Electric vehicles (EVs) and hybrids accounted for almost one in five used cars stocked by dealers in November, according to MOTORS & Cazoo’s Market View analysis.
EVs and hybrids accounted for 18% of dealer stocks, ahead of the previous record in June and three percentage points higher than November 2024.
Lucy Tugby, Marketing Director of MOTORS & Cazoo, said: “Our Market View analysis reflects the increasing confidence dealers have in stocking EVs as more units enter the used car market.
“In addition the softening of EV prices, now tracking at 9% lower than 12 months ago, make them more affordable to a growing number of buyers considering making the switch.
“However, over the coming months we will see whether the Budget’s announcement of a pay-per-mile fuel duty on EVs from April 2028 will dampen some of this enthusiasm.”
EVs increased in volume by 8% month-on-month (MoM) and 32% year-on-year (YoY), accounting for 7% of listings, their biggest ever share.
Hybrids grew 3% MoM and 13% YoY, taking an 11% share.
This growth was largely driven by older vehicles entering the used market with EVs aged five to 10 years old up 91% YoY and 18% MoM while two to five year old models increased respectively by 52% and 10%.
EVs averaged £24,739, down 2% MoM, and hybrids at £24,247, down 1% MoM.
The MG S5 EV was the fastest selling used car in November, being snapped up in 11 days.
Overall stock levels were unchanged MoM at 55 units. The average price of a used car was also stable at £17,859, just £14 more than October.
Demand was strong in November with cars averaging just 29 days on forecourts, selling three days faster than October.
The quickest sales were achieved by car supermarkets and franchised dealers, both 22 days, with independents at 44 days.
