Sales of used BEVs rose again in early May to a new record high, latest Indicata data reveals.

Used BEV sales accounted for 6.34% of total retail used car sales, up from 6.28% in early April, while BEVs as a percentage of total dealer retail stock remained at a record high of 7.5%, according to Indicata’s latest UK Market Watch used car insights report.

The UK remains the only other country in Europe alongside Denmark where the balance of used BEV sales and stock are comparable with one another.

The result is price stability, with the UK experiencing a used BEV price fall of 0.7% in early May; only the second fall in the past nine months, according to the Indicata data. This compares with most European countries where price incentives are being adopted to boost BEV sales.

Elsewhere, diesels accounted for just over one in four used car sales (27.1%) in early May, a rise of 0.2%, while the fuel type still accounts for over one in four used cars in dealer stock (27.9%). In contrast, diesel registrations account for just one in 20 of new car sales currently.

Dean Merritt, Indicata UK’s head of sales, said: “Every dealer, fleet or OEM that we talk to that uses our data is interested in how used BEVs are performing. At the moment is supply and demand are evenly matched which is helping keep prices stable which is good news for the entire industry.

“Whether prices have finally found their level yet we are still not sure, but stability is giving asset owners greater peace of mind when setting reserve prices at auction,” he added.