Market insight
EVs lose value twice as fast as ICE vehicles, losing average +£11K in first 3 years
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.
MOT testers call on DVSA to reduce administrative burden
Most MOT staff would support calibration companies being allowed to upload calibration certificates directly into the DVSA’s MOT Testing Service (MTS), according to a recent poll conducted by management platform MOT Juice.
Motorists unwilling to pay a premium to go electric, finds Auto Trader
Consumer concerns over the affordability of electric vehicles (EVs) are hindering mass adoption, putting pressure on the government to provide more support for the market, according to new research by Auto Trader.
Land Rover Discovery Sport tops profits for sixth consecutive month
The Land Rover Discovery Sport continues to reign supreme in the used car market, marking its sixth straight month as the most profitable vehicle, according to Dealer Auction’s Retail Margin Monitor for August.
£772 repair bill enough to push drivers to replace cars, finds CarGurus survey
A car repair bill of £772 is the ‘breaking point’ for drivers, causing many to consider replacing their vehicle instead of paying for repairs, according to a new report by online marketplace CarGurus.
Toyota Aygo ranks as most reliable first-time buyer car, finds Warranty Solutions
Warranty specialists Warranty Solutions Group (WSG) have unveiled reliability data for the most popular cars among first-time buyers, based on vehicle repair claims from its dealer network over the past 12 months.