Fleet remarketing

A new electric car grant – worth up to £3,750 off a new battery electric vehicle – has been confirmed by the Government.

A coalition of more than 30 companies has written to the Government emphasising the need for urgent action to support the used battery electric vehicle market.

UK’s electric vehicle future hangs in the balance, with used values “falling relentlessly”, costing the fleet and leasing sector dear, says the BVRLA.

Hundreds of former and current BCA drivers look set to be compensated after securing a major victory in their long-running fight for workers’ rights.

A significant nuance in supply and demand dynamics is affecting retail prices, particularly among younger vehicles, according to Auto Trader.

Philip Nothard, insight director at Cox Automotive Europe, examines the ‘shifting dynamics’ of the used electric vehicle market.

Cox Automotive is forecasting a steady outlook for the UK’s used car market, with both volume of transactions and trade values stabilising.

A dedicated technology division under the TechInspect brand has been launched by Hudson Kapel to streamline the defleet and remarketing process.

Andy Picton, specialist RV analyst at Glass’s, examines May’s new and used light commercial vehicle market.

Almost half of trade buyers say they would avoid bidding on a used electric vehicle with a lack of information on battery health.

Demand for used LCVs remained positive during May, with values remaining on a par with those seen earlier in the year, according to BCA’s latest data.

Oversupply of electric vehicles in China has the potential to impact European new and used markets, new analysis suggests.

Buyers are paying, on average, 48.8% more for used cars with falsified mileage, new research suggests.

Warrantywise has revealed which models are the most dependable in its latest Reliability Index.

Demand for used electric cars increased 31% year-on-year in May, fuelled by the ongoing softening in prices, according to Auto Trader.

Discounts on new EVs is dampening demand for nearly-new plug-in models in the used car market, new analysis from Cox Automotive suggests.

Hudson Kapel has trebled its refurbishment capacity across its central UK sites after investing in new technology and growing its head count.

Andy Picton, specialist RV analyst at Glass’s, examines the new and used LCV markets in April and the challenges being faced in both.

The proportion of used BEV sales reached a record new high at the start of May, according to the latest market report from Indicata UK.

New Marketcheck data suggests that the average used price of all four Tesla models has continued their downward trend.

Aston Barclay and BCA ordered to continue operating as separate businesses after the Competition and Markets Authority launched an investigation.

Competition remained fierce for clean condition, lower mileage vehicles, says BCA, with values routinely exceeding price guide expectations.

Simon Withey, director of Hudson Kapel, discusses the need for a holistic approach to remarketing electric vehicles.

Number of returned electric or hybrid cars to salary sacrifice specialist rose to their highest level since the business started trading in 2012.

More than a third of fleets are planning to buy second-hand light commercial vehicles within the next three years, according to new research.

Battery electric cars recorded the highest growth, increasing by 58.5% to 65,850 units and a record 3.3% share of all transactions, new figures show.

The UK’s corporate rental industry is returning to pre-Covid levels of seasonality, according to Liquid Fleet.

The UK’s fastest-selling used car under four-years of age is the Tesla Model 3, according to the latest Indicata Market Watch report.

Andy Picton, specialist RV analyst at Glass’s, assesses the performance of both new and used light commercial vehicle markets in March.

The new Motor Auction Group centre in Goole has officially opened for business with demand and prices high on the back of a strong used market.

The investment has delivered a range of technology-driven enhancements, including a new digital live auction and salvage platform.

Ric Baird, board director at the AFP, says more needs to be done to make EVs feel as much a secure and sensible purchase as a petrol or diesel equivalent.

The Constellation Automotive Group has bought Aston Barclay, including its subsidiary The Car Buying Group, for an undisclosed sum.

Used van values and sold volumes increased during the first quarter of the year, according to new data from Manheim.

UK Vehicle Data has re-launched as Vehicle Data Global to reflect its expansion and enhanced global vehicle data capabilities.

Research was based on 8,300 battery health certificates for used EVs from 30 different brands sold by Arval.

Open letter calling for urgent measures has been signed by more than 25 organisations, including fleets, rental firms, leasing companies and trade bodies.

Values for used battery electric vehicles came under the greatest pressure during March.

Trade-to-trade activity on Dealer Auction saw buyers place 919,164 bids on stock in 2024.

Partnership with DMN Group will see it expand its service offering to fleet, OEM and finance companies and dealer vendors and buyers.