New analysis from cap hpi reveals that used battery electric vehicle (BEV) values rose for the second month running, making BEVs the best-performing fuel type in September.
Dealers will be reassured by the performance in the BEV market, following the crashing of values in the final quarter of 2023.
Three-year-old BEV values have grown by 0.3% (around £50 on average), which means that they continue to offer good value for money.
Derren Martin, cap hpi director of valuations said: “The volume of electric vehicles selling in the trade market continues to show an upward trend. September was the second-highest volume month, only slightly trailing the record month of July this year. However, BEV values remain particularly nuanced, with some, such as the Jaguar I-Pace and Vauxhall Mokka, looking great value versus their ICE equivalents.”
Other BEVs which increased in value were the VW ID.3, Citroen C4 and Nissan Leaf. Meanwhile, Tesla’s Model Y and Model 3 dropped in value, as did the Mini Cooper and Mercedes-Benz EQE.