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Nearly new EV values hit by heavy new car discounts

Summary by Motor Trader
Heavy discounts on new EVs are dampening demand for the nearly-new models available in the used car market, according to Cox Automotive. EV registrations reached record volumes across the UK in March. A total of 69,313 new EVs were sold, driven predominantly by manufacturer discounts, alongside a raft of new product launches and dealerships being set up by new market entrants. New analysis from Cox Automotive illustrates the impact of these disc…
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Motor Trader broke the news in on Thursday, May 29, 2025.
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