BEVs lead as the fastest-selling car category, finds Cap HPI

Analysis of retail data by Cap HPI shows that used BEVs at three years old are selling faster than used petrol vehicles of the same age. 

As of the end of January, three-year-old BEVs were selling within 42 days on average, compared with petrol variants, which took 48 days. Hybrids took 43 days on average, and plug-in hybrids 47 days.

Cap hpi’s analysis of the average days to sell BEVs by dealer type over January revealed that independent dealers reported 45 days to sell in January compared with 48 in December and 41 in November. 

Car supermarkets sold quicker, averaging 36 days in January, 31 days in December and 23 days in November. Franchised dealers sold their BEV stocks in 43 days in January, compared with 40 days in December and 35 in November.  

Chris Plumb, head of current car valuation, at Cap HPI, said: “The first half of the month showed very little change in the average number of days to sell. However, mid-January saw average days to sell beginning to reduce, particularly improving for franchised dealers, indicating that the used retail market is gathering more momentum. The retail market remains stable, showcasing robust consumer demand for BEVs especially, for the vehicles aged between three to five years old as they can offer exceptional value for money.

“Values for BEVs at the three-year benchmark experienced a little more pressure throughout January as volumes increased through wholesale channels, following several months of stability. However, conversion rates and average days in stock have remained stable and consistent with those of other fuel types”