Dealer demand for BEVs exceeds petrol in August amid strong used car market stability

"It seems used car prices reached a fair level for retailers and consumers at the start of 2024, and as a result, they have been largely stable ever since. There are nuances within this, and where supply outstrips demand for certain models and fuel types, values have fallen, but as an average, used car prices have experienced a stable year thus far.

"There will not be the same high volumes of defleets all at the same time, interest rates are more stable and cost-of-living concerns less prevalent, meaning less of a drop in demand. Flies in the ointment can always appear, and the new car market will be one to watch.