Data produced by Marketcheck, the most significant source of data on the UK used car market, shows that the volume of sold EVs per month across the UK is at record highs. The average price of both stock on the market, and sold cars, is at the lowest it has ever been.
The average price of a sold EV has dropped from £30,441 in May 2023, to just £24,378 in June 2024. With the average price for stock on the market falling from £29,105 in May 2023, to £27,306 in June 2024.
In terms of number of used EVs sold- 7,073 were sold in May 2023, with that almost doubling to 13,421 in June 2024.
Alastair Campbell, Marketcheck UK, commented:
“The increased availability and more competitive pricing of used EVs offer great opportunities for buyers looking to make the switch to electric – as many more are choosing to do.
Prices for sold stock have plummeted, and we expect this fall to continue from analysing the growing volume of sold EVs every month.
Our research highlights that there has never been a better time to buy a used EV in the UK market – buyers and dealers should be aware of the potential opportunities. It is a booming market.”
Notes to the Editor:
Marketcheck used UK EV market data:
| Month | Volume of Sold Electric EVs | Avg Price – Stock (GBP) | Avg Price Sold (GBP) |
| May 2023 | 7,073 | 29,105 | 30,441 |
| June 2023 | 7,516 | 29,006 | 29,516 |
| July 2023 | 7,512 | 29,001 | 27,762 |
| August 2023 | 8,458 | 29,111 | 27,766 |
| September 2023 | 8,248 | 29,239 | 27,801 |
| October 2023 | 7,396 | 29,199 | 28,542 |
| November 2023 | 7,514 | 28,741 | 28,076 |
| December 2023 | 6,792 | 28,765 | 29,710 |
| January 2024 | 10,135 | 27,864 | 26,535 |
| February 2024 | 10,343 | 27,463 | 25,588 |
| March 2024 | 11,683 | 27,919 | 25,410 |
| April 2024 | 11,225 | 28,357 | 25,664 |
| May 2024 | 12,889 | 27,634 | 24,857 |
| June 2024 | 13,421 | 27,306 | 24,378 |
If you are using the data, please include a backlink to the Marketcheck website:
About Marketcheck UK:
By tracking data on 650,000 daily car adverts from 11,000 dealers in 14,000 locations, Marketcheck captures an incredible amount of data on the UK used car sector.
Data is matched against the DVLA, SMMT and other sources for normalisation and accuracy.
This includes historical data back to January 2021, broken down by model, price, mileage, days on market, location, website, dealer brand, and so much more.
Contact:
Alistair Harrison
07498 217705
[email protected]