Used EV and hybrids double at auction halls in past year
The number of used hybrid and electric vehicles going through auction halls has doubled in just over a year, according to the first Aston Barclay Used Market Insights report.
Analysis by independent auction house Aston Barclay, shows that sales of used EV and hybrid vehicles has grown in line with their market share, from 1 in Q1 2016 to 2% from the third quarter this year. Meanwhile, petrol cars dropped their market share from 41% to 38%, while diesel grew from 58% to 60%, according to the report.
Aston Barclay added that in fleet, EVs and hybrids have taken their market share from 2% in Q1 2016 to 3% in the third quarter of 2017. Petrol remained static at 21% while diesel saw a slight reduction (down from 77% to 76%).
The average price of ex-fleet hybrid and electric cars hit £11,389 in the third quarter 2017 – a significant rise of £1,702 compared to the beginning of 2016, which the report supposed was caused mainly by a broader range of new models coming to market.