Press release

BEVs experience lower sales and an improved Market Days’ Supply

In July, the used vehicle market experienced several notable shifts across different powertrains and pricing trends. Notably, after five consecutive months of decline, petrol vehicles saw a resurgence, with their market share increasing to 43.18%.

BEVs experience lower sales and an improved Market Days’ Supply

In July, the used vehicle market experienced several notable shifts across different powertrains and pricing trends. Notably, after five consecutive months of decline, petrol vehicles saw a resurgence, with their market share increasing to 43.18%.

This upward trend was even more pronounced in overall used car sales for July, where petrol vehicles captured 46.08% of the market. For cars under four years old, the petrol vehicle share reached 43.85%, indicating a strong recovery.

In contrast, diesel vehicles maintained a relatively stable market share at 34.76%, although there was a slight month-on-month decrease, with diesel’s market share falling to 30.48%. For cars under four years old, the share dropped further to 18.97%, showing a gradual decline in diesel’s popularity.

BEVs report lower sales but an improved Market Days’ Supply

Battery Electric Vehicles (BEVs) continue to face challenges, as their market share declined to 5.18% from 5.46% a month earlier. Despite BEVs failing to increase its market share, the general increase in total sales means it has also improved its MDS to 93 days going into August, compared to 100 days a month earlier.

Hybrid vehicles remained stable however, holding a 16.88% market share. Plug-in Hybrid Electric Vehicles (PHEV) and Hybrid Electric Vehicles saw a slight decrease to 8.98%, while Mild Hybrid Electric Vehicles (MHEV) experienced a modest increase to 7.90%.

Diesel MDS is at the lowest at 57 days

Across all powertrains, there were improvements in Market Days’ Supply (MDS). Diesel vehicles showed a significant improvement, with MDS reducing to 57 days. BEVs also improved, though they still lagged behind others with an MDS of 93 days. Both petrol and MHEV saw strong improvements in MDS, with MHEV moving to 75 days and petrol to 61 days. PHEV/HEV’s MDS improved more modestly, reaching 72 days.

On the pricing front, there was a general decline in average used car prices across various European markets, including Turkey. Despite high inflation in Turkey, prices fell by 0.23 percentage points month-on-month (MoM), though they remain 59.5 pp higher than at the start of 2023.

In LHD European markets, there was an average price reduction of 0.62 pp MoM, leaving prices 11.9 pp lower than at the beginning of the year. In the UK, prices dropped by 0.48 pp MoM, resulting in a 17.9 pp decrease since the start of 2023.

Opel/Vauxhall figure in fastest-selling table

Regarding vehicle popularity, the top three best-selling vehicles under four years old maintained their positions, although their MDS worsened by around three days. The Opel/Vauxhall Corsa emerged as the fastest-selling used car in this category, overtaking the Grandland X, with the Tesla Model 3 ranking third.

Overall, the used vehicle market in July saw petrol vehicles regain momentum, while BEVs faced challenges related to oversupply and pricing. The broader market experienced downward price adjustments across various regions, reflecting changing consumer preferences and economic conditions.

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78180 Montigny le Bretonneux
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    Nous sommes ravis de vous aider ! Améliorez vos décisions en matière de véhicules d'occasion dès aujourd'hui !

    Siège social

    Skibhusvej 52A
    DK-5000 Odense C
    Denmark
    +45 70 20 16 61

    Bureau France

    8, rue Germain Soufflot
    78180 Montigny le Bretonneux
    +33 (0)1 30 02 88 88








      En envoyant ce formulaire, vous acceptez que nous puissions vous contacter en utilisant les coordonnées indiquées dans le formulaire, y compris l'adresse électronique et le numéro de telephone.

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      Siège social

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      DK-5000 Odense C
      Denmark
      +45 70 20 16 61

      Bureau France

      8, rue Germain Soufflot
      78180 Montigny le Bretonneux
      +33 (0)1 30 02 88 88








        En envoyant ce formulaire, vous acceptez que nous puissions vous contacter en utilisant les coordonnées indiquées dans le formulaire, y compris l'adresse électronique et le numéro de telephone.

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        +33 (0)1 30 02 88 88





          En envoyant ce formulaire, vous acceptez que nous puissions vous contacter en utilisant les coordonnées indiquées dans le formulaire, y compris l'adresse électronique et le numéro de telephone.

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