The proportion of used hybrid and electric vehicles (EVs) stocked by dealers reached record levels in January. The two accounted for 17% of listings on Motors, up from 12% last January. The growth in inventory share was led by hybrids, up from 8% to 11% year-on-year (YoY), while EVs grew from 5% to 6%. Both fuel types have gained at ...
Read More »Dealers see surge in AFV trade as demand for EVs and hybrids grows
Trade-to-trade sales on alternatively fuelled vehicles (AFVs) jumped by 64.9% in 2024 compared with 2023. The digital marketplace saw 51,259 bids received on AFVs and 204,058 ad views, delivering year-on-year increases of 25.83% and 16.6% respectively. Dealer Auction said that although AFVs still represent a small proportion of the market – 5.6% on the Dealer Auction platform – the data ...
Read More »Dealer demand for AFVs gains momentum at auction
The volumes of alternatively fueled vehicles (AFVs) sold at trade-to-trade platform iDealer Auction rose 13% in September. Although the average sold price (£14,342) and retail margin (£2,740) dipped slightly month-on-month, down by 2.6% and 7.6% respectively, trade demand remains robust with the selling price around £700 higher than the first quarter of the year. This is also reflected in a ...
Read More »What Car? names top BEVs and Hybrids at Electric Car Awards
The UK’s best electric (EV) and plug-in hybrid (PHEV) cars have been revealed at the 2024 What Car? Electric Car Awards, held in association with Pod Point. The most successful brands in 2024 were BMW and Volkswagen, who each won five awards, while Mercedes-Benz was close behind with four. BMW picked up Best electric estate (for the i5 eDrive40 Touring), ...
Read More »Used car market sees ‘significant’ shift to hybrids
The used car market is witnessing a “significant” shift towards hybrids away from petrol. That’s the conclusion of the latest Indicata Market Watch report. IT said mild Hybrid Electric Vehicles (MHEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) accounted for almost one in three (30.8%) of July’s sales of used cars up to four years old. This came at the expense ...
Read More »Motorway highlights demand for hybrids amidst EV concerns
Overall demand for used-cars remained stable in Q2, with average sold prices rising 0.4%, but an increased demand for hybrid vehicles is reflected in the 2.85% increase in average sale price according to Motorway’s Inside Track. Hybrid and EV sale prices experienced contrasting changes as EV sale prices have fallen by 8.08%. There is demand for lower emission used-cars but ...
Read More »Dealer Auction reports 16% rise in AFV listings in May
Trade-to-trade listings of EVs and hybrids increased by 16% in May, says Dealer Auction. Dealer Auction’s EV Performance Review (EVPR) is a regular appraisal of Alternatively Fuelled Vehicles (AFVs) on the platform. It also showed a 15% increase in AFV bids received and a 19% rise in volume sold. Dealer Auction’s marketplace director, Kieran TeeBoon, said: “It’s interesting to note ...
Read More »Demand for used BEVs and hybrids is set to grow once ‘price is right’
Demand for used EVs and hybrids is set to grow as buyers consider their next car purchases. Most buyers (58%) said they would consider purchasing a used hybrid if it was the “right car at the right price”, with EVs also performing strongly at 50%. Overall 8% had already bought a used hybrid and 3% a used EV, with buyers ...
Read More »Diesel share of new car sales to fall to 3% by 2028
The UK new car market is set to undergo a “radical change” by 2028 with diesel’s share falling to just 3% and overall ICE vehicles falling to 38”. The decline in new diesel cars and a reduction in petrol registrations will have a profound impact on the used market, according to the latest Cox Automotive new and used car market ...
Read More »More consumers forecast to switch from hybrid buying to digital only
Car buyers are moving towards buying their next vehicle almost entirely online. That’s the conclusion of new research from iVendi which found that 74% of buyers expect to use some sort of online process to buy their next car – either buying online and collecting the car in person from a dealership (45%) or buying online with home delivery (29%). ...
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