Second-hand EVs Sweep SUVs From Top Spot In Used Car Demand
- December 13, 2019
- Posted by: John Swift
- Category: Automotive Industry
Auto Trader has given a dramatic insight into how priorities are shifting among used car buyers with a new report showing that the all-electric Renault ZOE is the fastest-selling second-hand model of 2019.
The battery-powered EV displaced the previously unbeatable SUVs and Auto Trader went so far as to describe the breakthrough as marking `the end of the reign of SUVs’.
The ZOE topped its fastest-selling league for two consecutive months and over the course of the year, the 2015 model took an average of just 26 days to sell, dropping to just 21 so far this month. Underlining the market mood, the 2017 version needed just one more day and a 2016 car another one after that but still placing it fourth overall.
Its figures are in stark contrast to this time a year ago when the Vauxhall Mokka topped the chart and the Kia Sportage in 2016 and again in 2017. In fact, SUVs accounted for just 20% of the new list against 80% 12 months ago.
Karolina Edwards-Smajda, Auto Trader’s Director of Commercial Products, said:
“Tracking circa 1.9 million data points, the (Fastest-Selling) Index provides an accurate barometer of consumer demand and growing trends in the market.
Move Towards More Sustainable Forms Of Transportation
“Over the last few years, we’ve seen some important milestones for used EVs. In January 2017 a BMW i3 marked the first time one had made it onto the national top 10 and in July last year, a ZOE was the first to actually top the list.
“With three taking the number one spot in 2019 and a ZOE crowned the year’s overall fastest selling is hugely significant and a clear sign of things to come as we move towards more sustainable forms of transportation.”
However, despite its acceleration off the forecourts of used car dealers, the ZOE is beaten in the most-searched-for EVs with those honours going to second-hand VW e-Golfs, the I3 and Nissan LEAF.
“This month’s data indicates that, despite widely documented strong new sales, there is a slowing in demand for used SUVs with all but one SUV pushed off the list, replaced by economical petrol hatches. Whether this is a result of consumers opting to make a saving with a cheaper vehicle before Christmas or is the start of a slow-down in SUV demand remains to be seen.”
Last month its Retail Price Index showed the rate of like-for-like price growth for EVs in October stood at 22%.