Many leasing companies are seeing a growing number of used EVs coming back from fleet customers. The restricted number of new budget EVs on sale is helping create demand for used cars which will build confidence among dealers looking to stock EVs on their forecourts, many for the first time
INDICATA’s Market Days’ Supply (MDS) figure, which measures the supply of stock divided by the current sales rate over the past 45 days, saw used EVs reduce to 52.7 days compared with 45.8 days for petrol, 44.5 days for diesel and 51.1 days for hybrids. To put this into perspective the MDS of EVs was as high as 168 days as recently as January 2023.
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