Electric cars conquer another market. Diesels and petrol cars in retreat
The used car market in Norway started 2026 with a clear increase. The number of transactions is rising. Buyer interest remains high.
The coming months of 2026 may change the balance of power in the used car market.
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FINN data shows high activity already at the beginning of the year. According to OFV, the number of re-registrations increased by 5 percent year-on-year. In February, the trend continues to strengthen. At the same time, new car sales are clearly slowing down.
High supply and rising prices
At the beginning of the year, the market is characterized by a large number of listings. The average publication time for an ad in January was 50 days. The average price of a used car increased by 2.4 percent year-on-year. The number of listings marked as sold increased by 12 percent compared to January 2025.
According to experts, a longer publication time does not indicate a drop in demand. Rather, it points to a high availability of vehicles. Many cars are entering the market as trade-ins after record new car sales at the end of 2024. This increases inventory levels. However, vehicle turnover remains high.
According to experts, a longer publication time does not indicate a drop in demand. Rather, it points to a high availability of vehicles. Many cars are entering the market as trade-ins after record new car sales at the end of 2024. This increases inventory levels. However, vehicle turnover remains high.
Higher costs of purchasing new vehicles are boosting used car sales.Photo: Adobe Stock, standard license
Most popular models and the growing share of electric cars
The most views in January were recorded by the Volkswagen Golf. The next spots were taken by the BMW 3 Series and BMW 5 Series. Also in the lead were the Mercedes E-Class as well as the Tesla Model Y and Model 3. The top ten also included the Volvo XC60, Mercedes C-Class, Nissan Leaf, and BMW X5.
Electric cars accounted for 35.8 percent of all listings in January. The average price of an electric car was 333,112 NOK. According to FINN, 2026 may be the year when electric cars overtake diesels on the secondary market as well. At the same time, demand for combustion engine vehicles is decreasing. Such cars are getting older and appear less frequently in listings.
The data comes from FINN's monthly report. It includes both private and dealer listings. Changes in the drive structure continue to impact the market. A large number of trade-in cars after record new car sales at the end of 2024 is still shaping the situation in the first weeks of 2026.
Electric cars accounted for 35.8 percent of all listings in January. The average price of an electric car was 333,112 NOK. According to FINN, 2026 may be the year when electric cars overtake diesels on the secondary market as well. At the same time, demand for combustion engine vehicles is decreasing. Such cars are getting older and appear less frequently in listings.
The data comes from FINN's monthly report. It includes both private and dealer listings. Changes in the drive structure continue to impact the market. A large number of trade-in cars after record new car sales at the end of 2024 is still shaping the situation in the first weeks of 2026.
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