Vendor demand for AFVs positive aspects momentum at public sale

The volumes of alternatively fueled autos (AFVs) offered at trade-to-trade platform iDealer Public sale rose 13% in September.

Though the typical offered worth (£14,342) and retail margin (£2,740) dipped barely month-on-month, down by 2.6% and seven.6% respectively, commerce demand stays strong with the promoting worth round £700 larger than the primary quarter of the yr.

That is additionally mirrored in a 4.5% improve in advert views and a 13.5% rise in bids, indicating rising curiosity available in the market.

Vendor Public sale market director, Kieran TeeBoon, mentioned: “The expansion in alternatively fuelled car gross sales on our platform, notably the dominance of hybrids, displays the broader shift in direction of extra sustainable car choices within the commerce market.

“Whereas worth changes are a pure a part of this evolving panorama, the rising curiosity, as seen in advert views and bids, alerts strengthening confidence in and demand for the AFV market.

“While the overall size of the AFV market is still low, dealers are increasingly recognising AFVs as a critical part of their portfolios. Many dealers are preparing for sustained growth in this segment as consumer interest continues to rise – driven by policy and manufacturer response. As demand continues to build, we anticipate seeing even greater momentum over the coming months.”

Hybrids proceed to dominate the AFV market, occupying all 10 spots within the prime 10 autos by quantity offered, and 90% of the highest 10 by CAP efficiency and common gross margin.

TeeBoon mentioned: “Hybrids continue to outperform fully electric vehicles in the trade-to-trade market, perhaps due to continued consumer hesitation around EV infrastructure, charging accessibility, and battery life. However, as infrastructure expands and battery technology improves, we anticipate stronger growth in fully electric vehicles.” Sellers see surge in AFV commerce as demand for EVs and hybrids grows