Ex-fleet electric vehicles are taking more than twice as long to sell as internal combustion engine models, according to new data from epyx, but the situation could change relatively quickly, the company added. Figures drawn from its 1link Disposal Network platform show that petrol cars and vans are taking an average of 10 days to sell, and diesel 11 but EVs 25. The trend remains the same when … [Read more...]
Hertz backs Greenfleet EV event from Wales
Hertz has joined forces with Greenfleet, as the Official Vehicle Partner for its 2023 EV Rally 3-7 July. Hertz will provide electric vehicles for the five-day event that goes across the five capital cities in the UK and Ireland to highlight the real-world capabilities of electric vehicles and track the progress being made with charging infrastructure in the UK. Hertz, which is investing … [Read more...]
Tradelines 22 March
Independent used car dealers are being put off stocking EVs as a result of plummeting prices, Car Dealer has been told. Speaking at last week’s Car Dealer Live conference in Gaydon, a panel of used car dealers said they had been forced to rethink their strategies as a result of the recent slide after a drastic cut in new Tesla prices sparked a downward spiral in the value of used EVs and amid … [Read more...]
Filling stations taking diesel drivers for a ride, says RAC
Diesel car and van drivers are being taken for a ride by filling stations, said the RAC. They are continuing to suffer from inflated prices at fuel pumps up and down the country and are seeing no benefit from plummeting lower wholesale costs, despite the Chancellor continuing the fuel duty freeze in Wednesday’s Budget, the RAC is warning. Despite both crude oil and wholesale diesel costs – the … [Read more...]
Tradelines 15 March
Jaguar will slash its dealer sites from about 80 today to under 20 within two years as it moves to an all-electric line up, sources have told Car Dealer magazine. The existing dealerships will have to consider selling only Land Rover models while the Jaguar range is developed but seen as taking much smaller role and the move will affect accountancy practices by those who have invested in the … [Read more...]
Sound advice with a female accent
A vehicle leasing company says customers should be given the choice to speak with a female employee from enquiries through to sales. Devon-based company, Carparison, are offering customers the option of speaking to a female member of the team in an effort to make customers feel more comfortable when doing business with the automotive industry. Carparison’s decision follows the publication of a … [Read more...]
Leasing companies accused of overcharging ev customers
Leasing deals for battery electric vehicles are being overpriced, new analysis by T&E of the used car market finds. In the UK, leasing offers for BEVs are on average 51% more expensive than their equivalent petrol model. Leasing an electric VW ID.3 costs approximately £605 a month, whilst the petrol Golf is offered at £376. In the UK, battery electric cars have the same resale value as … [Read more...]
New car sales shrug off winter chill
Improving supply components and completed cars has seen another rise in registrations in February, according to the Society of Motor Manufacturers and Traders. Sales in Wales rose the most in Britain with a 29.6% increase to 2,370 new cars. SMMT datum show 74,441 cars were registered last month – a 26.2 per cent rise on February 2022’s lower numbers but it was was down by just 6.5 per cent on … [Read more...]
Seeing is believing
Global research from behaviour experts SKIM Group has uncovered the scale to which some of the world’s most iconic automotive marques are struggling to keep up with the pace of the Electric Vehicle revolution in the eyes of car buyers. The global poll of in-market new car buyers assessed their perception of car makers' ability to survive the shift to electrified powertrains as the combustion … [Read more...]
Newcomers 28 February
BMW is offering 625hp 4.4V8 engines in its latest X5M Competition and X6M Competition SUVs from this spring. They respectively cost £123,350 and £126,050 and get a wider range of driver assistance systems as standard including adaptive suspension, AWD and active differentials. … [Read more...]
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