https://www.am-online.com/news/used-cars/2023/03/13/dealers-avod-used-evs-as-values-become-too-volatile
Dealers avoid used EVs as values become 'too volatile'
13/03/2023 in Used Cars
used cars
Paul Burgess, CEO at Startline Motor Finance, said: “The dramatic fall in EV values in recent months has generated a lot of headlines in the motor industry and is clearly having a very real effect on whether dealers choose to stock these vehicles.
“This is understandable. Some popular models of EV have seen a double-digit percentage fall in values month on month and, for dealers, this can translate into potential losses of thousands of pounds on every vehicle. Not many dealers can afford to take those risks.
“Added to this, there is a widespread perception that EVs are slower to sell than petrol and diesel equivalents, which also makes stocking them less attractive. It’s undeniably a difficult period for the used EV market.”
Used EV prices fell by 15.3 percentage points between October 1, 2022, and January 31, 2023.