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Data shared by Autotrader suggests that Electric Vehicles (EV) prices rose by 0.8% at the mid-point in September. It was the first monthly increase since August 2022.

There was some other encouragement, with used EV demand exceeding supply levels (up 5.4%) for the first time in 14 months.

All of this comes after EV prices fell back 21.4% on a year-on-year (YoY) basis, albeit from a skewed high point in a period of very low supply.

The challenge for used EVs, notably zero-emission Battery Electric Vehicles (BEVs), is that the supply of used BEVs will keep rising, and creating a sustainable BEV market requires that consumer demand thrives as well. To put this in context, BEVs now have a 20% market share in the new market, but in H2, used BEVs accounted for under 2% of the used market.

In the same way that new BEV sales have been built on business/fleet incentives supported by the government –including those helping the salary sacrifice BEV sector proliferate – the used BEV market requires financial help to encourage an ‘early majority’ of BEV buyers to become established.

Helping the used BEV market will be crucial to the long-term viability of zero-emission vehicles because the future value of new BEVs, which is so important to new car finance and lease pricing, needs to be stable.

Autotrader points to the continued ‘de-fleeting’ of circa 750,000 electric vehicles sold over the last three years, meaning it will take some time before the market reaches maturity. In establishing this maturity, confidence in the profitability of second-hand electric cars is heavily reliant upon building consumer confidence in BEVs and, with it, demand.

Some encouragement for buyers will come from the lower BEV prices in the market right now, some of which are lower than Internal Combustion Engine (ICE) equivalents, but we need additional momentum.


Debbie McKay, Commercial Director of Motor Sales


With EV prices rising for the first time in over a year, what does the future look like for electric sales? Find out more. 

Used EV prices rise for the first time in over a year

Championing the work of women across the credit and financial services industry, we’re extremely proud to celebrate our incredible Women in Credit Awards finalists.

Empowering, supporting and uncovering achievements among inspirational women, the awards provide a platform to encourage diversity and inclusion across the industry. As a business, we’re committed to playing our part in driving positive change.

Meet some of our very worthy finalists, with a few words of inspiration for future women leaders looking to kickstart their career:



Debbie McKay, Commercial Director of Motor Sales, for Business Leader of the Year

“Surround yourself with good female role models, seek out mentors and be true to yourself. Really understand what you are good at, then make them your superpowers! Understanding your strengths unlocks your potential and leads you to greater performance and personal happiness.”


Corinne Edwards, Customer Services Manager, for Team Leader of the Year

“Work ethic, courage, positivity and honesty goes a long way in starting a career in credit. Focusing on your self-confidence should always be a priority. You don’t need to know everything in your field/ area but having the confidence to delegate, communicate and apply team problem solving has just as much impact as technical skills in leadership.”


Victoria Loosmore, Head of Motor Product & Propositions, for Outstanding Returner

“This industry offers so many different career options, so be really open-minded to what your career in financial services could look like. Listen to the stories of others, make connections, be open to learning and have a growth mindset and you'll absolutely love this industry and thrive at the same time.”


Katie Carter, Operational Controls Manager, for Team Player of the Year

“Be yourself, and recognise your traits as your own, not as those of a ‘woman’. Be your own ally! Building a network with others can be useful, and a good way to discuss challenges and changes you may want to make. Most importantly, don’t be afraid to speak up. Your opinion is important!”


Wendy Godfrey, Business Manager, for Rising Star of the Year

“Be as curious as you can be, there is so much to learn every day. Be brave to try everything you desire even though it can sometimes seem scary. Have fun along the way and always be kind to yourself.”





Judged by eight business leaders from across the industry, keep an eye on our social channels to see how they get on!

Championing the work of women across the credit and financial services industry, meet our very worthy shortlisted candidates.

News - September 2023

Used EV prices rise for the first time in over a year

Introducing our 2023 Women in Credit Awards finalists

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