News
USED VAN DEALERS SHUN BEVS
U
sed van dealers are turning away from buying battery electric vans (BEVs) at auction
due to the diffi culty of selling them on to retail customers, according to research from cap hpi.
Used LCV values fell by 1.2% overall
in August at three years, 60,000 miles. Values for BEV LCVs though dropped by 4% for compact vans and 14.8% for large vans as trade buyers focused on easier-to-sell diesel models, said the automotive data company. Ken Brown, LCV valuations editor at
cap hpi, said: “BEV LCV values remain under pressure as inadequate charging infrastructure, range anxiety, high vehicle purchase prices, and the rising cost of electricity are all playing their part in the relatively low retail demand. “It is no surprise that dealers prefer to invest in stock they can turn over quickly. Faced with the prospect of having their money tied up for longer periods in more expensive BEVs, trade buyers are voting with their feet, putting extreme pressure on market prices.” Cap hpi found that despite the
downturn in new LCV sales during the
height of the Covid-19 pandemic, there was no current evidence of a shortage in supply to the used market. The research indicates that medium and large van prices have reached a sustainable level, although older large van prices remain under pressure. Meanwhile, the demand for 4x4 pick-
BVRLA SAYS ICE PHASE OUT BEHIND SCHEDULE
2030, according to BVRLA members. In the rental and leasing industry
T
body’s latest Industry Outlook survey, 93% of respondents said the UK was behind on its 2030 target. The BVRLA, whose members buy more than half the new commercial
he UK is lagging behind in its plans to end the sale of new combustion-engine LCVs in
vehicles sold in the UK each year and now operate 100,000 more vans than they did before the Covid-19 pandemic, said the road map for electric and hydrogen CVs would be discussed at its Fleets in Charge Conference on 20 September. Chief executive Gerry Keaney said:
“The fl eet sector has always led the way in adopting new technologies and bringing cleaner, greener vehicles to our roads.
We’ll keep your fleet working for you Talk to us today about Business Breakdown Cover
Call 0800 294 2994 or visit
theAA.com/business 6
“The diverse nature of the commercial vehicle sector means there is no silver bullet when it comes to decarbonisation. A range of solutions are required to meet what are often unique use cases.” Meanwhile, the House of Lords Environment and Climate Change Committee has announced an enquiry into EVs that aims to understand how
the government will achieve its target of decarbonising vehicles in the UK, as well as exploring the main barriers to doing so. It will seek to understand the costs, alongside the benefi ts, associated with the 2030 end date of sales of new petrol and diesel cars and vans in the UK, and government progress towards its deadlines, including the 2035 date for ending hybrid vehicle sales.
ups, and particularly for lifestyle models, remains strong.
The demand for city and compact
vans, however, which was strong earlier in the year, has weakened considerably over the past three months, said cap hpi. “While there is plenty of stock to go around, it is worth noting that vehicles
entering the used market are generally older, they’ve covered higher mileages and are exhibiting correspondingly more damage, said Brown.
“These are issues that are likely to persist for a long while, at least until new vehicle supply and fl eet vehicle replacement cycles are back on track.”
WhatVan?September 2023
www.whatvan.co.uk
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53
