Page 2 - Ian Plummer News Today

Consumer appetite for brand new cars persisted into the second quarter

Almost eight in 10 new electric cars are being sold at a discount as the industry reels from falling consumer demand.

Almost eight in 10 new electric cars are being sold at a discount as the industry reels from falling consumer demand.

Chinese car manufacturers have increased their footholds in the European and UK markets in recent years cars cheaper than European rivals.

Some 15.2 per cent of new cars registered in March were pure electric - down from 16.2 per cent in the same month last year, Society of Motor Manufacturers and Traders (SMMT) data shows.

Senior leaders from Eden Motor Group, Hendy Group, Suzuki GB, Grant Thornton, Auto Trader and JudgeService will feature in the speaker line-up

Industry bodies have renewed calls for the government to do more to encourage drivers to buy the vehicles amid a "tough economic backdrop".

The rise in Chinese electric car models could have a dramatic impact on costs with average upfront fees likely to fall as more cars enter the market.

The Society of Motor Manufacturers and Traders said 15.2% of new cars registered in March were pure electrics, down from 16.2% during the same month last year

The SMMT said sluggish private registrations and shrinking EV demand signal the challenge for 2024, despite 10.4% growth overall in March.