Electric vehicles (EVs) and hybrids made up nearly one in five used cars stocked by dealers in November, according to the latest Motors and Cazoo Market View report.
The analysis shows EV and hybrid models accounted for 18% of dealer stock, three percentage points higher than November 2024 and above the previous record set in June.
Dealers increased inventories ahead of the Autumn Budget and benefited from steady prices and faster sales.
EV volumes rose 8% month on month and 32% year on year to take a 7% share of all listings, their highest recorded level.
Hybrids grew 3% month on month and 13% year on year to reach an 11% share.
Growth was driven by older EVs entering the market.
Stock aged five to 10 years rose 91% year on year and 18% month on month, while two to five year old models increased 52% year on year and 10% month on month.
Greater availability contributed to softening prices.
Average EV prices fell 2% month on month to £24,739, while hybrids fell 1% to £24,247.
Nearly new examples of the MG S5 EV were the fastest selling cars of the month at 11 days.
Lucy Tugby, marketing director at Motors and Cazoo, said: "Our Market View analysis reflects the increasing confidence dealers have in stocking EVs as more units enter the used car market.
"In addition the softening of EV prices, now tracking at 9% lower than 12 months ago, make them more affordable to a growing number of buyers considering making the switch.
"However, over the coming months we will see whether the Budget’s announcement of a pay per mile fuel duty on EVs from April 2028 will dampen some of this enthusiasm."
Overall stock levels were unchanged month on month at 55 units and the average used car price remained stable at £17,859.
Average time in stock dropped to 29 days, three days faster than October.
Car supermarkets and franchised dealers averaged 22 days, compared with 44 days for independents.
London and Wales remained the highest and lowest priced regions at £21,919 and £14,605.
Prices were largely flat or down across the UK, although South East England, Northern Ireland and North West England all recorded new highs for the year.
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Freelance writer for AM, Tom Seymour has been a specialist B2B journalist covering the automotive sector for over 14 years. He started his freelance career in 2015 and currently writes for a variety of automotive, business and technology publications.
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