Used EV sales ‘rise sharply’ since start of Iran war
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Used electric vehicle sales rose sharply in March following the escalation of conflict in the Middle East, with daily sales increasing from 787 to 1,074 on average. The surge is attributed to rising uncertainty around fuel prices and global energy markets influencing consumer behavior.
Used electric vehicle sales rose sharply in March, with daily sales increasing from 787 to 1,074 on average. The highest daily total was recorded on March 30, with 1,657 vehicles sold. The surge is attributed to rising uncertainty around fuel prices and global energy markets. Diesel prices jumped by 40p in March to 182.77p per liter. Sales share of used EVs rose by 78% in March, with average retail margin increasing from £2,829 to £3,320. The data suggests a shift in buyer behavior, with consumers considering the long-term transition to net zero and the immediate impact of rising fuel costs.
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