Second-hand electrical automobile (EV) gross sales are experiencing notable development in early 2025, with growing numbers noticed each month-to-month and year-to-year. Within the new EV market, the Tesla Mannequin Y stays dominant, although its efficiency has barely waned. Nevertheless, relating to used EVs, the Tesla Mannequin 3 is probably the most wanted within the second-hand class.
Curiously, the Mannequin Y ranks third amongst used EVs, trailing the MG4.
In line with knowledge compiled by AutoGrab and printed by the Australian Automotive Sellers Affiliation (AADA), there have been 2,137 used EVs offered in February 2025, marking an 11.4% improve from January’s determine of 1,918. As compared, just one,232 used EVs have been offered in Australia in February 2024, which signifies a powerful year-over-year development of 73.4% from January 2024’s complete of 1,150.
Whereas new EV gross sales noticed a month-over-month improve of 48.2% from January to February 2025, the year-over-year comparability reveals a major decline. Nevertheless, the market was flooded with unsold used EVs in February 2025, with 6,136 automobiles listed on the market.
This oversupply has affected the retained worth of EVs, which tends to be decrease than that of conventional passenger vehicles, SUVs, and utes. On common, an EV retains about 66.8% of its worth after three years, whereas the opposite segments keep a mean retention price above 80%.
James Voortman, CEO of AADA, cautioned in opposition to overly optimistic interpretations of the 11.4% improve in used EV gross sales, noting the nonetheless immature nature of the used EV market and the comparatively low gross sales volumes in comparison with inside combustion engine (ICE) automobiles. He prompt that the improved curiosity in used EVs could stem from their interesting worth factors, as many have skilled speedy depreciation.
Moreover, there’s now a wider choice of demonstrator EVs obtainable within the used automotive market, due to a sturdy provide of latest automobiles. Regardless of the uptick in used EV gross sales, the variety of EVs on the market is sort of thrice higher than these offered in February, indicating that the marketplace for used EVs and plug-in hybrid electrical automobiles (PHEVs) is starting to take form.
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