Australia’s used electric vehicle market jumped sharply in March, with sales more than doubling as rising fuel costs pushed buyers toward lower running-cost options, according to the Australian Automotive Dealer Association (AADA).
A total of 7,557 used EVs were sold nationally, up from 3,176 in February, marking one of the fastest shifts seen in the segment.
Supply tightens as demand increases
Stronger demand quickly reduced available stock, which fell 38 per cent month-on-month. Days of supply dropped to 28.6, well below the 60-90 days typically considered balanced. Value-focused models, including those from Chinese manufacturers, led the surge, reflecting a growing focus on affordability.
AADA CEO James Voortman said this strongly signifies changing buyer behaviour.
“Rising fuel prices are clearly influencing consumer behaviour, with more Australians turning to used EVs as a practical and cost-effective alternative,” he explained.
Prices begin to recover
After softening through late 2025, used EV prices have started to stabilise since January, with March’s demand adding upward pressure.
“What we saw in March wasn’t a gradual shift. Used EV sales more than doubled in the space of a month while available stock fell by 38%, compressing days of supply to under 29 days. For dealers who are well-positioned with the right stock, the opportunity is significant,” said AutoGrab Chief Commercial Officer Saxon Odgers.
“Residual values on used EVs have been stabilising since January, and the March demand surge is now adding upward pressure. Whether this marks a lasting inflection point will depend on how long fuel prices stay elevated, but the data is clear: cost of ownership is now front of mind for buyers, and that’s reshaping how they think about their next vehicle.”
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