"Prepare now" dealers told as used ICE car stock to plummet by 69%

The volume of combustion cars entering the used car market is set to decline by as much as 69% by 2028, a new forecast has predicted, as car makers prioritise EV sales to hit government legislated targets. This has prompted a call to dealers, by report publisher Cox Automotive, to “prepare now” or be left behind as more electric cars begin to trickle into the used car parc, replacing their more sought-after combustion-powered siblings.

” This will likely push the price of ICE stock up, too, closing the gap to EVs and inadvertently making them a more attractive proposition, predicts Cox. Battle for the best stock This, the forecast predicts, will mean battles erupting over who can obtain the best stock, given the high demand for ICE-powered vehicles. Another key to this is fewer cars currently in the used car parc, mainly down to a halt on production during the Covid pandemic and the resulting parts supply issues.

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