Battery health checks and their impact on the used electric vehicle market will be the main discussion at the July member meeting of the Vehicle Remarketing Association. Being held at Cox Automotive in Bruntingthorpe, Leicestershire on Thursday 25 July, it will include contributions from battery health experts Aviloo, Altellium and Clearwatt, as well as the … [Read more...]
Advice for first-time EV motorists, from Volta EV
If you've just taken delivery of a new-plate electric car or bought your first used version, here's some advice on the best times to recharge and get the most out of the battery and what you should avoid. EV charging expert Chris Moniz at Volta EV has given their advice on the best, worst, and cheapest times to charge your car in order to make it … [Read more...]
Gaps in EV sector need plugging for businesses
Fleets are starting to enter a “tougher” period of electrification in 2024, the Association of Fleet Professionals is reporting. Paul Hollick, chair, said that a number of factors were combining to potentially slow the rate at which electric vehicles were being adopted by businesses and that fleet managers needed new strategies to maintain momentum. “When … [Read more...]
Used EV prices expected to fall in short term
Nearly half of dealers (46%) think the values and prices of electric vehicles (EVs) will fall following the government’s move to push-back the electrification deadline to 2035, as consumers take more time to make the switch. November’s new Startline Used Car Tracker also shows that 44% believe a corresponding rise in petrol and diesel prices and values … [Read more...]
Dealers fears for future of motor trade spelled out
The arrival of the agency model and availability of motor finance are emerging as growing worries for used car dealers, shows August’s Startline Used Car Tracker. When asked about the biggest challenges facing them for the future, the agency model was mentioned by 27% of respondents, the highest monthly figure recorded since this factor was added to the … [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 … [Read more...]
EV toll-tax opposed to encourage greener motoring
More than half of motorists are against a new proposal to make electric vehicle drivers pay six pence per mile to counter a tax shortfall compared to petrol and diesel cars. July’s Startline Used Car Tracker shows 55% believe such a move would not be fair while 40% say that EV tax should be kept low by the government in order to encourage take-up. Also, 22% … [Read more...]
EVs becoming more acceptable at resale
A tipping point is close to being reached where there will be widespread dealer and buyer acceptance of electric vehicles, members of the Vehicle Remarketing Association were told at the organisation’s Annual General Meeting last week. Dale Wyatt, director of automobile at Suzuki GB, who presented on issues currently facing motor manufacturers, said that … [Read more...]
Banks must finance more EV deals
Almost six out of 10 dealers (58%) believe that more support is needed from their motor finance providers to retail electric vehicles, shows new research. May’s Startline Used Car Tracker reports that 41% say their lenders are less keen to finance EVs, 10% want higher deposits from buyers and 5% charge higher interest rates. A further 5% say their lenders … [Read more...]
Dealers putting brakes on buying EVs
Dealer margins are being squeezed as despite strong demand it is proving difficult to push retail prices up, according tp CAP HPI. This is due to consumers cost-of-living concerns and high used car prices from increases since the start of COVID, and especially in 2021 when values increased by c.30% on average. Plus there is strong competition from other … [Read more...]
