3 weeks ago
Tesla loses used EV edge as Skoda, Hyundai, BMW gain
This story is about electric cars, or EVs, in Britain.
For a long time, Tesla was the most famous electric car brand.
But now, other car brands are doing really well too.
A website called CarGurus looked at prices of used electric cars.
It found that cars from Skoda, Hyundai, BMW and Ford went up in price more than Tesla cars did.
The Skoda Enyaq went up the most, by 10 percent.
Tesla's Model Y only went up by 4 percent, and the Model 3 by 1 percent.
This does not mean Tesla is doing badly, because its cars are still very popular.
It just means other electric cars are becoming more valuable too.
The cars that increased in price all had long ranges, meaning they could drive far on one charge.
Higher fuel prices for petrol and diesel cars may have made more people want electric cars.
This is a change from last year, when electric cars were losing value very quickly.
It is good news for people who already own used electric cars.
CarGurus data shows Skoda, Hyundai, BMW and Ford EV models saw faster used listing price growth than Tesla from January to June 2026.
The Skoda Enyaq led with a 10% average listing price rise, followed by Hyundai's Ioniq 5 at 9% and BMW's iX3 at 7%.
Tesla's Model Y rose 4% and Model 3 just 1%, but both remain among Britain's most popular EVs.
All seven EVs that increased in price had ranges over 200 miles; the Enyaq's average price climbed from £20,557 to £22,576.
In a sharp shift from 2025, none of the 10 fastest-depreciating cars in the first half of 2026 was an EV.
- Who
- Tesla and rival brands Skoda, Hyundai, BMW and Ford, analysed by classified listings site CarGurus.
- What
- Rival electric models outpaced Tesla's Model Y and Model 3 in used-car average listing price growth.
- Where
- Britain's used electric vehicle market.
- When
- January to June 2026, compared with the first half of 2025.
- Why
- Growing demand, rising fuel prices and expanded used EV supply are changing price performance in the second-hand market.
Tesla's edge eroding
Tesla still dominant
Interpretation of the data
Tesla's edge eroding
Rivals such as Skoda, Hyundai and BMW are racing ahead, suggesting Tesla is losing its edge in the used EV market.
Tesla still dominant
Tesla's Model Y and Model 3 remain among Britain's most popular EVs, so the brand has not lost its overall position.
Duration of the trend
Tesla's edge eroding
The price rises mark a sharp, meaningful change from 2025, when EVs dominated the fastest-depreciating list.
Tesla still dominant
The data covers only six months and measures listing prices, so the rise may be a temporary correction rather than a lasting change.
Key facts
- Leading price gainer
- Skoda Enyaq up 10% (£20,557 to £22,576)
- Other gainers
- Ioniq 5 up 9%, BMW iX3 up 7%, BMW i4 and Ford Mustang Mach-E up 5%
- Tesla performance
- Model Y up 4% (£25,114 to £26,114), Model 3 up 1% (£18,780 to £19,054)
- Data source
- CarGurus average listing prices, vehicles built 2015-2025, up to 100,000 miles, 100+ active listings
- Common trait
- All seven rising EVs had ranges above 200 miles
- 2025 comparison
- Eight of 10 fastest-depreciating cars in H1 2025 were EVs; none in H1 2026
- Named factor
- Spring rise in fuel prices for petrol and diesel cars









