AU$ All prices are in Australian dollars.

Key insights

Used market sees off winter dip

The softer used market behaved almost identically to Q3 2024 reflecting ongoing economic volatility, with buyer interest returning in late September. Sale volumes grew by 10 per cent nationally, with new records set in the EV sector. Pickles forecasts continued strength into Q4, with further acceleration expected in early 2026.

Battery health drives EV confidence

Australia's first national rollout of Battery State of Health (SoH) certificates program is proving a game-changer. Certified EVs attracted more bidders (+15 per cent), more bids (+10 per cent) and stronger resale values (+6 per cent), with the Datium EV Index also lifting – a sign of growing market trust in second-hand EVs.

Novated EV leases signal incoming second-hand supply wave

EVs now represent 30-40 per cent of all novated lease settlements in Australia, but the real impact is just beginning. With leases signed post-FBT exemption maturing, Pickles forecasts up to 15,000 ex-lease EVs entering the used market annually by late 2026. Sellers will need smart remarketing strategies – including battery health certificates – to stand out in a rapidly growing second-hand EV pool.

Salvage market's second life potential

The salvage sector continues to thrive as repairable EVs and ICE vehicles enter new value streams. Buyer interest is particularly strong for prestige brands and performance models, highlighting growing market sophistication and appetite for second-chance potential.

Electric motorcycles rev up buyer interest

Pickles' record-breaking auction of 400+ electric motorcycles set a new benchmark for two-wheel EV resale in Australia. A bespoke campaign strategy and transparent battery testing delivered returns ~50 per cent above expectations, revealing untapped demand in niche EV segments.

Quarterly market confidence returns – and so do the buyers

In our last QAR, we noted softening in used vehicle values, driven by trade buyer hesitation and broader market conditions. The Datium Index showed a consistent price dip from around 130 per cent in March to 121 per cent in September – closely mirroring 2024's seasonal dip.

Over the past quarter, many trade buyers reported a drop in demand and vehicle enquiries on their yards. As they account for ~70 per cent of ICE purchases and 45 per cent of EV sales, their participation plays a critical role in shaping overall sale prices.

ICE Purchases Buyer Split image Figure 1a: ICE Purchases Buyer Split.
EV Purchases Buyer Split image Figure 1b: EV Purchases Buyer Split.

But there are strong signs the market is turning. Late September brought renewed buyer activity, with used vehicle prices and sentiment rebounding. As winter seasonality subsides, Pickles expects momentum to build through October to mid-December – a trend consistent with historic end-of-year uplift.

Electric vehicles defy the dip

Used Car Price Index - ICE vs EV image Figure 1c: Used Car Price Index – ICE vs EV.

While the ICE used index eased four per cent in Q3 due to petrol and diesel prices easing, battery electric vehicles (BEVs) bucked the trend. The index climbed from 106 per cent to 108 per cent, supported by the launch of Battery State of Health (SoH) certificates that boost buyer confidence. Hybrid remained stable while the PHEV index dipped towards the end of the quarter.

Used Car Price Index by Fuel Type (3-Month Rolling Average) image Figure 1d: Used Car Price Index by Fuel Type (3-Month Rolling Average).

Dealer interest in EVs is also gaining traction

The launch of SoH certificates in July marked a turning point. Some dealers purchased EVs for the first time; others increased their monthly volumes. Dealers now account for 45 per cent of used EV purchases, up from 40 per cent in June.

That said, resistance remains. Since January 2024, only 36 per cent of Pickles' top 100 dealers have purchased a used EV.

Battery certification may become a finance prerequisite, putting growing pressure on dealers to adapt. The government's legislated emissions targets for 2035 are also expected to accelerate the shift to EVs. Together, these forces will make it harder for dealers to remain on the sidelines, especially as the ICE vehicle market contracts.


Used volumes surge across the board

Motor Vehicle Sales image Figure 1e: Motor Vehicle Sales.
Used EV Sales Volume image Figure 1f: Used EV Sales Volume.

Pickles sold over 18,000 vehicles in Q3 – up 10 per cent on the previous two quarters. Fleet and government turnover was similarly strong, driven by a July spike in vehicle intake following robust new car deliveries.

Used EV volumes rose over 35 per cent quarter-on-quarter, hitting a milestone of 100 sales in a single month. EV prices have remained stable for 15 months – a key factor in encouraging greater dealer participation.


New car deliveries
flow through

More than 315,000 new vehicles were delivered across Australia in Q3, expanding secondhand supply. In FY2025, Pickles sold over 70,000 vehicles, with forecasts pointing to 75,000 sales in FY2026. While some fleet backorders remain, availability of new stock is steadily improving.

New Car Sales image Figure 1g: New Car Sales. Source: VFacts & Electric Vehicle Council

Outlook for Q4 and beyond

Pickles forecasts continued strength in the used vehicle market through Q4, with further acceleration expected in Q1 2026. The Datium Index is projected to return to 130 per cent by early 2026.

With recommended retail prices continuing to grow, many consumers are priced out of the new vehicle market. This is fuelling demand for high-quality used vehicles, particularly those offering extended warranties, up-to-date safety tech, and better value for money.

“The fundamentals are solid,” says Fraser Ronald, Chief Commercial Officer. “As supply normalises and transparency improves, we're seeing confidence return across buyers and sellers alike.”

Battery health scores boost EV buyer confidence

Australia's first nationally available Battery State of Health (SoH) certificates program is helping Pickles build buyer trust, attract more bidders, and lift resale values for used electric vehicles (EVs).

Following the July launch of the SoH certification program across Pickles' national EV resale network, data from the first quarter shows strong commercial impact. EVs with a battery certificate achieved over 15 per cent more bidders, over 10 per cent more bids, and clearance rates are over 200 per cent higher.

The battery health certification program uses a number of diagnostic tests to assess each vehicle's battery condition. Buyers receive a full health report and certificate detailing the battery's remaining capacity and performance in comparison to a brand-new equivalent.

EV Bidders and Bids image Figure 2a: EV Bidders and Bids.
EV Clearance Rates image Figure 2b: EV Clearance Rates.

Battery transparency drives bidding and price uplift

The Datium Used Car Index for EVs has lifted over the past quarter – increasing to 108 per cent from 106 per cent in June, at a time when ICE vehicles fell to 121 per cent from 125 per cent over the same period. Arguably, used EV prices should have followed the same downward trend as they did last year without the confidence created by SoH certificates.

In addition, when comparing sales results to Glass's Guide estimates, vehicles sold with certificates achieved six per cent more per car than those without, underscoring the program's impact on buyer confidence and vendor outcomes.

“Battery health is one of the top drivers influencing used EV value,” says Brendon Green, General Manager – Automotive Solutions. “Our data shows that transparency doesn’t just help buyers; it directly improves outcomes for vendors as well.”

EV Sale Prices Compared to Glass's Guide image' Figure 2c: EV Sale Prices Compared to Glass's Guide.

Strong dealer uptake signals future scale

Dealer response has also been swift, with early adopters integrating the SoH score into their reconditioning and resale decisions. In fact, dealers purchased 50 per cent of EVs with a certificate and less than 40 per cent without.

“Dealers are seeing the benefit of being able to buy and sell with certainty,” Green adds. “It’s not just about price – it's about being able to stand behind the asset with confidence. That's a game changer for the wholesale market.”

Dealer EV Purchase Rate image' Figure 2d: Dealer EV Purchase Rate.

Confidence is expanding the market

Battery certification is attracting a broader pool of EV buyers. Private buyers continue to account for more than 50 per cent of used EV purchases, but the real shift is who is buying them.

For the nine months prior to launch, purchases were evenly spread across the 31-60 age demographics. Since the introduction of SoH certificates, private buyers in the 41-50 age bracket have almost doubled their purchase rate – a clear sign that added transparency is resonating with this cohort and driving new engagement in the second-hand EV market.

EV Buyer Age Demographic Pre SoH Certificates image Figure 2e: EV Buyer Age Demographic Pre SoH Certificates.
EV Buyer Age Demographic Post SoH Certificates image Figure 2f: EV Buyer Age Demographic Post SoH Certificates.

Battery health certification is reshaping used EV sales – boosting buyer confidence, lifting prices, and expanding market reach. With strong dealer and private buyer uptake, Pickles is driving a more transparent and sustainable future for electric mobility.

Used EV listings set to surge as Novated Leases mature

Australia's electric vehicle (EV) market is on the cusp of a second-hand supply boom, with tens of thousands of novated lease EVs approaching the end of their lease terms.

Since the introduction of Fringe Benefits Tax (FBT) exemptions on EVs in July 2022, uptake has soared. In 2025 alone, Pickles estimates that EVs represent 30-40 per cent of all novated lease settlements nationally.

According to Chris Shaw, General Manager – Motor Vehicles, this shift will soon be felt in the second-hand market.

“Novated leases terms are typically three to five years. That means a large wave of EVs acquired under the FBT scheme is set to return to market over the next twelve months,” says Shaw.

Currently, there are only a few thousand used EVs listed by private sellers across Australia – a stark contrast to the roughly 150,000 private internal combustion engine (ICE) vehicles on the market. But with ~450,000 vehicles under active novated leases and around 40 per cent expected to be traded in or sold at maturity, supply is poised to ramp up rapidly.

What sellers need to know

While more than half of novated lease holders are likely to extend their lease or pay out the residual and retain the car, the remaining volume represents a substantial new stream of vehicles entering the used market.

Pickles expects that by late 2026, as many as 15,000 ex-novated EVs could be sold annually – either privately or through trade-ins.

To stand out, sellers need more than just a clean car and good timing. “Maximising buyer reach and offering transparency through a Battery State of Health certificate will be key,” says Shaw. “That's where our national remarketing service adds real value.”

Pickles' value-add for remarketing

Pickles has already begun issuing Battery State of Health (SoH) certificates for used EVs, giving buyers the assurance they need to confidently invest in pre-owned electric vehicles.

“We're ready for this shift,” says Shaw. “We've built the tools to help sellers secure strong results, and to help buyers feel informed and protected in their purchase decisions.”

Battery State of Health Certificates on Pickles EV listings image Battery State of Health Certificates on Pickles EV listings

Salvage demand holds strong as EV volumes and ICE values surge

Pickles has recorded another strong quarter in salvage, with Q3 2025 marking new highs for sales volumes, buyer interest and price recovery across internal combustion engine (ICE), electric vehicle (EV) and prestige segments.

EV salvage volumes jumped 95 per cent year-on-year, with nearly 300 vehicles sold in the quarter. Strong returns were observed across all categories with a significant price uplift on Q3 2024 for ICE vehicles – signalling strong buyer confidence and ongoing demand across parts and repairable vehicle markets.

Salvage EV Sales Volume image Figure 4a: Salvage EV Sales Volume.

“Salvage remains one of the most dynamic markets we operate in,” says Nick Johnson, General Manager – Salvage. “We're seeing sustained buyer appetite in all categories – from repairable ICE vehicles to near-new EVs and high-value prestige assets.”

Top 10 Make vs. Average Sale Price image Figure 4b: Average Price - Top 10 Salvage ICE Makes.

ICE remains dominant, but EV values rising

Over the past year, Pickles sold more than 160,000 ICE salvage vehicles (average age 12 years), with around 35 per cent assessed as repairable.

Toyota salvage prices are driven by strong parts demand, particularly across commercial models, and solid residual values. Ford and Kia followed closely – Ford buoyed by Ranger parts demand, and Kia by the higher cost of new parts.

While EV volumes are lower – just under 900 units across the year – their average values are significantly higher, at ~$10,000, with 43 per cent assessed as repairable. These assets are newer on average (2.8 years old) and have lower average kilometres (19,000 km), reflecting the youth of the EV fleet and potential for second-life applications.

Tesla remains the top-selling EV brand at Pickles, comprising 45 per cent of volumes, followed by BYD at 15 per cent. Recent strong results for the BYD Seal helped lift overall resale performance for the brand, while the resale average for Tesla was brought down by older Model S and X stock.

Top 10 Make vs. Average Sale Price image Figure 4c: Average Price - Top 10 Salvage EV Makes.

Prestige sales remain robust

More than 15,000 prestige salvage vehicles were sold in the past year. Land Rover represented around 10 per cent of volumes, while Porsche topped the category for average resale price.

Notable Q3 sales included:

  • 2021 Lamborghini Huracan – $200,000
  • 2024 Aston Martin DBX – $160,000
  • 2025 Porsche Cayenne – $152,000

Demand for prestige salvage remains high, driven by interest in repairable assets and high-value parts.

Top 10 Make vs. Average Sale Price image Figure 4d: Average Price - Top Salvage Prestige Makes.

Q3 2025 Prestige Salvage Sales

2024 Lexus GX – Sold on Sep 23 image 2024 Lexus GX – Sold September 2025. Source: Pickles Auctions
2024 Audi RS Q8 – Sold on Aug 21 image 2024 Audi RS Q8 – Sold August 2025. Source: Pickles Auctions
2024 Chevrolet Silverado – Sold on Sep 30 image 2024 Chevrolet Silverado – Sold September 2025. Source: Pickles Auctions

Electric motorbikes test Australia's second-hand EV appetite

In a niche but significant milestone for the secondary EV market, Pickles recently delivered Australia's largest-ever electric motorcycle auction – a standout result made possible by a tailored remarketing strategy, targeted campaigns, and deep buyer networks.

The auction followed the liquidation of a major national motorcycle retailer, a long-established retail chain with locations across Victoria, New South Wales, Queensland, South Australia, and Western Australia. While the majority of the business was on-sold, more than 400 electric motorcycles – primarily supersport and commuter-style models – remained without warranty.

Pickles was appointed by KordaMentha and a major financier to manage the national asset disposal. With few local benchmarks for electric motorbike resale, and total national sales in 2024 also sitting at around 400 units, this auction represented a bold test of demand for a complex, high-value, and relatively unfamiliar asset class.

“This was a complex sale, presenting unique challenges around stock volumes and targeted buyer engagement,” says Helen Sklavos, Executive Manager – Finance & Advisory. “So we built a multi-pronged campaign to engage private buyers and motorcycle enthusiasts directly, using data-driven insights, creative content, and our national buyer base.”

A tailored campaign that shifted gears

Pickles developed a dedicated national auction campaign across digital, social, and PR, supported by a custom photo and video library and targeted EDMs to motorcycle buyers. Every asset was accompanied by a detailed condition report, and all batteries were tested by EV technicians to improve buyer confidence.

Strong early demand saw bids exceed expectations by the fourth day of the five-day campaign – prompting the auction to be re-listed as “Unreserved”. This final push drove a surge in participation, delivering outstanding results ~50 per cent higher than projected for vendors and confirming latent demand for unique electric vehicles outside the mainstream passenger market.

“It's a textbook case of what happens when you combine asset-specific strategy with platform reach and transparent testing,” says Sklavos. “The result was more than just a great sales outcome – it gave confidence to sellers, buyers, and the broader market alike.”

The success of the campaign signals a broader opportunity for repurposing and remarketing non-traditional EVs, particularly as newer models enter the Australian market. With battery testing and resale frameworks now in place, Pickles is set to play a leading role in building confidence in the electric two-wheel segment.