Jeff Wong, Used Car Controller at Porsche Centre Bristol, says he can “definitely see” second-hand costs going up.
Used car drivers face big change due to new UK petrol and diesel rules
A new petrol and diesel car ban could spark used car sales – and prices – to skyrocket. Jeff Wong, Used Car Controller at Porsche Centre Bristol, says he can “definitely see” second-hand costs going up.
Speaking to the Express, Jeff added: “That’s why at the moment I’m trying to snap up as many petrol cars as possible. I know they’re going to be shooting up.
“Especially the [Porsche] Macans. Macan’s have always been a big popular seller for us, they are pushing the electric market now.
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“The petrol cars are in short supply, people are asking crazy figures for these in the private sector. If I can get my hands on these cars right now I’m doing my best.
“I can definitely see them rocketing up in the future.” With 188,382 second-hand EVs sold in 2024, it means a market share 13 times larger than 2019.
Sales of plug-in hybrid vehicles and hybrids also grew, up 32.2 per cent to 92,120 units and 39.3 per cent to 306,114 units respectively.
Combined, the number of used electrified vehicles changing hands increased by 43.3 per cent on 2023, with more than half a million of these ultra low or zero emission motors accounting for a 7.7 per cent share of sales.
James Hosking, managing director of AA Cars, said: “With more electric and hybrid vehicles entering the second-hand market, buyers now have a wider selection than ever, helping to drive demand.
“This surge underscores a key consumer trend — affordability is king. With household budgets under strain, many are opting for nearly new models over splashing out on a brand-new car.”
Paul Burgess, CEO at Startline Motor Finance, said: “Against this backdrop, the motorists we have surveyed this month are probably right in their assumptions.
“The supply of petrol and diesel cars into the used market is going to start falling quite quickly and this could lead to a situation where demand drives up prices.”