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Used electric car sales surge due to rising fuel prices
['Freda Lewis-Stempel', 'Senior Motoring Reporter']
Money | Mail Online
This increase in used EV transactions was the highest on record since the first quarter of 2024, helping to return the overall used car market to growth.
It helped the used market surpass 2m units in the second quarter for the first itme since 2021Join the discussion Are higher fuel prices making you consider buying a used EV?
Last month, we revealed that eight of the ten fastest-selling used cars were electric, such is the level of demand for quality second-hand battery vehicles.
This is despite used EV prices holding relatively firm.
However, increasingly unrealistic targets in the new car market risk constraining that supply and pushing up costs.