TESLA and its CEO might be having their own difficulties right now (plunging sales and a plunging share price) but in the UK a used Tesla Model 3 is the hot buy.
According to the latest Indicata Market Watch report, Tesla’s Model 3 is currently the UK’s fastest-selling used car under four-years of age.
The Model 3 was closely followed by Nissan’s Qashqai and Volvo’s XC40 in the Indicata top three list of the UK’s fastest-selling used cars, while the Vauxhall Corsa was its top selling used car in March, closely followed by the Nissan Qashqai.
Not only did an electric car top Indicata’s fastest-selling used car list, EVs also achieved a record 6.28% sales market share of the UK’s used market during March, more than double the same period in 2024.
A used Tesla Model 3 is top on MDS
MDS stands for Market Days’ Supply. MDS is derived from dividing the current supply of inventory by the average daily retail sales rate over the past 45 days.
According to Indicata, EVs now account for a record 8.4% of dealer stock, but with forecourt stocking levels increasing in response to improved consumer popularity, demand and supply ended Q1 in relative harmony.
While used EV prices have shown no real signs of increasing in recent months, prices have also not fallen in the way they did between January 2023 and July 2024 (by -40%). Used EV prices only fell by an average of -0.6% between February and April 2025, which represents the eighth successive month of stability according to Indicata.
Market Days’ Supply (MDS) continued to fall in April, with EVs at 51 days not far away from PHEVs, diesels and HEVs at 43, 42 and 40 days respectively. “This strong sales performance of used EVs is despite the majority of dealer stock being the previous generation of technology where range and charging speeds are behind the current new EVs being offered for sale,” explained Dean Merritt, Indicata UK’s Head of Sales.
“It is still too early to see how the recent changes to the Zero Emission Mandate legislation will impact the used market. Dealers need to keep stocking EVs and offering attractive finance deals to drive consumer interest. Used car volumes will continue to increase in line with rising new EV sales in 2021 and 2022 so dealers will have to be ready to absorb these cars in line with an anticipated rise in retail demand,” he added.
Broker News Newsletter 3 March 2026
Catch up on the latest leasing broker news in the 3 March 2026 Broker News newsletter
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Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
