A buyer's market: Prices of used EVs and hybrids in sharp decline
Wed, 05 Nov 2025
A boom in used car stock at dealers means prices for the most in-demand secondhand electric and hybrid cars have fallen up to 37.5% in a year, according to the latest AA Used Car Index.
This is great news for used car buyers, as it’s created a buyers’ market offering better value than ever.
Some of the most popular EVs have lost a fifth of their value over the past year. The Nissan Leaf led the way with a sharp 23.2% fall, while the Renaut Zoe was down 22.1%.
Used Tesla Model 3 prices fell 16.4%.
Some hybrids have fallen even more steeply, with the Lexus RX declining by 37.5% in a year – that’s a price decline of more than £10,000 in just 12 months.
Overall, the most searched-for EVs and hybrids fell 12.8% year-on-year in Q3 2025. This is greater than the decline in Q2, reflecting a secondhand EV market that has seen an increase in the number of ex-lease and ex-fleet electric and hybrid cars reaching dealer forecourts.
This downward pressure has seen average prices among the most popular models has fallen almost £2500 in a year.
AA Cars observes used car buyer behaviour is being reshaped as a result, with more now actively considering used EVs and hybrids.
AA Cars MD James Hoskin says the price declines signal a "structural shift in the market… vehicles that were once out of reach for many motorists are now entering a more affordable price bracket, widening access to electric motoring and accelerating secondhand adoption."
"We’re seeing a steady flow of early-generation EVs and hybrids coming onto the secondhand market as fleets and leasing firms de-fleet. That increase in supply is giving buyers more choice at more competitive prices. The scale of the price drop is unusually steep," he adds.
Prices drops have not just been restricted to EVs and hybrids, adds the AA. Once Britain’s most popular car, Ford Fiesta prices have dropped 19.5% in a year, while its Vauxhall Corsa arch-rival is down 10.6%.
The Ford Focus has slid 22.0%, the Toyota Yaris is down 20.6% and even the perennially popular Honda Jazz has declined 19.7%.
"Petrol and diesel models are matching the double-digit value drops experienced among used EV and hybrids, with not a single model appreciating in value in the past year."
Price declines reflect a market back at full supply after two years of shortages, says AA Cars, which has been amplified by the September plate change releasing a wave of part-exchange and fleet returns.
