The average price of used EVs rose for the first time in 2024 during Q3, according to Aston Barclay.
The auction company said the average used EV price rose by 3.1% to £17,090, giving EVs price parity with hybrids, which rose by 2.8% to £17,103 – although on average hybrids were older and with higher mileage.
The average price of used petrol and diesel cars was £6,944 and £6,843 respectively, following a 5.4% fall in petrol car prices.
Aston Barclay said that with the majority of hybrids and EVs being onboarded by company car drivers from new, demand for the fuels helped contribute to average ex-fleet car prices rising by 2.4% to £15,455.
Aston Barclay chief customer officer Nick Thompson said: “The used market continues to change and with used EVs and hybrids and used diesels and petrols reaching price parity this should translate into a more straightforward used car buying decision for consumers.
“It is another positive result for the EV landscape this quarter, with stock volumes and consumer demand both increasing.
“This spells good news for the leasing companies where the volume of used EVs coming back from contracts continues to rise.”
