EV REtail

An end to the cost of living crisis and more stable electric vehicle (EV) values and prices are the biggest concerns for dealers. In December’s Startline Used Car Tracker, the two factors were chosen by 47% of motor retailers – while 40% would like better motor finance availability and 37% want better access to stock. Additionally, 35% want lower showroom ...

In the course of the typical week, I have multiple conversations, meeting and presentations with different people from across the industry and sometimes it’s difficult to keep track of what you’ve discussed with whom, what’s ended up in different presentations and articles.  I had that feeling thinking about the blog topic for this week when I was sure that I ...

BEV values fell by -34% in the first 11 months of 2023 and -3.6% in November, according to INDICATA’s latest used car insights report. Overall, average UK used prices fell by -3.7% from November moving into December and by -10.2% in the first eleven months of 2023. Used hybrid prices struggled in 2023 falling by -17.1% from January and November ...

Pentagon Motor Group, part of Motus Group (UK), is to represent the Chinese BYD brand in Lincoln alongside Vauxhall, Peugeot, Mazda and Renault & Dacia. The company sees the addition of BYD as both a strong sales platform in its own right, but also as an “interest-trigger” to drive additional footfall to the multi-brand site. Heading the Pentagon Motor Group ...

The top three fastest-selling used cars in the UK were all EVs and hybrids for the very first time in October and November according to INDICATA UK’s latest insights report. Iti said the increase in demand for EVs has been helped by the 39.7% reduction in prices since the 1 of January 2023 as well as an increased interest from ...

Dealers have an important role to play in explaining EVs to customers providing clear, detailed and supportive information about the cars they are selling. That’s the view of eBay Motors Group which said its research showed that half of car buyers expect it will take them longer to research and make a decision when buying an electric vehicle (EV) than ...

Nissan has announced plans to build three electric models at its Sunderland plant. The so called EV36Zero hub in Sunderland will consist of three electric vehicles (EVs), three gigafactories and up to £3bn investment. The project includes future all-electric versions of Nissan’s flagship Qashqai and JUKE crossovers and also the next-generation Nissan LEAF. Nissan President and CEO Makoto Uchida said: ...

Some manufacturers are flooding the market with new and nearly new Electric Vehicles. That’s the view of the National Association of Motor Auctions (NAMA) which said that the overall performance of BEVs remained consistent with previous months. It did not name particular brands. It said generally the car market is seeing prices fall. Electric Vehicles (EVs) are showing resilience, with ...

Discounts on new electric vehicles (EVs) tripled between November 2022 and October 2023 as carmakers cranked marketing to shift units. Analysis of What Car?’s Target Price mystery shopper data showed that, between the beginning of November 2022 and the end of October this year, the average combined cash and finance discount for fully electric vehicles in the UK increased by ...

The Toyota Prius has been revealed as the most desirable used EV or hybrid this month, according to insights from vehicle remarketing expert Aston Barclay. Since Toyota stopped selling the current model in 2022 it has become extremely popular as a used car, particularly in the private hire taxi market. This month’s desirability index, which ranks all makes and models ...