The volumes of electric vehicles going through auction remained high in February reflecting increased fleet and pre-registered supply.
The National Association of Motor Auctions said some of its members reported value movements of around –1.7%, largely driven by higher volumes.
But it said despite this, conversion rates remain strong, with many reporting 70–80% sales rates.
It added that EVs continue to be among the fastest-selling segments, particularly in the three- to 10-year-old category, supported by growing confidence in value and reliability.
LCV performance was mixed, with some members noting softer conditions due to increased volumes of similar stock.
However, good-quality vans and pick-ups continue to perform well, with strong demand and stable pricing.
NAMA spokesman Paul Hill said: “Overall, February reflects a strong market. While we have seen increased volumes, particularly in EVs, demand remains healthy and well-presented stock continues to sell strongly.
“Members remain confident as we move towards the spring trading period.”
