Used car reports on “over-inflated” RVs, buyer demand rising and EV prices. We reveal the Top 10 BEV carmakers. Plus DCA and Cazoo updates
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Used car reports on “over-inflated” RVs, buyer demand rising and EV prices. We reveal the Top 10 BEV carmakers. Plus DCA and Cazoo updates
Motor Trade Radio: 25 May 2024, E31, S10
?If you enjoyed this week’s Motor Trade Radio podcast, powered by MOTORS, and want to dig deeper into our featured headlines, then here are the links to all the stories.
HEADLINES
MOTOR TRADE NEWS
Fitch warns of increased risk from over-inflated RVs in UK auto loans
Fitch Ratings has highlighted increased market value risk in UK auto loan agreements due to over-inflated contractual residual values (RVs). According to a new report, these RVs were inflated during high used car prices, leaving them exposed as prices correct rapidly.
AUTOCAR
Prices of used electric cars approach ICE equivalents
Values of used electric cars?are reaching parity with equivalent petrol and diesel models, new data has revealed. First-quarter data from Manheim Auctions showed an average trade price of ￡16,654 for a two- to four-year-old EV, compared with ￡18,063 for an equivalent diesel car – a 7.8% difference.
CAR DEALER
Growing number of people looking to buy used car in next three months – report
More people are planning to buy a used car over the next three months than they were a year ago. That’s according to fresh research carried out for Motors’ Consumer Insight Panel, which found that 17.8% of in-market decision-makers were looking to buy one during the next three-month period, versus 17% last year – a 5% (or 0.8 percentage point) rise year on year.
领英推荐
FIAT GROUP WORLD
The world’s top-selling BEV makers in 2023
Last year, the drivers around the world bought around 9.6 million pure electric light vehicles. This figure, which excludes plug-in hybrids (PHEV) and extended-range electric vehicles (EREV), as well as fuel-cell electric vehicles (FCEV), indicates that the demand increased by 30% compared to 2022. Not bad, considering the challenging times that the global industry went through.
AM ONLINE
G3 Vehicle Auctions to invest ‘seven figures’ following Cazoo Wholesale acquisition
G3 Vehicle Auctions is planning a ‘seven figure investment’ over the next 12 months to create a new 30,000 vehicle volume?auction facility in Bedford following its Cazoo Wholesale acquisition for an undisclosed sum.
AUTO RETAIL AGENDA
FCA DCA deadline pushback into 2025 ‘likely’
The FCA is likely to delay its judgement on Direct Commission Arrangements (DCA) beyond its 26 September deadline due to an ongoing court case, senior lawyers told attendees at a VRA member meeting last week.?
[M]ENABLE MOMENT
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?We hope you enjoyed this week’s roundup of the big car retailing stories. Catch #AllTheChatterThatMatters?on Saturday mornings on the Motor Trade Radio podcast, powered by MOTORS.
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9 个月Another great episode once again chaps. ??