Used car prices and stock levels remained stable in May, while demand for older vehicles and EVs continued to grow, according to the latest data from Cazoo.
The average advertised used car price on Cazoo was £17,655 in May, down by £23 month-on-month but up 2.8% year-on-year, according to the latest Cazoo Market View.
Prices across franchised and independent dealers were largely unchanged at £22,893 and £14,274 respectively. Car supermarkets recorded a 1% (£169) decline to £16,241.
The strongest price growth continued to come from older vehicles.
Ten year+ market up by 10.6% YoY
Cars aged more than 10 years rose 1.3% month-on-month to an average £7,637, representing a year-on-year increase of 10.6%.
Cazoo said prices for vehicles in this age bracket have now increased in 10 of the past 12 months, reflecting continued demand for more affordable used cars.
Stock levels remained stable across the market, increasing marginally from 53 to 54 units per dealer.
Car supermarkets recorded the largest increase, with inventories rising by six units to 200 vehicles.
Franchised dealers increased stock by one unit to 58 vehicles, while independent dealer stock remained unchanged at 40.
Lucy Tugby, chief marketing officer at Cazoo, said: “May’s used car market was stable with buyer demand ensuring prices remained firm.
“Older profile cars continue to attract the attention of buyers undoubtedly focused on affordability, with big name franchised groups now increasingly stocking them.
“Our Market View data shows stock levels for 8-10 year old cars increased 1.4% MoM, resulting in a YoY rise of 8.3%, highlighting their desirability for buyers and dealers.”
The Vauxhall Corsa was the most popular used car on Cazoo during May, followed by the Nissan Qashqai, Ford Fiesta, Volkswagen Golf and Ford Focus.
Decline in used AFV stock
The report also highlighted a decline in dealer stocks of alternative fuel vehicles despite rising levels of online consumer interest.
The combined share of alternative fuel vehicles in dealer inventories fell to 18.4%, down from a peak of 21.2% in March.
Electric vehicle stock levels declined by 14.3% month-on-month, although they remained broadly in line with May 2025 levels. Hybrid stock fell by 0.8% but was still 11.4% higher year-on-year.
At the same time, consumer interest in alternative fuel vehicles continued to rise.
Online searches for EVs and hybrids increased by 7.6% month-on-month, accounting for a record 12.4% of all searches on the platform. This represented a year-on-year increase of 61.7%.
Tugby said the figures pointed to strong consumer demand for EVs alongside ongoing supply challenges.She added: “Our data highlights both the high level of buyer interest in EVs, prompted by the rising cost of petrol and diesel and ongoing geopolitical uncertainty, and the challenge facing dealers in sourcing and stocking sufficient volumes of these vehicles.”