In the latest BVRLA blog, Dean Merritt, Head of Sales at INDICATA UK, provides an analysis of the used Battery Electric Vehicles (BEVs) market, highlighting a significant milestone achieved in early 2024 – price parity with many Internal Combustion Engine (ICE) models.
INDICATA UK has published a white paper which tracks the used retail car prices of all fuel types from 2020 to 2024, and importantly the highs and lows of used BEVs. This analysis shows the split in the market between the brands that have already built up a strong BEV reputation with drivers prepared to pay for them rather than ICE cars, and those that are playing catch up.
Read the blog in full on the BVRLA website: From premium to parity: The evolution of used BEV prices in the UK market.
Steve Carman of INDICATA UK will lead a session at the next Residual Value and Remarketing (RVR) Forum to be held at GWM ORA in Solihull on Thursday 13 June. Steve’s session on what the car parc is going to look like in 2025, following the first full year of the ZEV Mandate and the influx of new manufacturers, will examine what this means for residual values.
Rachael Jones from Auto Trader will provide an update on changing consumer habits, retailer stock movements, pricing, and an overview of the LCV market. Trends for electric vehicles will be compared to the traditional ICE space on both new and used vehicles.
A future looking session will follow from Owen Edwards of Grant Thornton. This will look at how the building of cars will change in the future and how this will impact costs. Owen will also explore how battery technology will change, and the impact software-defined vehicles will have.
Attending the BVRLA’s forums requires an annual subscription fee. A limited number of spots are still available and can be secured via the RVR Forum page. Each subscription grants a member two tickets to each forum.
