Europe's producers now anticipate making 500,000 fewer electric vehicles than expected two years ago. In the face of ongoing economic and industrial uncertainty, the automotive supply industry braces for a year of moderate growth although the electric vehicle segment continues to take a larger share however, according to CLEP Nevertheless, overall production volumes remain significantly below … [Read more...]
Used ev sales stabilize on demand and availability
Falling prices have fueled greater interest and resale of used electric cars, according to a new survey. Latest data from Auto Trader’s Retail Price Index show the recovery in used electric vehicle values has continued to gather pace in October due to the combination of increasing consumer demand for greener vehicles fuelled by attractive prices and a softening in the recent surge in supply of … [Read more...]
Is the pricing bubble about to burst? ask BuyaCar
Used car prices may have reached a ceiling, signalled by a shrinking cost gap between newer and older cars. According to the online car supermarket BuyaCar.co.uk, the average price paid for a 2021-registered car is just 4.6% higher than for cars registered in 2020. BuyaCar research shows that the gap was 24.1% in 2019, before the coronavirus pandemic and the global electronic chip shortage … [Read more...]
2020 deserves to be balanced for business
With 2019 a fast receding memory, the automotive industry is looking forward to a more balanced year, said Rupert Pontin, Director of Insight with Cazana business intelligence. Despite a decline in new car registrations, many consider the 2.4% drop to have been a fairly good result given the backdrop of political, social and economic factors that challenged every sector of the industry and made … [Read more...]