Falling electric vehicle values are stabilising once they reach price parity with their internal combustion engine equivalents, March’s meeting of the Vehicle Remarketing Association was told. Andy Shields, global business unit director, of Indicata, presented data for a variety of EVs that showed this trend, following on from the dramatic price falls seen in 2023. “This effect appears to have … [Read more...]
Fleet professionals calling the shots
Details have been confirmed for this year’s annual conference from the Association of Fleet Professionals, with the main themes chosen by members. Taking place at The British Motor Museum, Gaydon, on Wednesday 15 May, it is expected to attract around 250 members and is sponsored by Enterprise Mobility. Subjects covered have been nominated by AFP fleet managers and include new manufacturer … [Read more...]
Shocking depreciation of EVs worries trade
The steep depreciation on some EV models has made dealers wary of buying them for stock, according to new research by HonkHonk.co.uk. HonkHonk is the trading platform that brings motorists together with dealers who want to buy their cars and is now warning EV drivers to expect little enthusiasm when they offer theirs for sale. More than one in three used car dealers report that they are 'much … [Read more...]
Public sector services should be open to fleet ev charging
Public sector charging facilities could be opened up to provide new options to all fleets as they target electrification, suggests the Association of Fleet Professionals. Chair Paul Hollick (right) said that some central and local government fleets were investing heavily in infrastructure to support their electric vehicles (EVs), and these could be made available in areas where private … [Read more...]
Fleets must face up to drug-driving rising risks
Fleets need to redouble their efforts on drug-driving, FleetCheck is warning, as a leading police officer reported that the issue was a bigger problem than drink-driving in some constabularies over the Xmas period. Speaking to the BBC this week, chief constable Jo Shiner of the National Police Chiefs Council said there was a "social acceptance" of drug taking and driving, particularly among … [Read more...]
Car sales boom on eve of Budget
February’s figures reinforce the robust performance of the UK automotive sector, maintaining a strong start to 2024 and signalling a nineteenth month of consecutive growth, said Sue Robinson, Chief Executive of the National Franchised Dealers Association, commenting on the latest SMMT new passenger car registration figures. In February, a total of 84,886 new cars were registered, an increase of … [Read more...]
Van drivers carry heavier risks and penalties
Getting behind the wheel of a van can be tough, especially when you're not used to, or aware of the handling changes and travel restrictions that come with larger vehicles. Although cars and vans may be similar in mechanics, they do differ in handling and manoeuvrability. So, if you're looking to get behind the wheel of a larger vehicle, it's important to be aware of these differences to keep … [Read more...]
Reselling rates for EVs close to petrol and diesel models
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...]
Makers are building the ‘wrong’ cars for ev buyers, says executive
Cheaper electric cars are urgently needed for motorists to accelerate their switch away from petrol and diesel models, says an industry financial expert. Fleets need to be able to buy electric vehicles now that used car buyers will want in four years’ time – but are being hampered by a lack of choice, FleetCheck is warning. Peter Golding, managing director at the fleet software company, said … [Read more...]
Toyota extend their EVs with two MPVs
Toyota is extending its UK electrified vehicle range with the introduction of two new people carriers which are already on sale in Europe, the nine-seat Proace Verso EV and the compact Proace City Verso EV. Offered in nine-seat Shuttle form, Proace Verso can specified in medium (4,959mm) or long (5,309mm) body lengths (below). The Shuttle specification caters for customers who need a vehicle … [Read more...]