Nearly all dealers (97%) feel they need better support from finance providers to fund the purchase of electric vehicles (EV), according to the Startline Used Car Tracker.
The survey revealed that 52% of dealers believe their lenders are less inclined to finance EVs, 45% reported higher finance rates, and 21% said lenders require higher deposits. Additionally, 14% indicated their lenders refuse to finance EVs altogether.
Comparing this to data from 12 months ago, the situation has worsened.
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Spotlight on the customer
In this issue:
What consumers really want - trends and habits dealers must understand to provide the right buying experience
Barriers to EV purchase - many private motorists need extra help before they take the plunge
Delighting used car buyers - it's essential for retailers to offer tailored experiences and great value
Aftersales customer care - valuable interactions are vital as dealerships face fishing in a diminishing pool
A customer-first future - Steve Young, ICDP MD, gives AM an exclusive insight.
Read nowAuthor:
Aimee Turner
Deputy editor
AM deputy editor Aimée Turner has been a specialist B2B editor and journalist covering the international transportation sector for more than 20 years.
She has specialised in the significant safety, regulatory, and environmental issues that impact advanced technology businesses in the pursuit of more efficient, safer and sustainable transportation modes.
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