Used car values dropped by 0.9% during August as higher disposal volumes and more selective buying put greater pressure on the wholesale market, but battery electric vehicles (BEVs) bucked the trend.
UK used car values defied historical seasonal slowdowns for the third consecutive month, powered by a surging demand for electric vehicles.
The Government’s reported plans to reduce the 2030 ZEV mandate target from 80% to 50% may ease pressure on some manufacturers, but the bigger issue for most OEMs is policy certainty, says
Values for used battery electric vehicles (BEVs) have climbed for the first time in eight months, new data from Solera Cap HPI shows.