Pendragon is in ‘advanced discussions’ with Chinese EV manufacturer BYD, to be its UK launch partner. The move is part of a strategy to expand the new car business in the UK. “We are excited to be in advanced discussions with electric vehicle manufacturer BYD to be their lead UK launch partner as they enter the market later this year,” ...
Read More »…Surge in fuel prices triggers ‘huge spike’ in demand for EVs
The surge in fuel prices and the dawn of the £100 tank has triggered a ‘huge spike’ in demand for electric vehicles (EV) on the Auto Trader marketplace. Auto Trader’s findings come as official figures show inflation in May rising to 9.1%, the highest for four decades, with the potential savings only set to increase as fuel prices continue to ...
Read More »More EVs purchased in March 2022 than whole of 2019, says Bridgestone
More EVs were purchased in March 2022 alone than in the whole of 2019. Even as the broader market slumped, Bridgestone’s latest survey with YouGov underlined a growing appetite for the technology after 2,000 motorists were questioned. There were 39,315 new battery electric vehicle registrations during March, according to the Society of Motor Manufacturers and Traders (SMMT), compared to just ...
Read More »Check out the UK’s fastest and slowest selling used EVs
The fastest selling used electric vehicles EVs shift off forecourts five times faster than the slowest, 20 days compared to over 100. The fastest EV to sell in March was the popular Renault Zoe. According to Auto Trader data it sold in just 20 days followed by the Kia Soul which sold in 21 days and the long established Nissan ...
Read More »Volkswagen Group sees all electric vehicle sales surge 65% in Q1
Volkswagen Group is pushing hard on the electric front with sales of all-electric vehicles up by 65% in the first quarter. A total of 99,100 BEVs have been handed over to customers by the end of March, up from 60,000 in the opening quarter of the previous year. The increase came despite supply bottlenecks for semiconductors and wire harnesses which ...
Read More »Online search for EVs trebles in past year says iVendi
Online searches for used electric vehicles have almost trebled over the last 12 months, according to figures from iVendi. The company sees more than 9 million searches made every year by customers accessing dealer used car stock and said that terms relating to electric cars, PHEVs and hybrids, as well as specific electric models, now accounted for 1.34% of all ...
Read More »The agency model, disruptors, used EV sales
This month we look in depth at the agency model and try and assess the implications for dealers of all sizes, customers, carmakers and intermediaries. It is early days yet, but we chart what different carmakers are doing and also some plans in the pipeline and try to gain some insight into how profitability will be impacted and whether the ...
Read More »Dealers respond to Government net zero strategy
The UK Government has published its Net Zero Strategy to enable the UK to reach net zero emissions by 2050. As part of the strategy, the Government has announced an extra £350m of its up to £1 billion commitment to support the electrification of UK vehicles and their supply chains. There is also an additional £620m for targeted electric vehicle ...
Read More »Lookers partners with EV charger locator Zap-Map
Lookers has teamed up with electric vehicle (EV) charging point mapping and data specialist Zap-Map. Lookers’ customers will be able to access Zap-Map’s interactive software through its online channels, enabling them to pinpoint UK electric charging points for free. Zap-Map cited research from price comparison site uSwitch which identified that access to available charging points was the most important motivator ...
Read More »New speaker line-up for MT Webinar on car ownership trends
Stuart Taylor, sales director, White Clarke Group, UK & Ireland has joined the line-up of presenters for Motor Trader webinar ‘The Changing Face of car ownership, taking place on 29 March at 11am. White Clarke Group is a world leading provider of end-to-end automotive, consumer and asset finance software Motor Trader has teamed up with BNP Paribas Personal Finance to ...
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