Used and repairable EV sales surging thanks to fuel crisis
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Used electric vehicle sales in Australia more than doubled in March 2026, driven by the surge in fuel prices due to the Middle East conflict. The demand for used EVs has led to a seller's market, with prices starting to stabilize and repairable EVs selling at high prices.
Used electric vehicle sales in Australia surged in March 2026. The Australian Automotive Dealer Association reported a 137.9% increase in used EV sales compared to February. The demand has led to a seller's market, with used EV supply falling by 38%. The surge in demand is driven by rising fuel prices due to the Middle East conflict. Used car auctioneer Pickles is experiencing intense demand for near-new damaged electric vehicles. Some repairable EVs are selling at prices close to new car levels. The demand for EVs is expected to continue as long as fuel prices remain high.
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