Used car valuation guide indicata reported a stabilising of used electric car prices in February in response to growing consumer demand.
In a statement it said: “The used car industry has been waiting for price stability and that seems to have arrived with used BEV prices changing between August 2024 and February 2025 within a range of just 0.7%.
“There is no hiding the fact that used BEVs have fallen on average in value by 40.9% since January 2023, which is four times the amount used petrol cars have fallen by (9.5%) in the same period.
“However, Indicata is experiencing more dealers looking to buy used BEVs from its MarketPlace wholesale platform as dealers build their stocks in response to growing consumer demand.
“The £10-25,000 bracket is the current sweet spot in the retail BEV market, which has kept prices strong while dealers remain cautious at stocking BEVs at more than £50,000 which reflects reduced consumer confidence at this price level.
Dean Merritt, Indicata UK’s head of sales, said: “The wholesale and retail markets are now more in line with one another as we move into spring and summer which is another move in the right direction.”
Indicata reported sales of used BEVs reaching a record level in February accounting for 6.29% of all used cars sold through UK dealerships according to the latest Indicata Market Watch report.
