Strong buyer demand for used EVs and hybrids in July was not matched by supply, according to the latest Cazoo Market View analysis.
Searches for EVs on Cazoo doubled year-on-year (YoY) and increased 14% for hybrids. However, these alternative fuelled vehicles only represented 17.8% of cars listed by dealers, marginally ahead of July 2025 at 17.4%, but down on the all-time peak of 21.3% in March 2026.
EVs accounted for 6.9% of listings, compared to 6.5% in June and 6.5% last July. While hybrids dipped month-on-month (MoM) from 11.2% to 10.9%, on a par with last year.
Petrol and diesel cars continued to dominate stock mixes at 51.5% and 30.7% respectively, with only small changes MoM and YoY.
Prices for EVs and hybrids in July reached parity at £24,250 and £24,259 respectively.
Lucy Tugby, Chief Marketing Officer of Cazoo, said: “Used EV and hybrid consideration continues to grow, as witnessed by the increased volume of ad views we are tracking, however buyer interest is outpacing supply despite dealers maintaining robust overall stock levels in July.”
The average price of a used car on Cazoo dipped by 0.4% in July to £17,397. Prices have now softened for the third month in a row, tracking at 0.7% below where they were 12 months ago. These monthly drops have been small, reflecting ongoing price realignment following several rises over the course of 2025, peaking at £18,102 in December.
Apart from April, average prices have now dipped every month this year. July’s drop was across all age bands except for cars aged over 10 years. Prices for these older vehicles have risen for nine consecutive months to £7,685, up 0.7% MoM and 5% year-on-year (YoY), with the highest number of online searches for 10-12 year old cars.
This upward movement has seen independent dealers maintaining their average prices at £14,257, representing a YoY increase of 9.5% or £1,233. Car supermarkets prices rallied in July rising 2% MoM to £16,437 but down 1% YoY.
The brunt of July’s downward movement was mostly felt by franchised dealers with prices dipping 1.2% MoM to £22,266, a YoY drop of 7.6% or £1,842.
The Ford Focus recorded the strongest MoM price rise in July, with petrol models aged 8-10 years increasing by 7.3% to £10,886. While the Vauxhall Corsa saw the sharpest fall, as petrol models aged 6-8 years dropped by 2.9% to £11,770.
Tugby added: “July’s used car market was stable with modest price fluctuations in line with trends we have observed since the beginning of the year.
“In tandem with this softening we have tracked increased YoY searches for many value brands, including Renault (up 97%), Fiat (up 50%) and Ford (up 34%), evidence that affordability is still an important focus for many used car buyers.”
Dealer inventories grew marginally in July, averaging 57 units compared with 56 units in June and 55 units 12 months ago.
The increase was led by car supermarkets, where stock rose 2.1% MoM to 215 units, a YoY jump of 13.7%. Independent dealers averaged 42 units, up one unit both MoM and YoY, while franchised dealers held steady at 62 units, down just one compared with July 2025.