Incentives needed to boost used BEV sales

By |2024-05-21T10:14:19+01:00May 21st, 2024|Electric vehicles, Featured, News, Used cars|

The used battery-electric vehicle (BEV) market is being held back by high prices, according to a new survey. Finance provider MotoNovo Finance is calling on the Government to launch an incentive scheme to encourage buyers in the used market to consider electric, after its survey concluded that 81% of used buyers will be unlikely to choose an EV as their [...]

Strong first quarter for used cars sales

By |2024-05-09T09:04:25+01:00May 9th, 2024|Dealer Insights, News, Used cars|

Increasing numbers of battery electric vehicles (BEVs) are now entering the used sector, with Q1 sales up by more than two thirds (71.0%) to 41,505 – posting a new record market share of 2.1%. This makes BEVs the fastest growing powertrain as more buyers are attracted to the potential cost-saving and environmental benefits. Hybrids (HEVs) also continued to sell in greater volumes, with 74,502 changing hands in a 49.3% rise. Plug-in hybrids (PHEVs), too, grew in popularity, with sales up 42.5% to 22,065.

Used volumes rise as seasonal trends return

By |2024-04-26T10:30:01+01:00April 26th, 2024|News, Used cars|

With the exception of seasonally attractive convertibles and coupe cabriolets, all sectors experienced an average drop in values in April’s Cap Live at the three-year age point. Upper medium, or D-Sector, cars dropped by the most, with BEV and diesel models most heavily affected. Volumes continue to reduce in this sector, with the overall share of the used market for these cars halving over the last 10 years.

Dealers have fewer used EVs in stock than any country in Europe

By |2024-04-22T10:33:34+01:00April 22nd, 2024|Dealer Insights, News, Used cars|

Through a combination of growing used EV sales and dealers limiting their stock levels of zero emission cars, their Market Days’ Supply (MDS) of 54 days is the lowest in Europe. To put this into perspective Austria and Spain have the highest MDS of 143 days and 135 days respectively for EVs and Denmark the lowest at 55 days.

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