New data highlights the significant depreciation of electric vehicles (EVs) compared to traditional petrol and diesel cars, with electric cars dropping in value by an average of £11,225 over the first three years.
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.
What Car? has teamed up with valuations experts at Cap HPI to rank the UK’s slowest and fastest depreciating cars.
The Volkswagen E-Golf is the electric vehicle (EV) which holds its value the most, according to research by CompareTheMarket.
The cost of motoring has leapt by more than 10% in the last year according to the results of research carried out by HPI.
Carspring has found that the UK new car market is the second-quickest depreciating in the world – losing an average 51.9% after the first 34,700 miles.
The Volkswagen Up has been named the lowest depreciating car.
The automotive retail sector is sufficiently dynamic and innovative to adapt to a predicted weakening in market conditions that have led to PCP growth in the market.
