A new monthly record used car market share for EVs has been reported by Indicata.
The analysis company said that EVs had accounted for 6.29% of all used cars sold through UK dealerships in February.
It said this came at a time when there was also a record level of EVs in stock with dealers, at 8.5% of the total used stock in early March.
According to Indicata, dealers were experiencing “a nice balance” between demand and supply, giving them confidence to increase their used EV stock levels. This came in addition to price stability, with used EV values having shifted within a range of 0.7% between August 2024 and February 2025, following sharp falls in the preceding 18 months.
Indicata UK head of sales Dean Merritt said: “The used EV market continues to make baby steps in line with consumer and dealer confidence levels.
“The increased sales and price stability from our latest Indicata report confirms the foundation is growing stronger for used EVs, which is positive news for the entire industry. Without a viable used market new zero emission sales targets will not be met.
“The wholesale and retail markets are now more in line with one another as we move into spring and summer which is another move in the right direction.”
