The Budget put the brakes on new car sales last month, said the Society of Motor Manufacturers and Traders. The UK new car market declined slightly in November as new registrations fell by -1.6% to 151,154 units, and the sixth fall this year was driven by a -5.5% decline in overall demand from private buyers. Fleet uptake edged up 0.2%, while business buyer … [Read more...]
Reselling rates for EVs close to petrol and diesel models
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 … [Read more...]
