UK dealers ramping up used EV stock as market confidence increases

Two thirds of dealers say consumer demand for used EVs is on the up

Over 60% of car dealers have found that the demand for second-hand EVs is improving. The latest data from the monthly Startline Used Car Tracker survey shows that customer interest in used electric cars is at an all-time high as the market continues to mature. Aprils’ data, taken from a survey of buyers and dealers, represents a jump of around 15% in just one month as dealers report more interest and quicker turnaround of vehicles. Startline CEO…

Most dealers believe consumer demand for used EVs is improving

Almost two thirds of dealers (64%) say consumer demand for used EVs is improving, according to Startline’s Used Car Tracker which surveyed 306 consumers and 58 dealers. This is the highest percentage of positive feedback from dealers on the subject since it was first included in the Startline Used Car Tracker back in May 2024. Paul Burgess, CEO at Startline Motor Finance, said: “This figure was just 50% last month and as low as 45% in our resear…

UK dealers ramping up used EV stock as market confidence increases

This is a paid for advertisement from Black Horse about the findings in a recent survey commissioned by Black Horse

Used EV demand rising within dealerships

New research carried out by Startline Motor Finance has found that used EV demand is rising, with 64% of dealers reporting an increase in customer interest. This is up from […] The post Used EV demand rising within dealerships first appeared on Bodyshop Magazine.

Online EV auction Plug raises $6.7M in seed funding, launches trade-in tool for dealers

Plug, which is an online wholesale auction platform exclusively for electric vehicles, said Tuesday it has secured $6.7 million in seed funding and launched an EV-focused trade-in solution for dealers. Starting with the funding, the round’s leaders were Floodgate, Autotech Ventures and A*. Also participating were Leap Forward Ventures, Renn Global, Cleo Capital, Toba Capital and ODF. eBay Motors founder Simon Rothman, former IAA CEO John Kett an…

Private EV sales finally on the rise, thanks to cheap deals, greater

The rise has been put down to keener pricing at the lower end of the market Private customers are turning towards electric cars in greater numbers than ever before in a sign that growing choice at the cheaper end of the market is persuading customers of petrol and diesel models to make the switch. Figures seen by MG show that retail sales of electric cars were up 59% in the first two months of the year, compared with 40% for the EV market overal…