Used car values dipped 1.7% or £350 in October, outpacing the seasonal average drop as surging trade volumes and aggressive new car discounts squeezed the market.
Used car retail values dipped in September 2026, marking the first monthly price drop recorded all year, although sustained demand for electric vehicles shielded the wider sector from a far steeper decline.
Rising fuel costs are driving a clear shift in the UK used vehicle market, as diesel values drop and motorists increasingly turn to hybrids.
Used electric vehicles continue to outperform the broader UK automotive sector, marking their third consecutive month of faster sales cycles compared to the wider market.
Sustained growth in prices across Britain’s used EV market signals a surge in consumer demand, although industry leaders warn more work is needed to secure long-term stability.
A sustained recovery in electric vehicle values and an unexpected August price rise have boosted fleet defleet prospects and residual values, Cazana reports.
Used car values dropped by 0.9% during August as higher disposal volumes and more selective buying put greater pressure on the wholesale market, but battery electric vehicles (BEVs) bucked the trend.
Used electric vehicle residual values marked their fourth consecutive month of growth in July, surging by nearly 7% since March.
UK used car values defied historical seasonal slowdowns for the third consecutive month, powered by a surging demand for electric vehicles.
Values for used battery electric vehicles (BEVs) have climbed for the first time in eight months, new data from Solera Cap HPI shows.
The zero-emission vehicle (ZEV) mandate is set to continue as the UK’s biggest risk to future EV residual values, according to Indicata.
The UK car market’s transition towards electrification accelerated in 2025, but the shift placed significant pressure on used EV values while creating opportunities for new OEM entrant, new data shows.
2025 was a year of two halves for used EV pricing, with average EV prices dropping by over £2,000 before rising in the second half of the year.
2025 marked a “disappointing” year for the used car industry with hybrids the only fuel type where prices rose, while diesel, petrol and EVs all experienced a price fall.
This week’s introduction of new car grants has now made government support for the used electric car sector now “essential”, the Vehicle Remarketing Association (VRA) says.
Electric vehicles under 24 months are retaining only 47% of their original cost new when sold through trade, as heavy discounts on new EVs drive down values in the used market.
The UK’s used car market will see a flat year for volumes across 2025 but used electric vehicle prices are set to stabilise, Cox Automotive has predicted.
Used electric car values rose 1% at the three-year mark in September, according to new figures from Cap HPI.
The Government must take action now to avoid further volatility in used electric vehicle values, the BVRLA has warned.
Pressure on carmakers to hit ZEV mandate targets will create an “unrealistic and unnatural market” that will impact future residual values, according to Cox Automotive.