Average used car values have remained unchanged in March, according to data from Cap HPI.
However, the data firm said the 0% overall market shift for three-year-old/60,000-mile vehicles hid a 1.7% drop in values of EVs.
There was better performance from hybrid and petrol cars, with values up by 0.4% and 0.3% respectively, while diesel car values were static, and plug-in hybrids fell by 0.2%.
Cap HPI head of current valuations Chris Plumb said: “With the latest reduction in values for EVs, this now marks the fourth consecutive month of negative adjustments.
“Over the past 12 months, only two months, October and November, saw stable values, with EVs being the strongest-performing fuel type during that time.
“The EV market continues to be quite fragmented, with performance varying from one model to another, which means we need to keep a close eye on each individual model.
“Looking at the numbers for three-year-old vehicles, we saw that 57% of models experienced value reductions, while 37% managed to hold steady (up from last month’s 30%). On the brighter side, 6% actually saw positive adjustments!”
The overall used car market saw the one-year-old car average value fall by 0.3%, five-year-old cars by 0.2%, and ten-year-old cars by 0.1%.
