EV REtail

Used EV values are set to stabilise in the second half of 2023 following deep cuts in recent months. That’s the view of cap hpi, which said that “numerous” Battery Electric Vehicle (BEV) models have now “stabilised or appear close to a plateau” following falls in used values in recent months. It added, however, that a small number remain weak ...

Selected car dealerships can benefit from installing chargers on site as rental income increases. That’s the view of Savills which said that retail parks, PFS, supermarkets, office blocks and car dealerships should be considering the benefits of establishing a public charging hub within their site if they can secure a grid connection. The latest Spotlight from Savills “Electric Vehicle Charging ...

An increasing in advertising and cut price deals helped drive sales of new EVs in June. That’s the view of Auto Trader commercial director Ian Plummer commenting on the June sales figures from the Society of Motor Manufacturers & Traders. “Our figures show the electric share of the new car market enjoyed a much-needed boost in June – taking 15% ...

The National Franchised Dealers Association (NFDA) has called on the government to introduce incentives to narrow the gap between EVs and traditional petrol and diesel ICE vehicles. NFDA CEO Sue Robinson said the difference in price was hampering sales, particularly in tough economic conditions with high inflation. “Ongoing economic turbulence, including rising interest rates and inflation is impacting consumer spending ...

Nissan has launched a subscription all-in-one monthly payment service. Nissan Subscription covers the cost of the vehicle, insurance for up to five drivers, road tax, servicing and roadside assistance. The service is available on three electrified Nissan models from £645 a month on a three-month to two-year time frame. Customers can switch between models during the ownership period. It can ...

European carmakers are increasingly under pressure in their home markets from Chinese manufacturers, more and more of whom are pushing into European markets with electric vehicles. In the first quarter of 2023, China replaced Japan as the world leader in automotive exports. The event was an “astonishing advancement” from sixth place as recently as 2019. These are among the key ...

EV searches have almost doubled in the last six months according to new research. Online car searches on its platform that specify “electric” as a fuel type have almost doubled in the last six months, said iVendi. In December, 32% of searches made by potential buyers using the motor retail technology specialist’s “natural language” technology included the term but by ...

Donnelly Brothers is forecasting that the new car market in Northern Ireland will fall by 30% as dealers move from ICE to electric vehicles. It said the charging infrastructure was not up to the job and would hinder new car sales. “The [transition] will impact the traditional models of retailers and manufacturers and be challenging for consumers, particularly in Northern ...

GWM ORA UK has named SLM Norwich as its ninth official sales and service centre in the UK. This latest appointment is part of GWM ORA’s wider network growth strategy, with plans to achieve around 20 sales and service sites by the end of 2023.  The brand has 29 sales and aftersales only sites in place since launching late last ...

Volvo has revealed prices and specifications for its smallest SUV to date, the EX30. The EX30 range in the UK comes with three powertrain options: a Single Motor version with 272hp and a 51kWh battery; a Single Motor Extended Range with 272hp and a 69kWh battery; and a Twin Motor Performance with 428hp and a 69kWh battery. On-the-road prices are ...