Xpeng is the Chinese electric vehicle manufacturer most likely to succeed in the UK market, named by 36% of dealers in new research. It is followed by Omoda (34%), BYD (31%), Lynk & Co (24%) and Nio (24%), according to June’s Startline Used Car Tracker. Other new entrants named by dealers include Jaecoo (19%), GWM ORA (17%), Zeekr (12%) and … [Read more...]
Covid cars masking missing features
Cars made during the pandemic with irregular specifications are causing valuation issues as they start to appear on the used market, says the Vehicle Remarketing Association. It is causing a headache for dealers and annoying customers who think they are getting models with higher specifications than is the case. Marcus Blakemore, chair of the trade body’s … [Read more...]
Businesses buying rise in UK car sales
The UK new car market marked its 22nd consecutive month of growth as registrations rose 1.7% in May, according to the latest figures from the Society of Motor Manufacturers and Traders. With 147,678 units reaching the road, it was the best May market performance since 2021, although it remains down some -19.6% on 2019. Fleets and businesses continued to … [Read more...]
World’s still raving over the Toyota RAV4
The Toyota RAV4 is celebrating three decades since it reshaped the automotive landscape, during which time it has become a global SUV icon. In March 1994, the Geneva Motor Show hosted the launch of a new type of vehicle: a compact, all-wheel drive SUV based on a monocoque body. The Toyota RAV4 was an original, being agile, versatile and designed to meet … [Read more...]
Carwow show best times to sell cars
New research shows that the first half of the year is the best time to sell a car, with data showing that sellers shifted their cars for a higher price than the initial valuation. This time of year also boasts a higher track record of vehicles sold. This contradicts the belief among many car owners that hotter months are often the best for selling … [Read more...]
Publicity affects perception of EVs, says study
Negative coverage mean that more than four out of 10 people (43%) think electric vehicles easily catch fire, shows new research. May’s new Startline Used Car Tracker also reveals that 52% believe EV batteries become useless after just a few years, 26% that they are ultimately more polluting than petrol cars, and 24% that drivers can lose control of the … [Read more...]
Renault Zoe biggest loser, Volvo V90 winner
Depreciation is any new car owner’s worst nightmare, with cars being notorious for dropping in value as soon as the leave the forecourt of the dealership. However, not all cars are made equal when it comes to depreciation, with some faring better than others over the course of a few years, or indeed their lifespan. There are also several factors that can … [Read more...]
Government call for dealing with future classics
Car enthusiasts and industry can now have their say on how to best preserve iconic classic cars like the DMC DeLorean, MkII Jaguar and James Bond’s Aston Martin DB5 for decades to come. The Government has launched a call for evidence to gather views on how classic and historic cars can be preserved for future generations and boost jobs in the £18 billion … [Read more...]
Used car sales booming as new regs slow
The UK’s used car market rose by 6.5% in the first quarter of 2024 with 1,967,923 units finding new owners – the strongest start to a year since pre-pandemic 2019, according to the Society of Motor Manufacturers and Traders. Earlier this week, the car makers' body in Britain reported a dramatic slowdown in new car sales, particularly among retail … [Read more...]
Make money from these models, say Carwow
New figures revealed UK car dealers’ 10 most in-demand models, with owners being advised they could get a better price if they sell as soon as possible. Overall, the Volvo XC40 was identified as the country’s most sought after car by dealers. As high demand can often have a positive impact on a car’s value, this means owners have an opportunity to receive a … [Read more...]
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