Canny buyers have been snapping up more electric and hybrid cars this year as prices drop from their original level. The UK’s used car market was flat during the first quarter of the year, down just -0.2% as 2,016,232 vehicles changed hands, according to the latest figures published by the Society of Motor Manufacturers and Traders. The performance ended a … [Read more...]
EVs biggest targets for mileage clocking
New analysis from vehicle history platform carVertical shows electric models are now the most commonly clocked cars in the UK, with 3% of those checked showing evidence of mileage tampering. That puts EVs ahead of diesel cars (2.8%), petrol cars (2.5%) and hybrids (2%) and comes at a time when many households are looking for ways to cut motoring costs by … [Read more...]
Tradelines 6 May
The UK used car market is being driven by a ‘squeezed middle’ with three-to-five-year-old cars selling the fastest in April while overall market stability continues. That is according to the latest data from Auto Trader and reported by Car Dealer, showing used cars are currently taking an average of 27 days to sell so far in April exactly in line with the … [Read more...]
The electrified new car market is sparking
The UK new car market grew by 24.0% to reach 149,247 last month, according to the Society of Motor Manufacturers and Traders, and the 2 millionth BEV was registered. The increase reflects a rebound from an unusually weak April last year, when buyers pulled purchases forward to March to beat incoming vehicle tax increases, including the application of VED … [Read more...]
Tradelines 22 April
New data has revealed a substantial shift in the British automotive landscape, with Chinese electric vehicle manufacturers almost tripling their market share in just four years. Analysis of the latest registration data by car leasing and contract hire specialist LeaseCar shows that Chinese brands now account for around 8% of all licensed plug-in cars … [Read more...]
UK suppliers wanted for British car makers
The UK automotive industry could unlock a £4.6 billion boost to domestic manufacturing by the end of the decade, as car makers ramp up requirements for British-built components amid the transition to electric vehicles, according to new analysis published today by the Society of Motor Manufacturers and Traders. It shows demand for UK sourced automotive parts … [Read more...]
VOLT powers into buying a used ev
There is a growing gap between EV interest and actual adoption in the UK, where around 70% of drivers are considering going electric, yet uptake continues to lag. Now one of Wales' leading dealers has stepped in to plug this gap and fill it with confidence. More than half of drivers remain concerned about charging, and 42% are unsure about battery life. … [Read more...]
Fleets call for delay to eVED plan
A delay to 2030 to coincide with the UK ban on internal combustion engined car sales is recommended by the Association of Fleet Professionals in its response to the government consultation on electronic Vehicle Excise Duty. The industry body says the planned 2028 introduction would impact heavily on adoption of electric cars and, in its current form, create … [Read more...]
Time to rethink Britain’s EV plan say car makers
Britain’s transition to zero emission vehicles must urgently be reviewed before targets accelerate exponentially from 2027, the automotive industry has warned, else the country’s net zero and economic growth ambitions could be thwarted. New analysis published today by the Society of Motor Manufacturers and Traders (SMMT) shows the UK’s transition pathway … [Read more...]
Electric used-cars values still falling
Petrol prices are rising, but not quickly enough to encourage a big swing to electric cars, even used models. More than half of used dealers (52%) believe electric car prices and values could further worsen this year, according to the latest research. March’s Startline Used Car Tracker shows 49% say consumer demand isn’t high enough to support values, 42% … [Read more...]
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