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News

Used BEV transactions double as second hand market goes green

BEVs now represent 1.8% of the used market, up from 1.0% last year. Plug-in hybrids (PHEVs), and hybrids (HEVs) also grew, up 34.6%, and 46.4% respectively – resulting in combined plug-ins increasing by 70.9% to comprise 2.8% of the market. Volumes for petrol and diesel cars, meanwhile, grew by 4.0% to 1,065,448 and 2.3% to 704,204 units respectively.

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News

Two thirds of EV car buyers will consider used for their next purchase

Research finds buying a used EV appeals more to women (69%) than men (61%), although they were evenly split (30%) when considering nearly-new EVs less than two years old. Overall, the inclination to buy a used EV was strongest among petrol or diesel owners (81%), falling to just 18% of those currently owning an EV. 

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News

High demand forecast for used Electric Vehicles

A used fully Battery Electric Vehicle (BEV) will be the choice for 4% and another 8% will seek a used Plug-in Hybrid Electric Vehicle (PHEV). At 12%, as many people will buy a used EV as intend to buy a new one. With the purchase price of a new EV one of the main reasons the majority of non-EV owners have yet to switch to electric, many will turn to the used market when they are ready to plug into electric mobility.

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Vehicles

Used car buyer interest in EVs has risen a third since May

At the same time that preference for electric has been increasing, it has been falling away for petrol, according to Startline’s research, with a fall since May from 39% to 33%. However, diesel has remained consistent at 18% and hybrid the same at 27%.

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News

Demand for used EVs gathers pace

Despite the EV sales growth dealer stock turn fell in August due to a shortage while some buyers have delayed a move to zero emissions while the cost of living continues to rise. Hybrids are a lower emissions alternative and sales rose during August with the supply of used stock benefitting from strong new car registrations prior to the start of the pandemic.

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