EV sales - according to how many left
Discussion
Seems a bit on the low side… around 1.2M registered according to the .gov.uk licensing stats
https://www.gov.uk/government/statistical-data-set...
https://www.gov.uk/government/statistical-data-set...
Sheepshanks said:
Has it been deleted by mods or by the OP? Easy enough to see a cached version but I don't want to put it back if there's some reason not to.
I took it down, I knew it was full of holes and I could see which way the discussion was going. If I get a chance I'll fill some of the holes. The holes were mostly because of the way the data is presented on how many left where electric was mixed in with ice cars.
Plus I forgot about a bunch of stuff with ix
plfrench said:
Seems a bit on the low side… around 1.2M registered according to the .gov.uk licensing stats
https://www.gov.uk/government/statistical-data-set...
Registered doesnt equate to sold :-)https://www.gov.uk/government/statistical-data-set...
I reckon there will be a load of EV's going on Autotrader registered 30/9/24 - dealers forced to pre reg to reach targets etc.
NS66 said:
Registered doesnt equate to sold :-)
I reckon there will be a load of EV's going on Autotrader registered 30/9/24 - dealers forced to pre reg to reach targets etc.
I want an EV to try, and our use case is perfect to save quite a bit on petrol costs, but I'm just not happy to pay current nearly-new prices. For anyone doing 10K ish per year, the price differential over ICE still doesn't make sense - be cheaper to buy ICE and pay for fuel.I reckon there will be a load of EV's going on Autotrader registered 30/9/24 - dealers forced to pre reg to reach targets etc.
What's a bit weird on Autotrader is some cars have sat there all year (there's even some 23 dated ads) yet others pop up at higher prices and then disappear, so presume sold. Everything seems to £K's above the CAP-HPI retail price too.
I reckon if there was a bit of a drop in nearly-new EV prices they'd all sell fast.
Sheepshanks said:
I want an EV to try, and our use case is perfect to save quite a bit on petrol costs, but I'm just not happy to pay current nearly-new prices. For anyone doing 10K ish per year, the price differential over ICE still doesn't make sense - be cheaper to buy ICE and pay for fuel.
What's a bit weird on Autotrader is some cars have sat there all year (there's even some 23 dated ads) yet others pop up at higher prices and then disappear, so presume sold. Everything seems to £K's above the CAP-HPI retail price too.
I reckon if there was a bit of a drop in nearly-new EV prices they'd all sell fast.
If you scratch around there are deals, that are more realistic new so I guess it might filter down in time.What's a bit weird on Autotrader is some cars have sat there all year (there's even some 23 dated ads) yet others pop up at higher prices and then disappear, so presume sold. Everything seems to £K's above the CAP-HPI retail price too.
I reckon if there was a bit of a drop in nearly-new EV prices they'd all sell fast.
Hyundai for example - some good broker searching and its a more realistic price than RRP (I say that in the loosest sense).
halo34 said:
If you scratch around there are deals, that are more realistic new so I guess it might filter down in time.
Hyundai for example - some good broker searching and its a more realistic price than RRP (I say that in the loosest sense).
Looking at Kona Ultimate you can easily get 10%+ off list but the list pricing is mad. They're going to have to do something next year when +£40K VED comes in.Hyundai for example - some good broker searching and its a more realistic price than RRP (I say that in the loosest sense).
Having said that, I wonder how many private buyers there are for new EVs? It seems most are company cars, salary sacrifice, or Motability. Motability is huge for EVs - the deal is amazing. It feels like private buyers must be subsidising Motability deals.
Sheepshanks said:
I want an EV to try, and our use case is perfect to save quite a bit on petrol costs, but I'm just not happy to pay current nearly-new prices. For anyone doing 10K ish per year, the price differential over ICE still doesn't make sense - be cheaper to buy ICE and pay for fuel.
What's a bit weird on Autotrader is some cars have sat there all year (there's even some 23 dated ads) yet others pop up at higher prices and then disappear, so presume sold. Everything seems to £K's above the CAP-HPI retail price too.
I reckon if there was a bit of a drop in nearly-new EV prices they'd all sell fast.
I've noticed similar. However I would ignore nearly new and go 1 year old+ that drop in the first year is huge and the. It seems to level out again. The delta between a 3 year old and a 1 year old enyaq for example is maybe 6k but they loose maybe 15k in year 1. What's a bit weird on Autotrader is some cars have sat there all year (there's even some 23 dated ads) yet others pop up at higher prices and then disappear, so presume sold. Everything seems to £K's above the CAP-HPI retail price too.
I reckon if there was a bit of a drop in nearly-new EV prices they'd all sell fast.
It's very similar to depreciation of old (but people seem to have forgotten that)
Sheepshanks said:
halo34 said:
If you scratch around there are deals, that are more realistic new so I guess it might filter down in time.
Hyundai for example - some good broker searching and its a more realistic price than RRP (I say that in the loosest sense).
Looking at Kona Ultimate you can easily get 10%+ off list but the list pricing is mad. They're going to have to do something next year when +£40K VED comes in.Hyundai for example - some good broker searching and its a more realistic price than RRP (I say that in the loosest sense).
Having said that, I wonder how many private buyers there are for new EVs? It seems most are company cars, salary sacrifice, or Motability. Motability is huge for EVs - the deal is amazing. It feels like private buyers must be subsidising Motability deals.
We leased one at the end of March this year - was registered in Dec 2023 and there were a few different colours / spec to choose from.
Same with the Honda deal earlier this year - IIRC 8k deposit contribution and a guaranteed future value similar to what you could buy an ex demo one for at the time.
There are some interesting videos on youtube about EV sales and dealers registering then storing cars in order to get the bonus and also reduce the number of fines the manufacturers will have to pay end of the year when the percentage of BEV to ICE is known.
If you look there are a huge number of very low miles cars for sale, 10, 50, 200 miles registered earlier this year. They look like demos, but the mileage is too low. Sort autotrader by EV only, miles under 500 and have a look.
I don't think this situation will last for ever, some EVs are pretty good value at 3 or 4 years old, like the Audi's, but I wouldn't be buying an EV now, I'd give it 12-18 months. I'd lease one if you get a good enough deal or even PCP if you're desperate, but buying a new EV with your own money right now looks a very poor decision.
If you look there are a huge number of very low miles cars for sale, 10, 50, 200 miles registered earlier this year. They look like demos, but the mileage is too low. Sort autotrader by EV only, miles under 500 and have a look.
I don't think this situation will last for ever, some EVs are pretty good value at 3 or 4 years old, like the Audi's, but I wouldn't be buying an EV now, I'd give it 12-18 months. I'd lease one if you get a good enough deal or even PCP if you're desperate, but buying a new EV with your own money right now looks a very poor decision.
What I’m bemused about is the nearly new cars at non-franchise dealers.
Using the Hyundai Kona Ultimate as an example, local Kia dealer has a 500 mile 24 plate car, up for £2K more than the cheapest Hyundai dealer prices, although their cars have a few K miles on them.
I don’t know if the CAP HPI link someone on here sent me is the same as dealers use, but that shows trade value ££23K, retail £28K. Yet they’re asking £33K and, on the phone the sales guy said he was looking up CAP trade price and is £28K - I argued with him, but he insisted that what he was looking at.
Using the Hyundai Kona Ultimate as an example, local Kia dealer has a 500 mile 24 plate car, up for £2K more than the cheapest Hyundai dealer prices, although their cars have a few K miles on them.
I don’t know if the CAP HPI link someone on here sent me is the same as dealers use, but that shows trade value ££23K, retail £28K. Yet they’re asking £33K and, on the phone the sales guy said he was looking up CAP trade price and is £28K - I argued with him, but he insisted that what he was looking at.
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