BEV prices have moved just 0.8% between July 2024 and January 2025 (£160 on a typical £20,000 used car), according to the latest Indicata Market Watch used car pricing insights report.
Sales of used BEVs accounted for a 5.9% share of the total used market in January, a record since the Indicata report was launched five years ago.
Dean Merrit, Indicata UK’s head of sales, said: “Having seen monthly used BEV prices drop by between 5-10% in 2023, a price movement of just -0.8% between mid-2024 and January 2025 shows just how far demand and acceptance for used BEVs have come.
“The number of used BEVs coming into the market will continue to grow as OEMs aim to meet their Zero Emissions Mandate targets.
“But if the balance of supply and demand continues during 2025 and beyond then it gives BEVs the stability they need to settle down and make their mark on the used market.”
Indicata’s findings reflect a trend of stable prices and growing sales.
Stock of used BEVs reached almost 8% of all used cars for sale in UK dealerships at the end of January which is the highest number on record. Fifteen percent of the sub-two-year-old used cars in the market are BEVs while 10% of cars between three and four years of age are BEVs.
A growing level of used BEV stock is not unwelcome as the mix of stock and price points are varied.
