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...]
Call for incentives for retail buyers to switch to EVs
There are currently no financial incentives for private car buyers to switch to an EV, says specialist leasing company DriveElectric. So, unless the government changes its policy on consumer purchase incentives or reduces taxes in the run-up to a general election, or there’s a new government with a more pro-EV policy, sales of new EVs are likely to … [Read more...]
Showroom prices slide in pre-September sales
There are new car bargains to be had as dealers report manufacturers are dropping prices and supporting lower rate finance deals to lift sales. The traditional slow August sales before the new registration plate arrives on 1 September has been followed by an unseasonally slack demand for new models arriving from today. Rising new car prices and higher … [Read more...]
