EV interest cooling as energy rates soar

By |2023-02-24T09:39:36+00:00February 27th, 2023|Dealer Insights, News|

A fifth (22%) of drivers still plan to buy a car this year, the same proportion as in 2022, despite the tightening of purse strings but the number looking to purchase an electric vehicle (EV) has fallen from a quarter of drivers in 2022 - when fuel prices spiked to record highs - to fewer than a fifth (18%) in 2023 as electricity prices continue to rise.

AA Cars forges new gold standard for dealers

By |2023-02-16T11:23:53+00:00February 16th, 2023|Aftermarket and workshop, News|

 THE AA’s used car website, AA Cars, has partnered with Chartered Trading Standards Institute on its dealer product, AA Cars Standards, to help dealers provide more trust and assurance to their customers. The Institute has approved the AA Cars Standards, a series of pledges dealers make to their customers which form the foundation of gold standard customer service, underpinned by [...]

Used car price growth slows

By |2023-01-19T11:18:14+00:00January 20th, 2023|Aftermarket and workshop, Dealer Insights, News|

Prices for the top 20 most searched-for cars on the AA Cars platform rose by just 0.2% in Q4 on an annual basis, compared to a 9.2% increase in the previous quarter.  The average price of the top 20 most searched-for cars on the AA Cars site was £16,358 in the final quarter of 2022, compared to £16,319 during the same three-month period in 2021.

October sees a third month of market growth

By |2022-11-04T12:08:36+00:00November 4th, 2022|Dealer Insights, News|

Zero emission capable car deliveries continued to grow in volume, with battery electric vehicle (BEV) registrations increasing by 23.4% to 19,933 and plug-in hybrids (PHEVs) by 6.2% to 8,899. However, BEV uptake grew by less than the overall market for the first time since the pandemic, meaning October is the first month to see BEV market share fall year on year since May 2021, primarily attributable to supply challenges.

Demand for used plug-in models surges

By |2021-11-09T09:43:45+00:00November 9th, 2021|Dealer Insights, News|

DEMAND for used battery electric (BEV) and plug-in hybrid (PHEV) vehicles continued to grow in Q3, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Reflecting recent trends in both the new and used markets, transactions rose by 56.4% and 43.3% to 14,182 and 14,990 respectively. Indeed, the number of used BEVs that changed hands [...]

Research highlights soaring second-hand car prices

By |2021-10-21T14:20:37+01:00October 21st, 2021|News|

The AA’s used car website reports that demand for some models is so strong that they are even appreciating with age. For example a three year-old Mini Hatch now costs 57% more than a model of the same age cost in 2019. But a five year-old model currently costs 15% more than a three year-old car did in 2019, meaning it has gained in value despite getting two years older. 

Figures reveal lowest September sales in 23 years

By |2021-10-07T15:33:00+01:00October 7th, 2021|News|

However, September was the best month ever for new battery electric vehicle (BEV) uptake. With a market share of 15.2%, 32,721 BEVs joined the road in the month, reflecting the wide range of models now available and growing consumer appetite. The September performance was just over 5,000 shy of the total number registered during the whole of 2019.

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