Press Release
Tesla’s Model 3 is the UK’s fastest-selling used car according to new Indicata report
- Sales of BEVs account for 6.28% of all UK used car sales
- BEVs account for a record 8.4% of UK dealer stock
- Prices of BEVs remain stable for an eighth consecutive month
Tesla’s Model 3 is currently the UK’s fastest-selling used car under four-years of age according to the latest Indicata Market Watch report.
UK used car buyers have been buying the Model 3 in large numbers despite the challenges the Tesla brand has experienced in the new car market across Europe.
Nissan’s Qashqai and Volvo’s XC40 made up Indicata’s top three list of the UK’s fastest-selling used cars, while the Vauxhall Corsa was its top selling used car in March, closely followed by the Nissan Qashqai.
Not only did an electric car top Indicata’s fastest-selling used car list, BEVs also achieved a record 6.28% sales market share of the UK’s used market during March, more than double the same period in 2024.
BEVs now account for a record 8.4% of dealer stock, but with forecourt stocking levels increasing in response to improved consumer popularity, demand and supply ended Q1 in relative harmony.
While used BEV prices have shown no real signs of increasing in recent months, prices have also not fallen in the way they did between January 2023 and July 2024 (by -40%). Used BEV prices only fell by an average of -0.6% between February and April 2025, which represents the eighth successive month of stability.
Market Days’ Supply (MDS) continued to fall in April, with BEVs at 51 days not far away from PHEVs, diesels and HEVs at 43, 42 and 40 days respectively. MDS is derived from dividing the current supply of inventory by the average daily retail sales rate over the past 45 days.
“This strong sales performance of used BEVs is despite the majority of dealer stock being the previous generation of technology where range and charging speeds are behind the current new BEVs being offered for sale,” explained Dean Merritt, Indicata UK’s head of sales.
“It is still too early to see how the recent changes to the Zero Emission Mandate legislation will impact the used market. Dealers need to keep stocking BEVs and offering attractive finance deals to drive consumer interest. Used car volumes will continue to increase in line with rising new BEV sales in 2021 and 2022 so dealers will have to be ready to absorb these cars in line with an anticipated rise in retail demand,” he added.