EV values finally rebounded in September after a two-year period of free-fall, according to industry experts at Cap HPI.
A 0.5% fall in used values over the first nine days in May was observed at cars aged three years and 60,000 miles on the clock, according to the latest mid-month analysis from Cap HPI.
Significant falls in used car values should be seen in context since they remain up to 30% above where they were before the peak in prices seen in 2021
Auto Trader's Retail Price Index has shown that the average retail value of used cars has increased by 3.5% compared to last year's levels, which were already 24% higher than in 2021.
Auction companies are predicting that values for used petrol and diesel cars will remain strong as the country emerges from lockdown and consumer confidence improves.
Auto Trader predicts that used car values will continue to grow, while consumer demand continues to outstrip supply.
Cazana has acquired classic car classifieds site carandclassic.co.uk, providing it with 20 years of historic pricing data.
Demand for used diesel vehicles has remained strong in March with SUVs leading the charge, according to Cap HPI.
The National Association of Motor Auctions (NAMA) has published its report for October 2017, showing drops in conversion rates and average value.
Average used values of popular diesel models have fallen by 5.7%, according to data from car buying comparison site Motorway.co.uk.
