Surge in AFV listings on Dealer Auction, Lexus leads margins

May saw a notable 16% increase in trade-to-trade listings of EVs and hybrids on Dealer Auction, indicating a buoyant late spring market for Alternatively Fuelled Vehicles (AFVs).

According to Dealer Auction’s EV Performance Review (EVPR), AFVs also saw a 15% increase in bids and a 19% rise in volume sold during May.

Kieran TeeBoon, Dealer Auction’s marketplace director, commented: “The rise in bids, listings, and vehicles sold demonstrates the growing prominence of AFVs in dealership inventories. Though they still constitute a smaller portion of the overall UK car parc, it will be interesting to see if this upward trend continues throughout the year.”