Over four out of 10 used car dealers (43%) have undertaken formal training in order to improve staff knowledge about EVs and increase sales as a result, according to the Startline Used Car Tracker. The research also found that 34% of dealerships stated that while no formal training had been undertaken, staff continue to learn more about EVs along the ...
Read More »Fraudsters more likely to target EVs when manipulating mileage
Electric vehicles are more likely to have had their mileage tampered with by fraudsters, according to vehicle history checking company carVertical. The research has found that UK drivers overpay by 29% on fraudulently clocked cars, on average. Fraudsters alter a vehicle’s displayed mileage because buyers are more likely to pay more for a vehicle that has been driven less. Matas ...
Read More »Sales of younger EVs record highest ever February market share
Sales of EVs sub-two-years-old have recorded a market share of 11.2%, their highest ever in February according to an INDICATA UK market report. A 24% monthly increase in EVs sub-one-years-old entering the market contributed to this success following investment in incentive campaigns. Dean Merritt, INDICATA UK’s head of sales, said: “Each month our used EV data looks more encouraging as ...
Read More »Government looks at tariffs to counter risk of subsidised Chinese EVs
The UK government will use trade sanctions if the UK is threatened by a flood of cheap Chinese car imports. Secretary of State for Transport, Rt Hon Mark Harper MP, attending the SMMT Connect conference yesterday, told delegates the UK had very robust measures in place for fair international trade. Harper said: “We have very robust measures in this country, ...
Read More »Dealers ‘less interested’ in EVs since fall in values
More than one in three used car dealers are less interested in stocking EVs than they were a year ago due to depreciation on models, according to research by trading platform HonkHonk. Research finds that enthusiasm has dimmed since the previous year due to price falls which removed half off the value of some battery car models. Sebastien Duval, CEO ...
Read More »Drivers ‘more likely’ to buy used EV due to falling prices
A fifth of UK drivers are more likely to buy a used EV in the next five years as the average price of used EVs and hybrids falls by 5.9%, according to new research by AA Cars. Prices for the top 20 most searched used EVs and hybrids on the AA Cars platform fell by 5.9% in 2023. The average ...
Read More »Budget extends fuel duty freeze and blanks EVs
The Spring Budget, unveiled by Chancellor Jeremy Hunt MP today, extended the fuel duty freeze. The continued 5p per litre cut is now expected to end on 22 March 2025. Sue Robinson, chief executive of the National Franchised Dealers Association (NFDA), said: “With the ongoing shift in sales models and the landmark ZEV mandate coming into force, dealers will be ...
Read More »Industry calls for Chancellor to introduce EV tax breaks in Budget
The automotive industry is urging the Chancellor to use the upcoming Budget to introduce a tax break to encourage the sale of electric vehicles. New research commissioned by the Society of Motor Manufacturers and Traders (SMMT) from Savanta found that rising numbers of would-be EV drivers are now likely to delay their switch to a battery electric car. The survey ...
Read More »Fiat lobbies government to reinstate electric car grant
Fiat has called on the Government to reinstate its electric car grant to achieve its 2030 target of 80% electric vehicle (EV) sales for the UK. In January, EV sales stood at 14.7% of new registrations with private buyer sales down 25.1 percent year-on-year. Fiat has expanded its own £3,000 grant – the FIAT E-Grant – for customers. Fiat UK ...
Read More »Nearly new EVs slower to sell than ICE counterparts
Demand for used EVs surged in 2023 as retail prices fell, making stock more affordable and electric cars more accessible to a larger audience. That’s a key finding of The Road to 2035 report from Auto Trader, which found that 9.2% of all 0–5 year old used car enquiries were electric in 2023, up from 5.2% in the previous year, ...
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