Disposal conversion rates for electric vehicles were very close to their petrol and diesel equivalents over the course of 2023 and beat plug-in hybrids, reports epyx. In total, 91% of EVs found buyers when made available through trade sales to dealers, compared to 94% for petrol and diesel, and 87% for PHEVs. However, EVs did sell more slowly - at an average of 12.5 days compared to around 7-8 … [Read more...]
Best & worst places to buy used cars in UK
The most affordable major UK cities to buy a car between 1 and 5 years old have been revealed, with buyers potentially able to save thousands – if they’re willing to travel. According to data published by CarGurus – a leading online automotive marketplace to shop, buy, and sell used vehicles – the national average price of a 2018-2022 model year used car in Britain is £23,516, however, this can … [Read more...]
EV and used car sales are soaring
The UK’s used car market increased 5.1% in the first quarter of 2022, according to the latest figures by the Society of Motor Manufacturers and Traders. Some 1,774,351 transactions took place, with 86,596 additional cars changing hands compared with the same period in 2021, when car showrooms nationwide were closed due to pandemic-related lockdowns with only click and collect transactions … [Read more...]
Used cars bounce back led by hybrids
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021, according to the Society of Motor Manufacturers and Traders. It reported 777,997 more cars changed hands than in 2020, a year which was even more badly affected by Covid lockdowns and unsettled consumer and business confidence. Despite this growth, the 2021 performance was still -5.5% below the pre-pandemic five-year … [Read more...]
UK car maker may need bailout
Despite Coronavirus, the plug-in market in Europe grew by well over 100% this year and it will happen again in 2021. BEVs (Battery Electric Vehicles) will grow by more than 100% and surpass the growth of plug-in hybrids (PHEVs). In 2019, the UK sold 38,000 BEVs and the UK is currently on track for between 98,000 and 101,000 BEV sales by the end of 2020. Those in the industry are predicting that … [Read more...]