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 … [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 … [Read more...]
Toyota top for reliability, says Warrantywise
The Toyota Yaris is ranked as the most reliable used car you can buy according to the latest figures released in Warrantywise’s annual Reliability Index today. Warrantywise, the UK’s leading used car warranty provider, today reveals the results from its highly anticipated annual Reliability Index using data from 2020 to 2023 as it declares the Toyota Yaris … [Read more...]
Poor reliability & higher costs drive change, says Carwow
Reliability and higher running costs are the top reasons for selling their motor according to a new survey by Carwow, the online car-changing marketplace. Nearly eight out of 10 respondents (78%) cited reliability as the biggest reason for changing their cars, while increased running costs (71%) came a close second on their list for choosing to … [Read more...]
First drive: KIA EV9 Air RWD
KIA has turned the corner into a new market segment with its EV9 pure electric model. The EV9 seven-seater launches in three trim levels and an additional range-topping six-seat option from £65,025 to £78,775 in rear wheel drive or all-wheel-drive configurations depending on trim with 200bhp single or 378bhp twin motors. That puts it squarely into Mercedes … [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 … [Read more...]
Buyers beware but enjoy your new car
If you're thinking of looking about this weekend and buying a new 24-plate car from 1 March, you need to carefully consider what you are doing and realise you may loose a deposit, says The Motor Ombudsman. It has prepared a handy checklist to take you through the steps to satisfaction and avoid annoying mistakes. … [Read more...]
Driving up depreciation mile by mile
A new study by on-line marketplace Carwow has found how mileage severely impacts the value of used cars. The study reveals car valuations can drop by a staggering 27% once they tip over the 60,000-mile mark. As a result, owners looking to sell are now being advised to do so before their vehicle hits this 60k mileage milestone, typically when a new car's … [Read more...]
EU want to ease old cars off the roads
With traditional engines being outlawed by 2050 or sooner in some countries, information has emerged regarding the European Union’s plan to restrict repairs on older vehicles, reports EuroWeekly. The proposal, originating from the European Commission and yet to be ratified, aims to phase out older, more polluting vehicles in favour of environmentally … [Read more...]
Essential questions to ask before buying a used car
If you cannot afford to buy a new-plated car next month there is a massive choice of used cars out there and whether for convenience, cost, or quality, Brits’ interest in used cars is showing no sign of waning. Nevertheless, buying a used car is still a significant financial commitment, which is why it’s essential to be prepared for the process. In fact, … [Read more...]
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