Petrol and diesel cars are written off at over double the rate of fully electric vehicles, according to a new study by automotive data experts at cap hpi. The study, which examines data from 2015 to August 2024, found 0.9% of EVs under five years old have been written off, compared to 1.89% of petrol and diesel vehicles. A similar ...
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 »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 »Five-year ICE sale ban extension to boost demand for diesel cars
The government decision to extend the ICE sale ban deadline by five years to 2035 is likely to boost values of diesel cars. That’s the view of Indicata which said that sales of used diesel cars up to four years old accounted for just 16.1% of cars sold in August, but that may change in the future following Rishi Sunak’s ...
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 »Consumers cut motoring costs as inflation hits 40-year high
Consumers are cutting back on motoring and non-essential car journeys as inflation bites. Figures from the Office for National Statistics (ONS) show that 40% of consumers are cutting back on non-essential journeys in order to reduce their outgoings. It said that inflation was now running at a 40-year high at 9.1% and is expected to go into double figures later ...
Read More »Government ICE move sparks surge in interest in EVs
The government’s decision to fast track the ban on the sale of new internal combustion engine (ICE) cars to 2030 has resulted in a spike in interest in electric vehicles (EV). On the 18 November, the day after the Prime Minister confirmed the move, advert views on Auto Trader for new EVs increased 124%, whilst Auto Trader’s pay per click ...
Read More »Government says petrol and diesel sales ban could start in 12 years
The government has brought forward the proposed timetable for banning the sale of new petrol, diesel and hybrid cars. The ban could now come into effect in 12 years’ time, Transport Secretary Grant Shapps said this week. . Last week, the government sparked industry concern after bringing the date forward from 2040 to 2035 in a bid to hit zero-carbon ...
Read More »Government to ban sale of petrol, diesel and hybrid cars by 2035
The Government plans was to ban the sale of new petrol, diesel and hybrid cars and vans to 2035, or earlier if a faster transition is feasible. The date could be earlier if proven feasible and the plans are subject to consultation.The new date is five years earlier than previously planned and hybrids are included for the first time. Transport ...
Read More »Petrol leads the used market in 2019 as SUVs lose their crown in July
The UK’s top selling used cars for 2019 have been petrol, with more than 600,000 vehicles sold. Data from Indicata UK the bestselling car of each month of 2019 has been a petrol, with the latest being the Mercedes A Class. The A Class also succeeded in bucking the trend of SUVs being the top choice for buyers in July. ...
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