Collapsing EV values and waning confidence in forecast residuals will increasingly force leasing companies to extend contracts and encourage the re-leasing of used EVs in a bid to mitigate losses. All players in the market, from leasing companies and their customers to manufacturers, are feeling the impact as the crisis deepens. That's the prediction from … [Read more...]
Used electric and diesel cars in demand
Consumer interest in used electric and diesel cars has rapidly increased over the last six months, shows new research. December’s Startline Used Car Tracker shows the percentage of motorists who say that they would definitely consider an electric car as their next vehicle is up from 19% to 29%, while for diesel, it has increased from 12% to 22%. However, … [Read more...]
Used EV demand continues rising
It is positive to see that, following the best first half-year performance since 2019, the used car market has continued to demonstrate robust growth in this quarter, despite challenging conditions, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. The used car market experienced growth of 4.3% between July and September, … [Read more...]
Credit for used EVs as sales stabilise
A decision to begin providing used electric car funding for the first time is a “vote of confidence” in the stability of the market, says Startline Motor Finance. The motor finance provider is now offering its full range of hire purchase and personal contract purchase plans for electric cars with rates and conditions identical to petrol and diesel … [Read more...]
Call for independent certified EV health check
Almost nine out of 10 motorists say it is important to have an independent, certified used electric car assessment showing how well previous owners have looked after the vehicle’s battery. While 83% want to know how long the battery will take to fully charge, 82% also want verification on the amount of battery capacity that has been lost since new and 81% … [Read more...]
Tradelines 7 August
Fatigue is being added by FleetCheck to the employee fit-to-drive declaration included in the company’s daily vehicle walkaround safety app. The fleet software specialist says that there is increasing concern among employers about the dangers of tired drivers and a desire to include it in risk management policies. Responding to the news that the Labour … [Read more...]
Measuring degradation and demand for used EVs
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...]
