata reported a stabilising of used electrical automotive costs in February in response to rising client demand.
In an announcement it mentioned: “The used automotive business has been ready for value stability and that appears to have arrived with used BEV costs altering between August 2024 and February 2025 inside a variety of simply 0.7%.
“There isn’t any hiding the truth that used BEVs have fallen on common in worth by 40.9% since January 2023, which is 4 instances the quantity used petrol vehicles have fallen by (9.5%) in the identical interval.
“Nonetheless, Indicata is experiencing extra sellers seeking to purchase used BEVs from its MarketPlace wholesale platform as sellers construct their shares in response to rising client demand.
“The £10-25,000 bracket is the present candy spot within the retail BEV market, which has stored costs sturdy whereas sellers stay cautious at stocking BEVs at greater than £50,000 which displays diminished client confidence at this value degree.
Dean Merritt, Indicata UK’s head of gross sales, mentioned: “The wholesale and retail markets are now more in line with one another as we move into spring and summer which is another move in the right direction.”
Indicata reported gross sales of used BEVs reaching a document degree in February accounting for six.29% of all used vehicles bought via UK dealerships in response to the newest Indicata Market Watch report.
