Not having a home charger is the biggest objection dealers hear from used car buyers considering an electric vehicle. Dealers report that more than half of people (52%) mention this problem, according to May’s new Startline Used Car Tracker. Paul Burgess, CEO at Startline Motor Finance, said, “In a way, it is encouraging that this is the biggest objection … [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...]
Tradelines 15 May
Kia has sold its 1.5 millionth car in the UK this April, amid a record-breaking month for the brand. The landmark 1.5 millionth sale was a Kia EV6 ‘GT-Line S’ in Yacht Blue, sold at 9:35am on Tuesday 16 April at Norton Way GWR Kia in Brentford, London., some 33 years after Kia made its UK debut with the Pride. Average fleet parts prices have risen by more … [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...]
Used cars ‘haggle margin’ eases sales
Almost half of dealers (47%) build a small “haggle margin” into the price of their used cars, new research shows. April’s Startline Used Car Tracker also shows that 22% agree customers feel better about their deal if they achieve a small discount – although 33% believe fewer customers walk away because they don’t get the discount they want. Paul Burgess, … [Read more...]
Uncoiling the myths about future EVs
Forthcoming advances in electric vehicles (EVs) are the focus of a new white paper by the Vehicle Remarketing Association. Called “The Future of Electric Vehicle Technology”, it has been written by battery electrochemist Euan McTurk, creator and presenter of Plug Life Television, a YouTube channel about EVs. It covers topics including diversification of … [Read more...]
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