A sustained recovery in electric vehicle values and an unexpected August price rise have boosted fleet defleet prospects and residual values, Cazana reports.
Used electric vehicle residual values marked their fourth consecutive month of growth in July, surging by nearly 7% since March.
The used car market maintained its robust, year-to-date positive trajectory through June, presenting significant equity opportunities and risk mitigation for the corporate fleet and leasing sectors, according to the latest retail data
The used car retail market continued its growth streak through May, defying the traditional bank holiday seasonal slowdown as electric vehicles and premium saloons propelled growth.
Last week saw the Plug-in Car Grant drop from £3,000 to £2,500 per car while the cost-new cap dropped to £35,000. Rupert Pontin, director of insights, Cazana, asks if there is more
Electric and hybrid used car values are showing a clear upward move, reflecting rising buyer confidence in such vehicles.