Used BEVs at three years old are the fastest-selling car type, according to cap hpi.
As of the end of January, three-year-old BEVs were selling within 42 days on average, compared with petrol variants (48 days), hybrids (43), and plug-in hybrids (47).
Chris Plumb, head of current car valuation, at cap hpi, said: “The first half of the month showed very little change in the average number of days to sell.
“However, mid-January saw average days to sell beginning to reduce, particularly improving for franchised dealers, indicating that the used retail market is gathering more momentum.
“The retail market remains stable, showcasing robust consumer demand for BEVs especially, for the vehicles aged between three to five years old as they can offer exceptional value for money.”
Independent dealers reported 45 days on average to sell in January compared with 48 in December and 41 in November.
Car supermarkets sold quicker (36 days) in January, 31 days in December and 23 days in November. Franchised dealers sold theirs in 43 days in January, compared with 40 days in December and 35 in November.
Plumb added: “Values for BEVs at the three-year benchmark experienced a little more pressure throughout January as volumes increased through wholesale channels, following several months of stability.
“However, conversion rates and average days in stock have remained stable and consistent with those of other fuel types.”
