EVs are among the fastest-moving segments in the wholesale used car market in January.
That’s the view of the National Association of Motor Auctions. “The market has started the year on a more positive footing than many expected,” said spokesman Paul Hill,
NAMA said the first week of January was slow but the the market has gathered momentum week by week in January.
It said overall volumes were behind the same period in 2024. Demand for EVs, it said, remains strong, with well-presented stock selling quickly.
It added that the LCV market experienced a quieter start but It added that stock levels had improved.
“Across cars, LCVs and EVs, the market is proving resilient. It is not without its challenges, but demand is improving and week by week confidence is building.
“We are seeing a strong start to the year, and the general feeling is that people are not struggling to sell,” said Hill.
