OEM tactical registrations could hit long-term used values, reports INDICATA

Tactical registrations by car manufacturers impacted the used car market in April with sales of sub-12-month-old vehicles rising by 39.1% year-on-year, according to INDICATA UK's latest Market Watch report.

This surge indicates that car supply is nearing pre-Covid levels but raises concerns about potential long-term damage to used car values if the trend persists.

Currently, many nearly new used cars - especially electric vehicles (EVs) - are being registered but are not being wholesaled, as dealers are hesitant to increase their inventory of used EVs.

Should these used EVs flood the market, it could further depress their values, even as EV prices have stabilised this year.

The UK's Market Days’ Supply of used EVs is the lowest in Europe at 57 days, compared to petrol at 40 days, diesel at 44 days, and hybrids at 45 days.