Disposal conversion rates for electric vehicles were very close to their petrol and diesel equivalents over the course of 2023 and beat plug-in hybrids, reports epyx. In total, 91% of EVs found buyers when made available through trade sales to dealers, compared to 94% for petrol and diesel, and 87% for PHEVs. However, EVs did sell more slowly - at an average of 12.5 days compared to around 7-8 … [Read more...]
Beware pitfalls of buying privately, warns Ombudsman
The Motor Ombudsman has warned motorists not to cut corners when buying their next used car. The cost-of-living crisis has led to an increase in first-time buyers considering cheaper options when the time comes to purchase their next vehicle. However, despite mounting costs elsewhere, the Motor Ombudsman says a used car is certainly not an area to look for quick shortcuts, … [Read more...]
Used prices volatility reflects fuel types and models
Used car prices are becoming more volatile and reflecting changes in fuel types and body styles as well as size, say Cazana director of instights, Rupert Pontin. The first week of August saw a marginal shift in the retail market with footfall at the retailers and online enquiries slightly down on the levels of recent weeks. Firstly, this is hardly surprising given it is the holiday season … [Read more...]
Local trade sales and stock quality rising
Trade sales are becoming more local, reports one company. epyx is reporting that it is seeing evidence of a return to more regional-based remarketing in recent months. Usage of options in its 1link Disposal Network platform indicate that more fleets are opting to look at pricing and sales patterns on a geographical basis before deciding where to sell a vehicle. Head of remarketing Vicky … [Read more...]