Manufacturers and dealers are dumping new EVs into the UK market and its hitting residual values of existing electric cars, according to trade sources. Growth in electric vehicle pre-registration activity is presenting challenges for the used car sector, says the Vehicle Remarketing Association. Data provided to the VRA by AutoTrader shows that because … [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...]
UK e-vans policy is crashing, say dealers
Government policy on electric vans is short-sighted and in a mess, according to the commercial vehicle division of the National Franchised Dealers Association. Last week, NFDA’s Commercial Vehicle division wrote to the Department of Transport highlighting key regulatory issues that are holding back the Electric Van market. Since 2018 the government have … [Read more...]
British trucks secures Government grant
British electric vehicle manufacturer Tevva has secured government plug-in truck grant (PITrG) eligibility for its 7.5t battery-electric truck. UK organisations looking to decarbonise operations and future-proof their fleets will benefit from a potential £16,000 discount, removed from the purchase price by Tevva. To be eligible for the grant, N2 … [Read more...]
Drivers warned about leaving it late to switch insurers
Time is running out if you want to save money and switch insurers before a new law takes effect. Price analysis website Comparethemarket.com has studied UK car insurance premiums over the last nine years revealing drivers are losing up to £350 by not switching their insurance at the optimum time. Significant savings can be made based on the number of … [Read more...]
New car discounts are rising
New car discounts have steadily increased since the beginning of the year as the motor trade struggles to shift stock. Citroën retailers have offered the biggest discounts on new models, with nearly 12% savings since the start of the year, according to exclusive What Car? research. Premium brands, including BMW, Mercedes-Benz and Volvo among those offering … [Read more...]
