In April, online sales of electric vehicles to consumers increased by 138% year-on-year, a figure that was still 33% lower than in March, in part due to the “shortage of adequate quality stock”.

Online used stock levels in Portugal were 9.2% lower in early May compared to the previous month, due to high turnover and subsequent shortages. Compared to the beginning of May 2021, the reduction already reaches 25.5%.

The report also points to a 5% drop in general used car sales for April, compared to March, and a 27.2% reduction compared to April 2021. The report justifies this drop with continued strong demand hampered by “poor supply”.

With car supply restrictions combined with “strong” demand, the average price of used cars has been increasing, having already risen 0.8 percentage points (pp) in monthly terms, and is now 7.5 pp higher.