The heat will be taken out of the used EV market over the next couple of months across Europe as the supply of stock becomes increasingly scarce, according to the latest INDICATA Market Watch used car insights report.

• April 2022 could be the major sea change in the acceptance of electric used cars across Europe reports INDICATA boss
• Retail buyers are swapping to BEVS after seeing €50+ increases in filling a tank of fuel in an ICE vehicle

• Dealer used car stocks fall by 5.8% from June to July 2021
• Spain reports a 39.5% year-on-year sales rise amid consumers moving from new to used cars
• VW Golf is Europe’s best-selling petrol and diesel used car under 4-years-old

• Renault Zoe was best-selling used Battery Electric Vehicle (BEV) at less than two years of age
• Diesel remains the fastest-selling used car type
• Portugal and Poland reported stock fall of 10.3% and 9.4%

The UK used car market grew 6.3% year-on-year in September fuelled by a 5% rise in dealer stock according to the latest insights report from INDICATA.

The UK used car industry is still mainly closed for business with prices down by just 0.1% over the past few weeks, but a new INDICATA Market Watch report just published shows green shoots of recovery for European countries coming out of lockdown following from the impact of Covid-19.