Commentary | Q4 Used Car Transactions
The trading environment remains complex and competitive, but a third consecutive year of growth underscores the industry’s huge resilience, and offers a reassuring sign of market stability. The figures also dispel any lingering doubts about consumer appetite for electric vehicles. We recorded nearly a billion visits (981.9m) last year, with demand for used electric vehicles on our platform rising 28% on 2024. And this isn’t just idle browsing; used EVs not only sold faster than any other fuel type but also accounted for over one in seven enquiries for used cars under five years old. Looking to the year ahead, we know there will be headwinds, particularly around ongoing supply pressures. However, the fundamental desire for mobility remains unshakable. Our analysis shows that nine in 10 consumers continue to view car ownership as essential to their lives. With demand remaining robust and such strong levels of engagement on our platform, I have no doubt 2026 will be another strong year for used car sales.
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