A leasing company has analysed a popular online car marketplace and compared the prices of the UK’s most popular used cars against the number of miles the car had done to uncover the average depreciation cost per mile our cars drive. The average price an petrol or diesel car depreciates is 67ppm or by £4,669.90 a year compared with an evs cost of 55ppm and £3,833.50 annually, meaning evs save 18% … [Read more...]
Retail
JLR loses £9M through semi-conductor shortages
Jaguar Land Rover lost £9m in the last three months of 2021 amid the computer chip shortage. Global sales fall 37.6% compared to a year earlier with just 80,126 vehicles delivered in the quarter to the end of December but despite that fall in production the company saw revenue of £4.7bn, up 22% on the previous quarter. UK car production last year fell to its lowest level since … [Read more...]
Newlines 1 February
Tesla has delayed production plans for their cyber truck until 2023. It has also postponed launching a compact European sized electric Model2 below its current Model3 and ModelS as it builds on capacity for the current cars enjoying unprecedented demand which will see the company make over a million models this year. Toyota Motor Co sales rose by 10.1% last year, making it the world's biggest … [Read more...]
Weekend roadtest: Nissan LEAF e+ Tekna ProPilot 62kWh
How a car holds onto its popularity and value is a good indicator of its real worth, as in the case of the Nissan LEAF. The world’s first mass market all-electric family car was introduced in 2010 and for the UK and Europe it’s built in Sunderland where about 200,000 have been made in a decade and it's won seven used car awards in three years. Over the 12 years of its run and two model … [Read more...]
EV charging costs are postcode lottery
Figures from British Gas show there are currently 21 local authorities in England and Wales that allow drivers to charge their batteries free of charge but in some areas motorists are forced to pay as much as £4 per kilowatt hour. Analysis found that at that price it would cost around £240 to charge a typical EV from full to flat while it would cost around £3.90 to fully charge the same car at … [Read more...]
Car sales shifting towards cross-overs
Despite ongoing availability issues at dealerships, European consumers last year continued to shift from traditional vehicles such as hatchbacks, sedans and MPVs, to SUVs. These vehicles have continued to perform well thanks to the arrival of new electrified models. Last year, registrations of SUVs totaled 5.34 million units, up by 11% when compared to 2020, and down by 12% compared to … [Read more...]
Bentley will go all electric beginning in three years time
Bentley is going electric. A new family of luxury bespoke cars will be assembled in its Crewe factory from 2025 as part of a £2.5 Billion investment in sustainability over the next decade. The first BEV is scheduled to roll off the production line in 2025 and will mark a significant moment in Bentley’s long and illustrious history. It is also a critical step in the company’s Beyond100 … [Read more...]
The changing face of car sales and part exchanges
More manufacturers selling direct to the public is going to change the dealership model in future. The effects of the growth of franchise dealer agency models on the remarketing sector are not yet understood but could be far-reaching, according to the Vehicle Remarketing Association. Last year, Genesis launched as a manufacturer only on-line sales platform supported by its own experience centres … [Read more...]
Welsh electric vehicle registrations accelerate 76% in a year
Wales is switching on to electric cars in a big way. Ultra low emission vehicles registrations across Wales shot up nearly 76% between July-September compared to the same time a year before. The Department for Transport’s figures show that at the end of September, 12,900 vehicles belonged to Welsh residents, up from 7,330 on July-September 2020. The data shows the pace of moving to electric … [Read more...]
Fleets fear petrol & diesel value collapse
Fears over the future residual values of internal combustion engine cars and vans are increasingly helping to drive fleet adoption of electric vehicles, FleetCheck is reporting. Andy Kirby, customer success director, said that worries were being expressed across its outright purchase user base that demand for used petrol and diesel vehicles might start to substantially fall in the second half of … [Read more...]