2023 Used Electric Car market stats – how is EV demand? Plus whole year solar savings revealed.
Hello everybody welcome my name is Richard here at RS and that’s the end of 2023 isn’t it so I’m going to do a bit of a video rounding up mainly some data and statistics uh gathered throughout the year of 2023 largely focusing on EV demand our speciality here is to sell
Used electric vehicle so I’m going to talk about the used electric vehicle market and how uh that changed and transformed what the actual data is from 20123 again I always mention there’s often these headline news about prices have dropped um demand for nobody wants them well that’s not true and I’m going
To prove it with some data in a minute and that data is mainly provided by Auto Trader which is the biggest platform in the UK so I’ve got some interesting stuff coming up there uh as for us for 2023 it was a pretty good year we actually sold more cars than the year
Before uh turnover was actually slightly down but we also had some reduced costs so we had uh better margins actually turned out to be a better year than the year previously although 2023 was a very up and down year but of course previously we had Co years as well but
It was good so big thank you to all our customers who bought cars gave us cars to sell for them gave us cars that we bought from them and anyone involved if you’re a customer of ours thank you very much and if you’re a subscriber of our
Channel thank you very much as well I’m going to include some interesting little facts about our YouTube channel uh later on in this video as well um so as for us one of our big savings from last year which helped with profitability was a reduction in electricity so before I get
Into the market health quickly uh summarize our uh solar savings because if you remember just before uh January in 2023 we installed our solar system we got 42 panels on the roof two test of Power Batteries the investment uh B Tomy took some tax sa about
£39,000 um how does that pay off in the end well again I don’t look at it as if I’ve got to get it paid back to me because it added to the value of the building and the Sola has been fantastic especially all through the summer we were largely off- grid and that’s
Charging electric cars every single day uh plus running the offices and heating air conditioning stuff like that so did we make some savings from solar hell yes we did we saved over £6,000 worth of electricity cost in 2023 alone so even in the winter months and
We’ we’ve been head into a pretty bad winter this year with not much rain Sun at all um when we do have to use grid energy uh we still saved over £16,000 so and 2023 as a whole we generated very nearly 25 megawatt hours of energy um we used
29.4 megawatt hours in total of course you can’t always use Everything at Once that’s been produced so some has to go via the batteries uh which is good so 3 and a half th000 kilowatt hours of it nearly went via our batteries we could store what we couldn’t use at the time
And use it later so in the end we imported 10 me hours but we exported 4.7 megawatt hours of energy to the grid as well of which we get some money back for that and that’s a large part of the savings that we made so in summary solar
Fantastic if you run a business you got a warehouse offices we got perfect roofs for it get solar if you can it’s a big saving uh especially with the prices of electricity which have come down recently which actually means the savings become less but when the electricity was really high that’s when
We really made some great money there so I love our solar it’s brilliant and it’s added to the value of the building and it’s saving us loads of money in the meantime uh right okay look the main topic of this video really EV Market health so I’m going to cover some uh
Figures here um and it’s really about demand uh Supply and what we call Market Health which is really a factor of those two you can have uh tons of demand and little Supply was going to give you really high Market health because lots of people are figh over the same stuff
Um doesn’t mean demand is low so when I talk about Market Health with a low or high numbers take those into account and I’ll try and explain it as I go so for all used EVS last year was there a good demand yes in fact it was up 53% from
The previous year so demand for used EVS in the UK 53% up from the previous year so yes we saw some depreciation like just about all of the used car market uh postco you know and then the early in the year Tesla dropped some prices which of course dropped the values which
Doesn’t help if you’re an owner you seen some depreciation and some other manufacturers of course seen big depreciation as well but don’t lose sight of the fact that actually demand for EVS is up 53% yes increased stock by 114% and that’s why Market Health uh as we then
Summarize the factor of the two across all EVS for 2023 uh was minus 18% compared to the previous year but that’s not lack of demand demand was up 53% make sense hope so um I also drilled down a little bit to Tesla only because
We sell a lot of tesas here we sell all EVS there’s a real mixture out here as you can see in fact there’s a couple of Po exchang not electrics but we sell all EVS but a large factor is is Tesla I know a lot of our audience are Tesla
Owners as well so if we look at Tesla only we’ve got 39% increased demand 2023 compared to 2022 uh but 44% more stock uh but it gives an overall plus 4% Market Health um again you can actually keep drilling down model 3 has been performing well model y model X and s’s
Not so much so but what we have found uh is that especially the very Late Model S’s and X’s have been doing okay because you can’t get a right-and drive model SRX in this country like we need so that’s helped with some of those late models
There now I just want to compare as well if we look at say diesel they they show a plus 18% Market Health um but demand is only plus 1% it’s cuz Supply is minus 14% so demand for diesels is 1% up 53% up for electric uh petrol 15% Market
Health demand up 6% Supply minus 7% % so demand for petrol up six demand for diesel up 1% demand for EVS 53% so there’s your demand remember that market health is a kind of combination of the two factors well I actually looked um you know which manufacturers had the
Worst Market health so possibly risky but um so Volvo electric cars down 66% cpra down 58% Kia down 57% scoda pulse on forward also not looking brilliant when you look at Market health however this is how Market Health can be a little bit distorted uh or not necessarily clear straight away because
If you look at Volvo minus 66% down compared to previous year but demand is 91% up there’s actually more people by Long Way looking for used electric Volvos it’s just that Supply is plus 466 per. uh and that’s why we’re seeing the prices coming down the market Health
Looks low but demand is there you got to remember that now we are seeing a lot more electric vehicles coming off the lease companies after 2 three four years and stuff like that so there’s just more stock which means that prices fall down but demand is
There if we look more recently um at the electric car used car market um the last 13 weeks we’ve seen a demand of plus 88% uh Supply is plus 12% Market Health Plus 67% so that’s really positive last quarter of the Year Strong numbers there
I think um and if we actually look down at the last four weeks uh of EV so basically during December demand is 104% up Supply is plus 7 Market health is plus 90% so the latest statistics for electric cars in the UK look really really good this like I say isn’t my own
Data this is from uh Market Health biggest UK um uh also Trader Market Health biggest UK used car advertising platform so it is look positive demand is there so don’t feel dejected right now let’s have a look at just a few fun facts about YouTube because YouTube’s been a really big factor and
Again I want to say a special thank you to everyone who’s been subscribing watching our channels leaving comments uh we get some really good feedback um it’s been quite important for business actually as well we get buy some all over the country coming to us because
Well you know us don’t you and then people turn up and go he you just like you on a video so that’s good um you know again a big thanks to everyone who who Who’s commented and liked and been involved and especially then if you’ve
Turned out to be a customer as well been great to meet you always is really good but a big thank you um so please again like comment subscribe all that kind of stuff we really do appreciate your support over the last couple of years it’s been fantastic I’m Blown Away with
Um how popular it’s been you know I’m just so Ed card deal on South Coast rambling away about electric cars being pretty good eh um but um here’s a few figures look because it really has reached a global audience that Global audience 94% male I’m not uh looking to
Me female viewers here so 94% male audience over 500 thou 100,000 hours of watch time which is actually less than the previous year but we were a little bit busy as I’ve said um so actually a few less videos this year plus less new stuff that we could get hold of to film
But again we will try and keep videos going in the New Year our most popular videos have been the ones about the south parking so um I guess if Tesla doesn’t do well at something it gets a lot of views so um we had a couple of videos about south parking and then
About Testa vision they’ve done very well um again thank to everyone watching but look at this views by country right 39% um of viewers are the UK so a lot of people watch our videos from outside of the UK and amazing statistics say nearly 20% from the USA Australia 3 and a half%
Canada 3% um and it continues around the world so again big thank you to everybody wherever you are in the world thank you for listening to me rambling on views per City London’s the highest followed by Sydney Melbourne Dublin Birmingham Los Angeles New York Brisbane Denmark uh Manchester Edinburgh Glasgow Bristol Le
Toronto all around the world it’s amazing isn’t it um and we did get quite a lot of comments and even some emails through from people in Australia so um yeah that’s really good country with the least views so this deserves a special thank you actually so there’s this tiny
Little island tooo I think it is in the Pacific Ocean we looked it up it’s a tiny dot of a cluster of houses someone was watching us from there last year and so you deserve a special thank you uh for watching from there so um a big thanks yeah uh remarkable really isn’t
It so um so that about rounds up my kind of end of December end of 2023 summary in terms of data again a big thank you to everyone all the staff here for all their efforts all our subscribers and all our customers I do really appreciate
It last year was a good year growing on the previous years in fact we’ seen grow every single year and let’s see what happens in 2024 in a difficult Market condition because uh EV demand is up but there’s more around there’s new models affecting pricing so model 3 Highland
Arrives soon and that’s going to be busy time here with presum be some previous model 3s coming into the market but what is good is it’s become really affordable some amazing Bargains now model 3 standard long ranges in the 20,000 25 30,000 35,000 you know really really
Good long range even is easy charging there’s some really good Bargains tyan Market oh the prices of them are droing look at the bargains on tians now uh there’s some really good stuff out there for now very sensible money and um what I’m looking forward to is just helping
More people into EVS uh during 2024 so that’s going to be really good and if you’re a dealer look look at numbers yourself you can do that you can log in you can see demand is there so that’s it for me a big thank you to everyone from
2023 let’s roll into 2024 the phone’s already ringing let’s see what happens thanks for watching
Firstly a big thank you to our staff, customers and all our YouTube followers and subscribers. We do our best and it’s always humbling to receive such a loyal following with so many kind words to say.
So in this video I share a summary of 2023 statistics for the Used Electric Car market compared to petrol and diesel market trends.
Are Electric Cars still in demand?
It’s now also a full year of our solar system so I share the detail on that. How much did we save?
We look forward to 2024 and hopefully meeting more of our followers.
Best wishes
Thanks for watching
Richard Symons
R Symons LTD “RSEV”
EV Specialist based in New Milton, Hampshire on the South Coast near Southampton and Bournemouth
Follow daily storyboard posts on our Instagram and Facebook pages
Instagram: https://instagram.com/rsymonsltd
Facebook: https://www.facebook.com/RSymonsLTD
Website: https://www.rsymons.co.uk
https://www.instagram.com/littlethingsivemade
Our chosen Charity: www.seesaw.org.uk – grief support for young people
Merch store:
https://my-store-da67e1.creator-spring.com
If we have helped you decide to buy a new Tesla, please order via the referral link below
Use my referral link to purchase a Tesla product and get cash off (at time of writing) and other exclusive benefits.
http://ts.la/richard2280
www.rsev.co.uk
