Used car values fall 1.7% in October but electric vehicles hold firm
By Eve
Used car values in the UK dropped 1.7% or £350 in October, exceeding the typical seasonal decline of 1.4%, according to Solera Cap HPI data tracking three year old vehicles with 60,000 miles. Trade volumes for cars aged three to five years surged almost 20% compared to the same period last year, while aggressive new car discounts and pre-registered stock pressured nearly new prices. Electric vehicles bucked the overall downward trend.
Why it matters
Resilient EV residual values amid a weakening used car market may strengthen the business case for fleet electrification and improve total cost of ownership calculations for charge point operators targeting commercial customers. Stronger EV demand in the used market also signals growing mainstream acceptance, potentially expanding the addressable market for public charging infrastructure.
Source
- Original title
- “Used car values drop 1.7% in October but EVs buck trend”
- Published
- 29 October 2026
In this story
- Topic
- Electric Vehicles
- Place
- United Kingdom
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