Ryan Fowler, acting CEO of the Leasing Broker Federation, said:

“The used car market’s return to pre-pandemic levels is encouraging, and growth in electrified transactions shows demand is building as supply improves.

“For brokers, a healthy used sector is essential to complement new vehicle leasing and to give customers more affordable routes into low-emission vehicles.

“Continued momentum will depend on a strong new car pipeline and faster expansion of charging infrastructure to support the long-term EV transition.”