Press Release
Value pricing is creating momentum in Europe’s used car market according to Indicata’s latest Market Watch report
Competitive pricing in the majority of used car markets in Europe is helping increase sales and drive down stocking levels.
The increase in sales has helped contribute to the Market Days’ Supply dramatically falling for all fuel types, including BEVs.
Petrol has the lowest MDS at 56 days and BEVs the highest at 79, but generally each fuel type has fallen by 20-35% between January and February 2025. These are the lowest MDS levels for over two years.
There is a used car shortage across Europe due to new car sales being compromised in 2021 and 2022 through a Covid-included shortage of semi-conductors.
Used car prices have stabilised in 2025 due to the shortage with even hybrids and BEVs falling in price by just -0.1 and -0.6 percentage points from January to February. This compares with a fall of 6 and 10 percentage points during the same period in 2024.
While the slowdown of new Tesla sales continues across Europe, the used market is a different story, with the Model 3 and Model Y now the fastest-selling used cars in Europe under four years of age.
When you look at the fastest-selling used BEVs sector the Model 3 and Model Y are placed first and second ahead of the Polestar 2, while the Model 3 was Europe’s top selling BEV by Market Days’ Supply.
The main reason for this trend is that prices of used Teslas have been falling which is tempting used car buyers where previously a Tesla was out of their budget range.
The latest Market Watch report has also looked at the used BEV market and currently just 2% of used 3-4-year-old vans are electric and 6% of sub-two-year-old vehicles.
The major manufacturers have made great efforts to expand their range of new electric vans in recent years, but without much response from the potential target group.
In terms of markets, Denmark stands out with an almost 30% electric share of young used LCVs. This means Denmark are likely to remain an important export target market for electric commercial vehicles.
Despite growing maturity, however, the market share of vans is nowhere near that of Danish BEV passenger cars.