---
title: "Surging demand reported for used Tesla EVs - Marketcheck UK"
date: 2024-07-01
url: https://marketcheck.uk/press/surging-demand-reported-for-used-tesla-evs
type: post
description: "Used Teslas in the UK car market have dropped in price, and the stock has nearly doubled, as per Marketcheck data."
---

# Surging demand reported for used Tesla EVs - Marketcheck UK

Data produced by Marketcheck, the most significant source of data on the UK used car market, show that demand for used Teslas is surging, with average purchase prices at record lows.

In May 2023, the average price for a used Tesla was £41,022.50 - in May 2024, it stands at £32,293.75.

Average days on market has fallen from over 147 a year ago, to just 106 in the latest month recorded - another record low.

Sold volume each month has doubled, going from 812 in May 2023, to 1641 in May 2024.

Stock has dramatically increased, almost by 100%. In May 2023, it was 1706 moving to 3376 in May 2024.

Alastair Campbell of Marketcheck UK commented: “Anyone on British roads will have noticed the surge in use of Teslas, and many of those were company cars or sold under the EV SalarySacrifice employee schemes. As these cars are coming off these deals and entering the used market, the combination of increasing volumes, Tesla’s own price cuts and higher interest rates are driving the sale price of these cars down in terms in the used markets. They’re more affordable and private buyers are now starting to pick up some amazing bargains which is leading to the average days on the market starting to fall.

We have seen 2020 Tesla Model 3s with as few as 65k miles on sale for £16k. Considering the performance and technology in these vehicles and the fact that they can be charged for as little as £5 per night this is extremely good value for money. There has never been a better time to buy a used Tesla in the UK market.”

**ENDS**

* * *

### **Notes to Editor**

**Month**

**Volume of Tesla stock**

**Sold Volume**

**Average Price**

**Average DOM**

**May 2023**

1,706

- **812** £41,023

147.75

**June 2023**

1,687

- **741** £40,115

139.25

**July 2023**

1,829

- **807** £39,413

139

**August 2023**

1,874

- **832** £38,062

150.75

**September 2023**

1,981

- **908** £37,755

152.5

**October 2023**

2,025

- **887** £37,113

142.25

**November 2023**

2,213

- **947** £35,954

135

**December 2023**

2,249

- **786** £34,524

136

**January 2024**

2,760

- **1,144** £33,908

122.75

**February 2024**

2,943

- **1,267** £33,273

117.25

**March 2024**

3,189

- **1,510** £33,122

113

**April 2024**

3,259

- **1,372** £32,906

110.75

**May 2024**

3,376

- **1,641** £32,294

106

### **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  
[alistair@ahcomms.org](mailto:alistair@ahcomms.org)