Used alternatively fuelled vehicles (AFVs) on Dealer Auction in November showed a 15% increase in profit margin, according to the latest EV Performance Review (EVPR).
The average margin rose from £2,953 in October to £3,401 in November, while the number of bids received also held steady at just over 5,000.
Dealer Auction’s Marketplace Director Kieran TeeBoon, said: “Despite the seasonal slowdown and the uncertainty created by the Budget, November has shown just how robust the used AFV market can be.
“Yes, the future mileage-based EV tax has caused some ripples, but it reflects the ongoing normalisation of EV and hybrid markets, plus it’s roughly half the cost of tax for comparable ICE vehicles.
“With new investment flowing into the sector and stock quality holding firm, confidence in AFVs is still growing. Our latest figures show that dealers aren’t just testing the water anymore – they’re leaning into the profit opportunity.”
The percentage of hybrids sold doubled in November, as 11.8% is notably the highest percentage of hybrids seen since December 2024.
Electric took a small percentage of the overall sales on the Dealer Auction platform (1.2%).
The average age remained at 3.8 and mileage slipping slightly further to 37,746.
The positive metrics come after the Autumn Budget. The major change was the pay-per-mile tax, whereby electric cars will have to pay 3p per mile, while PHEVs will be charged 1.5p per mile from April 2028.
The government is bolstering the Electric Car Grant with a further £1.3 billion to encourage new car sales.
The Volvo XC90 hybrid posted its sixth consecutive month at number one for profits, achieving an average margin of £6,019. The Hyundai Tucson hybrid (£3,861) and Nissan Qashqai hybrid (£3,785) followed.
The Mitsubishi Outlander Hybrid topped the charts for CAP Clean performance.
TeeBoon concluded: “November’s results tell the story of a strongly positive market, with hybrids continuing to set the pace and EVs gaining welcome traction.
“With margins holding firm and demand remaining robust, budget expectations are tracking favourably as we move towards the new year.”
