recent articles

Read All About It

Check Out Our Latest Articles, Help Guides And Videos

Electric Cars Lose Value in March, Petrol-Powered Convertibles Gain

March 30, 2023•1 min read

Introduction:

A recent article in Car Dealer Magazine reported March saw, electric cars dominate the list of vehicles that lost the most value, while petrol-powered convertibles saw their values grow by hundreds of pounds, according to data from valuations experts Cap HPI.

The recent slide in EV values appears far from over, as prices continue to decline.

Cap HPI's data revealed that used car prices increased by 0.5% in March, marking a new record and three months of increases in the first quarter.

However, if pure-electric car prices were excluded, the increase would have been 0.8%.

Electric vehicle values slid by 5.4% in March. The Seat Mii Electric experienced the largest percentage drop, with its value plummeting by 11.7% at the three-year/60,000-mile mark.

In contrast, the Suzuki Baleno saw the largest increase in value, with prices rising by 12.2% at the same benchmark.

Despite high prices for petrol and diesel cars, Cap HPI's Derren Martin noted that there are some relative bargains to be found in the EV market.

You can read the full article here

Pete Withers

Back to Blog

Our Guarantee

I am 100% completely confident in the results that AutoEngage will produce for any dealer, so much so that I will always happily prove them up front!

Everything we do, brings a near instant ROI, in most cases our motor trade partners earn before they even pay us anything...

Heard it all before?!

How do you know it will be different this time?

Listen I understand what it is like to run a dealership as i've run my own, I've been exactly where you are now. Whilst running my own dealerships I spent £Hundreds of thousands of my own money on advertising and marketing to try and help sell more cars.

Most was good, but there was a lot that was really bad! I bought plenty of stuff that looked great on paper, but left me with nothing apart from a lighter bank balance.

Thats why when I started AutoEngage my #1 priority was to provide a near instant return on investment. I am pleased to say that I have definitely achieved that and always happy to prove it!

The motor trade is a small world that unless you have worked within it, you will never truly understand it. I have used my 29 years of motor trade experience of working in & owning my own car dealerships and put it into AutoEngage.

Quite simply AutoEngage will easily & cost effectively help you sell more cars every month, even in December! By booking sales appointments with your previous customers, generating 5⭐️ google reviews and helping you manage all of your incoming leads turning them into customers.

However I don't expect you to take us at face value and that is why I am always happy to put my money where my mouth is and show you results up front!

Questions?

Not sure if we are going to be able to help your dealership?

Drop us a message on the web chat below and we will arrange a convenient time to call.

Ready to transform your dealership ?