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Trade-to-trade listings of EVs and hybrids increased by 16% in May, says Dealer Auction.
Dealer Auction’s EV Performance Review (EVPR) is a regular appraisal of Alternatively Fuelled Vehicles (AFVs) on the platform. It also showed a 15% increase in AFV bids received and a 19% rise in volume sold.
Dealer Auction’s marketplace director, Kieran TeeBoon, said: “It’s interesting to note the monthly rise in bids, listings and vehicles sold as it shows how AFVs are becoming a more prominent part of dealership inventories.
“Of course, they remain a notably smaller proportion of the overall UK car parc but it will be fascinating to see if that upward trend continues for the rest of the year.”
The EVPR figures for May show that the Lexus NX (pictured) had a retail margin of £3,930. The AFV list is dominated by hybrids which reflects public demand. The Nissan Leaf, was the only EV to feature in the rankings for margin, CAP performance and volume sold.
There has been a 14% monthly rise in the average sold price of AFVs and a 12.5% increase in the average retail margin to £3,061.
The number of diesel and petrol vehicles being sold on Dealer Auction has declined (-0.82% and -0.16% respectively).
TeeBoon added: “Hybrids and EVs may represent a small proportion of the market, but dealers know that there is profit to be had in this sector and that certain models are a potential gold mine.
“My advice to dealers wanting to get the most out of AFVs is to keep a close eye on our EVPR, which throws light on trends that could help you steer a clearer course through the EV and hybrid landscape.”