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23 Mar

UK second-hand EV cars down 13% in March on huge oversupply

Second-hand electric car prices continue to fall in the UK thanks to skyrocketing stock levels, according to Auto Trader -- the country’s largest automotive marketplace. The average used EV price in mid-March was £33,060 ($40,715), which is down 13% year-on-year. Rather than slow demand, the market is facing a “huge overbalance of supply,” the company explains. While demand is currently up by 47% on-year, supply of second-hand EVs s…
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