The used EV market continues to move in fleets' favour, with stronger residual values and faster sales giving operators greater confidence when replacing vehicles.
According to Cazana, average retail values for three-year-old EVs rose 2% in June, taking gains over the past 90 days to almost 5%. Popular fleet models including the Hyundai Kona, Tesla Model 3 and Volkswagen ID.3 are also selling quickly, averaging just 15 to 16 days on dealer forecourts.
The trend is backed up by BCA, which says three to five-year-old EVs remain one of the strongest-performing sectors of the used market, with clean, retail-ready stock commanding a premium as supply struggles to keep pace with demand.
For fleets, the improving used market comes at an important time. The recent collapse of Skywell's UK importer has highlighted the risks that can accompany newer vehicle brands, where long-term parts supply, warranty support and dealer networks are still evolving.
As a result, many fleets may see established used EVs from mainstream manufacturers as an increasingly attractive proposition. Stronger residual values, proven aftersales support and growing consumer demand are helping reduce disposal risk while making replacement planning more predictable than it has been for several years.
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