Used EV and hybrid prices down 10% YoY but signs of stability
- 9 January 2025
Prices of Britain’s most popular used electric and hybrid vehicles rose by 1% in the final three months of 2024, but remain down 10% year-on-year.
Prices of Britain’s most popular used electric and hybrid vehicles rose by 1% in the final three months of 2024, but remain down 10% year-on-year.
The UK’s used car market grew 6.5% to almost two million units in the first quarter of 2024 – the strongest start to a year since pre-pandemic 2019.
The UK used car market continues to bounce back strongly from a challenging 2022, supported by recovering production levels and surging demand for EVs.