Used car market picks up as Tesla leads the charge

Tesla Model 3 car electric vehicle us brand in station charging — Photo by OceanProd
Tesla Model 3 car electric vehicle us brand in station charging — Photo by OceanProd
Tesla Model 3 car electric vehicle us brand in station charging — Photo by OceanProd
Tesla Model 3 car electric vehicle us brand in station charging — Photo by OceanProd

The Tesla Model 3 was the most searched-for used electric car in February, according to online used car marketplace heycar’s latest Retail Insights Report.

Its monthly analysis saw the smallest Tesla model rank ahead of the Audi Q4 and Audi e-tron during February 2025, with interest in second-hand Model 3s picking up pace following a traditionally slow January.

The report also showed that the average number of days in stock for used cars dropped from 43.4 days to 34.4 days, with Tesla being one of the fastest-selling brands at 25.3 days, behind only Volvo at 22.6 days.

Dermot Kelleher, Chief Marketing Officer for heycar, said: “Things may well change in the coming months, but demand among used EV buyers for Tesla was strong in February, with the brand experiencing one of the lowest days in stock.

“We’ve recently seen a lot more used Tesla models coming onto the market – a trend we expect to continue as leasing contracts come to an end – and this means wider availability of the cars at more accessible price points.

Demand for SUVs shows no sign of abating, either, as the bodystyle remains the most popular among Britain’s used car buyers – nine of the top 15 cars searched for on heycar in January 2025 were SUVs, with the Nissan Qashqai and Audi Q3 the two most searched-for cars in the UK, ahead of the Audi A1.

“Buyers continue to favour models that offer a strong all-round value package,” added Kelleher. “While there is a strong bias towards premium brands and image, it’s in the context of family practicality and size, price and equipment. The Qashqai continues to be the go-to model for ticking all of those boxes and maintains top spot as heycar’s most popular car.”

Interest in EVs increased during February, and although luxury brands such as Tesla, Audi and Mercedes-Benz attracted the most interest, the Hyundai Kona Electric, MG ZS EV, MG4 and Nissan LEAF also generated significant interest, demonstrating that price sensitivity plays a key role in generating interest, particularly among first-time EV buyers.

Leave a Comment

More in News

Lamborghini announces the Polo Storico Tour to celebrate 60 years of the Miura during Auto Moto d’Epoca

Automobili Lamborghini is taking part for the third consecutive year ...

From dream to reality: How Chassis 5.0 helped shape the legendary Veyron

A vehicle that could unleash unparalleled performance on the racetrack, ...

Aston Martin to develop new Residences with Valor Real Estate Development

Aston Martin today announces a new landmark real estate partnership ...

Triple anniversary: Bentley celebrates three seminal sedans [Photo Gallery]

2025 sees three significant anniversaries in Bentley’s history, each now ...

Trending on Motoring Chronicle

Automobili Lamborghini Unveils Fenomeno, a New Limited Production Masterpiece [Photo Gallery]

Today, Automobili Lamborghini unveiled the Fenomeno, a celebration of the ...

First ‘Ombré’ Sedan revealed by Bentley

Bentley’s new and exclusive ‘Ombré by Mulliner’ paint finish, that ...

7 Steps To Successfully Change Your Oil

Learning how to successfully change your oil on your own ...

Genesis Powers into Endurance Racing

Genesis Magma Racing has kicked off an all-out push with ...

2026 Honda Prelude Revealed: Iconic Model Returns with Hybrid-Electric Power

New Prelude inspired by fun-to-drive performance, legacy of innovation, and dynamic ...