The Rise of Used Electric Vehicles: Prices, Trends, and Market Analysis

2024-01-04 17:46:10

The Renault Zoe tops sales of used electric vehicles in France. artographer34 – stock.adobe.com

DECRYPTION – The arrival in numbers of second-hand vehicles, whose prices are being revised downwards, will change the situation. This market is three times larger than the new market.

Long absent from the second-hand market, electric and electrified vehicles (hybrids and plug-in hybrids) are starting to arrive there in numbers. According to the La Centrale Observatory, the supply of advertisements for used electric vehicles has jumped by 180% compared to the end of 2022. And, above all, their price has fallen.

According to La Centrale’s price analysis, carried out four times a year, used electric and hybrid vehicles experienced the largest drop compared to other engines in the last quarter of 2023. It reached 12.81% compared to the end of 2022, which represents 4,700 euros less on average per vehicle.

A reverse movement of the continued rise in prices in 2023 on the new home market. According to AAA Data, which compiles registration data in France, price increases varied from 4% to 9% depending on the engine.

Electric yes, but second-hand

Thanks to the drop in second-hand prices, many customers will be able to consider buying a battery car even…

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