EV values finally rebounded in September after a two-year period of free-fall, according to industry experts at Cap HPI.
Used models emerged as the top-performing fuel type, with an average value increase of 1% at the three-year mark, marking a significant shift following a two-year period where values dropped by around 60%.
Nearly half of the BEV models aged three years saw their values increase this month, up from just 11% in August.
Meanwhile, 29% of models saw no change, and 19% experienced further declines. Despite this positive movement, the BEV market remains complex, with varying performance across different models and segments.
The overall used car market saw a solid performance in September, with values at the three-year, 60,000-mile point rising by 0.2%, contrasting with the typical seasonal decrease of -0.2%.
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