How is electric car demand? Used EV Market Update November 2024

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Been a gap in videos as I've been away on holiday but now I'm back and to start with, here is a market update...
The used car market always fluctuates but the used Electric Vehicle market always gets scrutiny in the media. But how is the market really, based on market data?

In this video I include the last 13 weeks trends and analytics [courtesy of Autotrader Market Insights] on the used EV car market - how is demand, supply and market health? We sell a lot of Tesla so how are they in particular and what are some of the brands performing better or worse?

When you see the headlines like "Theres no demand for used EVs", are they really true? You have to separate "demand" from depreciation.

In other recent news in the industry, BCA (British Car Auctions) are now supplying a battery health check report with a large number of vehicles they are selling through the trade. They typically deal with thousands of ex lease cars each day and of course many electric vehicles now so this is an important step.


Many thanks

Richard Symons
R Symons LTD "RSEV"
EV Specialist based in New Milton, Hampshire on the South Coast near Southampton and Bournemouth
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