The steady decline in the price of used EVs may be coming to an end.
That’s a key finding of research from Marketcheck which found that between August and October, the average last listed price rose by £1,359, from £22,162 to £23,521.
Alastair Campbell, Marketcheck UK, said: “After a prolonged period of falling prices, we’re now seeing the first signs that the cost of a used EV may be starting to climb once again.
“Between August and October, average prices rose by over £1,300 – a sharp shift following several months of steady decline.
“This could mark a turning point for the used EV market. With demand remaining strong and supply tightening in some areas, price increases may become more common heading into 2026.
“For drivers considering the switch to electric, now could be the time to act before prices begin to firm up further.”
The used EV sector has been a minefield for dealers. In March this year Indicata reported on the big hit on prices experienced in the trade.
“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,” it said.
