Tag Archives: BEVs

Used BEVs at three years old are the fastest-selling car type, according to cap hpi. As of the end of January, three-year-old BEVs were selling within 42 days on average, compared with petrol variants (48 days), hybrids (43), and plug-in hybrids (47). Chris Plumb, head of current car valuation, at cap hpi, said: “The first half of the month showed ...

The UK faces a pivotal moment in its transition towards sustainable transport. Despite ambitious government targets for electric vehicle (EV) adoption, sales figures reveal a significant shortfall, particularly in the retail sector. The time is right for the government to introduce robust incentives to stimulate demand for EVs among retail consumers, which would provide essential support for automotive retailers while ...

Registrations of BEVs by Chinese carmakers surged across Europe in November, almost equalling those of market leader Tesla. According to Jato Dynamics the standout performances of the month came from China’s automakers, which combined registered more than 24,100 units of BEVs in November (including Volvo, Polestar and Lotus), just behind Tesla. China’s automakers increased market share in the BEV category, ...

The motor retail sector has given a mixed reception to the Budget with SMMT CEO Mike Hawes lambasting the absence of measures to boost EV sales among retail buyers. “The lack of substantive measures to support the new car market – in particular for electrified vehicles – is hugely disappointing. “We welcome the extension of the Plug-in Van Grant and ...

Volkswagen Group UK is pushing ahead with plans to remap its UK dealer networks with cuts to the number of dealer outlets and fewer investors. To be fair, it’s not alone. These programmes are ongoing by carmakers and have long timelines, but the VW plan is ambitious, reflecting its big presence in the UK, taking a quarter of car sales, ...

The used car market is seeing too many medium and large electric cars entering the remarketing cycle, and not enough smaller ones for everyday buyers. That’s the view of Andy Webb, head of sales at Brego who said this imbalance was behind the collapse in BEV values over the past two years. “We’re seeing a skewing of the used EV ...

Average used values decreased by 0.4%, or around £70 at three years and 60,000 miles, in July according to cap hpi. The average movement since 2012 is a 1.1% decline. At the one-year age point, values dropped by 0.6% or c.£190. Older cars were marginally affected, dropping by 0.6% or £55 at five years old and 1.6% or £60 at ...

Average used car values in June fell by 0.1% or £25 at three years and 60,000 miles, according to cap hpi. BEV values continue to fall, down -1.7% on average, equivalent to £350. Cap hpi said whilst they remain the worst-performing fuel type regarding value retention, it was “encouraging” that June’s Live movement down is significantly less compared to the ...

As high temperatures return to a number of parts of the world setting off forest fires that can rapidly surround whole communities, I see a parallel to the challenges that we face as an industry. Over the last 10 days I’ve participated (with some restrictions due to Covid) in three events and had a number of conversations with friends and ...

Carmakers are shifting back to fast-churn, low-profit channels in order to shift new cars in a demanding market. UK new car registrations grew for the 21st consecutive month in April, rising by 1% to reach 134,274 units. Private buyer uptake fell by -17.7% whereas fleet sales rose 18.5%. “Today we are in a push market,” said Jason Cranswick, managing director ...