Press Release
Used EV prices deliver a dose of early festive cheer in November reports Indicata
Used EVs have given the industry some Christmas cheer by delivering consecutive monthly price rises in October and November according to the latest Indicata Market Watch report.
With EVs taking the three fastest-selling used car slots in its November report, Indicata is quietly confident that EV residual values and demand are set to start 2026 on a positive note.
Overall EV prices rose by 1.4% across October and November while all other fuel types experienced their seasonal fall, except for diesels where prices remained static.
However, demand for used EVs has slowed with their Market Day’s Supply rising from 42 days in October to 54 days in November. Sales comprised just 6.7% of all fuel types in November which is the third consecutive fall but with stock levels running at just over 7% the balance of supply and demand is nicely balanced to keep prices constant.
Market Days’ Supply is derived from dividing the current supply of inventory by the average daily retail sales rate over the past 45 days. A lower number signifies high demand and quick sales.
Once again, the three fastest-selling used cars in November were all electric with the Tesla Model Y leading the way closely followed by the Hyundai IONIQ and the MG5. Meanwhile the top-selling models were once again the Ford Puma, Nissan Qashqai and the Vauxhall Corsa.
“The used market is delivering its usual seasonal slowdown with demand and prices gently falling, all except EVs where prices are remaining constant. The market will continue to be short of used stock as it enters 2026 which should mean it remains stable, while we hope used EV prices have a chance to continue in their upward trajectory during Q1,” said Dean Merritt, Indicata UK’s head of sales.