EVs are electrifying the UK’s used car market

EVs are electrifying the UK’s used car market
According to the latest data from the Society of Motor Manufacturers and Traders (SMMT), used electric vehicle (EV) sales continued to grow in the second quarter of 2023, increasing by 81.8% to 30,645 units, representing 1.7% of the market.

This is a new record for the industry, and is up from 1.0% in 2022. In total, the UK’s used car market grew by 4.1% during Q2, with 1,832,267 units officially changing hands during the time period.

The SMMT’s latest report shows that the increase means there was an additional 72,583 sales when compared with the same period in 2022.

Despite the growth, the Q2 used car market remains 9.9% below pre-pandemic levels in 2019.

Looking into the details of the report, there has been a double-digit growth for plug-in hybrids (PHEVs) and hybrids (HEVs), up 11.4% to 18,437 units and 29.5% to 53,634 units respectively.

The rising proportion of electrified vehicles meant that market share for conventionally powered cars marginally fell to 94.3% from 95.7% last year.

Mike Hawes, SMMT Chief Executive, said: “It’s great to see a recharged new car sector supporting demand for used cars and, in particular, helping more people to get behind the wheel of an electric vehicle.

“Meeting the undoubted appetite for pre-owned EVs will depend on sustaining a buoyant new car market and on the provision of accessible, reliable charging infrastructure powered by affordable, green energy.

“This, in turn, will allow more people to drive zero at a price point suited to them, helping accelerate delivery of our environmental goals.”

What are the most popular used cars in the UIK?

The latest SMMT data has revealed the most purchased used cars in the UK for Q2 2023.

ModelNumber of transactions
Ford Fiesta75,378
Vauxhall Corsa59,133
Volkswagen Golf57,567
Ford Focus55,592
BMW 3 Series40,735
Vauxhall Astra40,442
Volkswagen Polo34,094
Audi A330,421
Nissan Qashqai30,112
RAC Breakdown Cover

RAC Breakdown Cover

With our cover, the difference is in your pocket.

RAC Breakdown Cover