EV REtail

Fewer than half of drivers are currently willing to embrace EVs because of concerns over affordability and charging. That’s the headline conclusion of the latest Road to 2030 report from Auto Trader, which highlighted the barriers to mass adoption of EVs as the 2030 deadline on the sale of new petrol and diesel vehicles approach. Its research, based on a ...

Auto Trader launched today a new industry EV Hub to enable retailers to keep track of the electric vehicle market, It will include the latest used EV retail pricing data and speed of sale, as well as new and used levels of EV supply and demand. According to Auto Trader the hub will provide retailers with the latest EV related ...

Auto Trader has revealed the used cars that have depreciated the most over the past year with many EVs badly hit. The average price of a used car generally was £17,732 in August, marking a 1.1% increase year-on-year (YoY). But the average price of a used EV was £31,618, down -22.6% YoY in August due to supply continuing to outpace ...

The House of Lords Environment and Climate Change Committee opens its inquiry into Electric Vehicles (EVs) today 10 am by hearing from industry experts. The first evidence session can be followed live or afterwards on Parliament TV. Giving evidence at 10am will be: Marc Palmer, Brand Director, Autotrader, Phill Jones, Chief Operating Officer, Motors.co.uk, Toby Poston, Director of Corporate Affairs, ...

The new car market grew 24.4% in August with 85,657 new vehicles registered, The increase was fuelled by a surge in registrations by large fleets, rising 58.4% to 51,951 units, while business registrations grew 39.4% to 1,635 units. Private demand softened by -8.1%, compared with a supply-constrained 2022 market, according to the latest figures from the Society of Motor Manufacturers ...

The Peter Vardy Group has acquired the MG Aberdeen and Peterhead dealerships from Gillanders. The franchises are the latest addition to the marque portfolio, following the launch in August of two MG dealerships in Edinburgh and Kirkcaldy. Peter Vardy, CEO of the Peter Vardy Group, said: “We are delighted to add MG Aberdeen to our portfolio of MG locations, and ...

Chinese carmaker and battery manufacturer BYD is launching the all- electric BYD Seal D-segment saloon in mainland Europe and the UK.. The move follows the European launches of the BYD Han (E-segment sedan), the BYD Tang (E-segment SUV), the BYD Aatto 3 (C-segment SUV) and BYD Dolphin (C-segment hatchback) on the European continent. The BYD Seal is the first vehicle ...

The UK’s best new and used electric cars (EVs) and plug-in hybrids (PHEVs) were revealed at the 2023 What Car? Electric Car Awards. The most successful brands in 2023 were BMW, MG, Mercedes-Benz, Porsche and Volkswagen, who each won three What Car? Electric Car Awards across the new and used car categories. Three cars shared the title of most successful ...

Carmakers are discounting prices of electric cars and promoting finance packages to boost sales. That’s the view of Vertu Motors issued with a trading statement ahead of its results for the six-month period ended 31 August 2023. It delivered a trading profit above prior year levels, aided by the Helston acquisition which was completed in December 2022. Vertu anticipates that ...

Accelerating sales of EVs to fleets is creating bottlenecks in servicing and maintenance networks. That’s the conclusion of the Leasing Outlook from the leasing association the British Vehicle Rental & Leasing Association (BVRLA.) In its Market Summary for August it said: “In areas such as service, maintenance and repair, the imbalance between fleet and retail demand for electric vehicles is ...