Young used EVs are outselling used diesels, says INDICATA

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Used EV gross sales are outselling used diesels at lower than two years outdated.

In keeping with the most recent INDICATA Market Watch report, EVs accounted for 10.6% of used automotive gross sales in June in contrast with 9.2% for diesel for vehicles beneath two years of age.

This marks a “swift and marked change” available in the market that has seen electrical vehicles battle to promote earlier in 2023.

Nevertheless, issues change within the lower than four-year outdated class the place used BEVs accounted for simply 6.2% of gross sales with petrol main the way in which at 53.8% and diesels falling to 18.2%.

“Speaking to distributors and consumers it appears that there’s larger selection of used EV now available in the market at lower than 24 months outdated which is opening up zero emission motoring to extra drivers,” mentioned Jon Mitchell, INDICATA UK’s group gross sales director.

“Considerably diminished costs led by Tesla additionally proceed to play an enormous half as does the huge funding made by automotive makers in advertising and marketing their electrical automobiles. It has been an ideal storm in June for EVs, and will probably be attention-grabbing to see if these demand traits proceed for the remainder of the yr.”

EV costs fell by one other 1.5% from June to early July, which has helped carry them extra into line with ICE vehicles.

INDICATA’s fastest-selling desk additionally reveals how EV demand is rising with the Tesla Mannequin 3 and Mercedes EQA topping the checklist.

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