The first quarter of the year presents a prime opportunity for dealerships to boost annual sales, but real growth will only come from increasing electric vehicle (EV) sales. However, most marketing efforts fail to engage the largest untapped audience – the 80% of potential buyers who don’t yet see themselves as an EV owner. Search data consistently shows that demand ...
Read More »Used BEV prices show ‘signs of recovery’ in January
Retail prices of used BEVs showed “signs of recovery” in early 2025 according to the latest INDICATA Market Watch report. It said prices rose by 0.7% between the end of November 2024 and early January 2025, fuelled by price parity on many BEVs and ICE cars. It added that used car price parity is important as it gives dealers more ...
Read More »Are we facing a zero emissions U-turn?
As I head to the US for the annual NADA Show, the headlines are full of President Trump’s ‘shock and awe’ first 24 hours in office. I’m certain that I will meet many card-carrying Republican US dealers over the next few days who are highly supportive of what is unfolding in Washington, and I’m not going to comment here on ...
Read More »High cost of BEVs remains ‘barrier to entry’ for consumers despite price cuts
The decline in the BEV-ICE price gap has led to greater uptake of EVs in Europe as models become more accessible and affordable. But despite this, the high cost of Western BEVs remains a barrier to entry for consumers, while Chinese manufacturers now offer electric cars for as little as €3,250 in China, according to the latest figures from Jato ...
Read More »Steve Young Blog: Where have the ACES gone?
Before anyone thinks that I’m going to start offering tips on how to make a fortune in their local casino, I will immediately declare that my card skills are limited to simple childhood games like snap and whist. When I visit Las Vegas for the NADA Show every other year, I have absolutely no idea what’s going on at the ...
Read More »Steve Young Blog: Strength and stability – top management ‘must haves’
The news that Stellantis and Carlos Tavares were parting company came as a surprise – at least to me – given that it was already planned that he would retire at the start of 2026. The recent problems at Stellantis with high inventories in North America and low sales in some European markets have been well-publicised, so it was clear ...
Read More »Steve Young Blog: Seeing through the mist
The core of ICDP’s activities is our collaborative research programme which has been running for over thirty years at a European level. This brings players from across the distribution sector – sales and aftersales, manufacturers, dealers, parts distributors and suppliers of services and technology – together to develop a better understanding of the challenges facing us all, and how to ...
Read More »Cap hpi welcomes ‘reassuring’ September BEV values rise
Battery electric vehicles (BEVs) were the best-performing fuel type in September, rising for the second consecutive month, according to the latest analysis from cap hpi. The stabilising of the BEV market is good news for dealers who were hammed by falling values in the final quarter of 2023. At three years old, BEV values have increased slightly by 0.3%, or ...
Read More »BEV values rise in September after 24 months of decline
Values of battery electric vehicles (BEVs) rose in September after 24 months of consecutive cuts, resulting in a reduction of values by approximately 60%. That’s the finding of cap hpi which said BEVs showed a positive average movement of 1% at the three-year mark. Nearly half of the models valued at this age have seen their values increase this month, ...
Read More »BEV sales across Europe fall 36% in August as demand crashes
Sales of cars across Europe fell 16% to 753,482 units in August, according to the latest data from Jato Dynamics. This was the biggest year-on-year drop since June 2022. A total of 8.64 million new cars have been registered in Europe so far in 2024 – an increase of 1.9% compared to the same period last year. The decline ...
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