Sales of used battery electric vehicles (BEV) reached a record high in February, accounting for 6.29% of all used cars sold through UK dealerships, according to the Indicata Market Watch report.
The findings reflected growing momentum in the second-hand EV market, driven by increased consumer demand and improved pricing stability.
As of early March, BEVs represented 8.5% of total used dealer stock – a record share for the zero-emission segment.
Despite this, dealers reported a healthy balance between supply and demand, helping to build confidence in stocking more electric models.
A key development highlighted in the report was the stabilisation of used BEV prices.
Between August 2024 and February 2025, values fluctuated by just 0.7%, providing the consistency the used car industry has been seeking.
This came after a significant decline in BEV values over a longer period, with average prices falling by 40.9% since January 2023.
In comparison, used petrol vehicles declined by just 9.5% during the same timeframe.
Indicata reported growing dealer interest in acquiring used BEVs via its MarketPlace wholesale platform, as retailers respond to rising consumer appetite for more affordable electric vehicles.
The £10,000 to £25,000 price bracket was the strongest-performing segment in the used BEV market, supported by solid consumer interest.
However, dealers remained cautious about higher-priced BEVs, particularly those above £50,000, citing reduced buyer confidence at that level.
Dean Merritt, head of sales at Indicata UK, said: “The used BEV market continues to make baby steps in line with consumer and dealer confidence levels.
“The increased sales and price stability from our latest Indicata report confirms the foundation is growing stronger for used BEVs, which is positive news for the entire industry.
“Without a viable used market, new zero emission sales targets will not be met.”
He added: “The wholesale and retail markets are now more in line with one another as we move into spring and summer which is another move in the right direction.”
