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"Used Car Prices Rise Again in March, But Used EV Values Drop, Says Auto Trader"
According to a recent blog post on CarDealerMagazine.co.uk, the prices of used cars have risen again in March.
However, the overall rise in prices was held back by a significant decrease in the values of used electric vehicles (EVs).
Auto Trader data revealed that the average price of a used car listed on its platform in March was £15,951, representing a 5.7% YoY increase. However, used EV prices fell by 2.7% YoY.
Despite this, the demand for EVs remains high and is expected to increase as more buyers transition to electric vehicles.
The report also suggests that the ongoing semiconductor shortage could result in higher prices and lower stock levels in the coming months.
You can read the full article here
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