Latest news with #UKCarMarket
Yahoo
5 days ago
- Automotive
- Yahoo
Porsche Macan and Toyota Yaris Cross top UK family car value retention list
New analysis from Carmoola's Car Depreciation Index, developed in partnership with vehicle data specialists Brego, reveals the family cars that hold their value best — and those that lose it fastest. The findings come following a pivotal point in the UK car market. July is traditionally the busiest month for family car sales, according to Carmoola's internal sales data, as buyers prepare for the summer travel season. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service Drawing on Brego sales data from more than 40 million UK transactions in 2025, Carmoola examined price trends for family cars — defined as hatchbacks, compact SUVs, MPVs, saloons and estates — over a three-year or 36,000-mile period. The Porsche Macan emerged as the slowest-depreciating model, losing just 19.9% of its original value, followed closely by the Toyota Yaris Cross at 20.2%. These figures stand in stark contrast to the market average for family cars, which saw values fall by 43.4% over the same period. At the other end of the scale, the Jaguar I-PACE lost 66.8% of its value, while the Audi E-Tron dropped by 65.6%. Based on average depreciation rates, sales volumes and Jaguar UK's official new car pricing, Carmoola estimates that I-PACE owners collectively saw £432 million wiped from their vehicles' value over three years. When broken down by body type, MPVs proved the most resilient, depreciating by just 28.8% on average, while saloons were the weakest performers, losing nearly 36% of their value. Aidan Rushby, founder and CEO of Carmoola, said depreciation remains 'the largest hidden cost of ownership,' and that choosing a car that retains its value can 'save families thousands when it is time to upgrade or sell.' He added that the rate at which a car loses value depends on 'everything from the brand's reputation and model popularity to running costs, fuel type and how well it fits with evolving consumer needs.' Even colour plays a part: while neutral tones such as black, grey and silver 'often have broad appeal,' more vibrant shades like yellow or orange 'can perform surprisingly well' because 'buyers who want a yellow car are specifically looking for one and are less likely to be swayed by price alone.' Rushby said the Car Depreciation Index is designed to 'highlight these trends and help people make more informed decisions' when buying new or nearly new vehicles. "Porsche Macan and Toyota Yaris Cross top UK family car value retention list" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
26-05-2025
- Automotive
- Yahoo
Interest in Chinese EVs from UK car buyers soars
UK car buyers' interest in cars built by Chinese manufacturers has soared, new figures show. Auto Trader, the UK's largest online automotive marketplace, said more than 1.4 million adverts viewed in the first four months of this year were for Chinese brands. That represented a market share of 5.3%, compared with 1.3% during the same period in 2024. A host of Chinese electric vehicle (EV) manufacturers such as Jaecoo, Leapmotor, Skywell, Omoda and Xpeng have joined BYD and GWM in entering the UK market. Auto Trader said the stock of Chinese EVs listed for sale on its website between January and April was more than 10 times higher than a year ago, exceeding 3,300 units. BYD accounts for around half of advert views and stock on Auto Trader. It is becoming a more familiar brand with car buyers, aided by its sponsorship of the Euro 2024 football tournament. The BYD Dolphin Surf will be among the UK's cheapest electric cars when it becomes available later this year. Auto Trader said Chinese manufacturers are often able to undercut Western rivals as they benefit from 'affordable battery technology'. It cited research showing drivers have less brand loyalty when it comes to EVs than for petrol or diesel cars. Ian Plummer, commercial director at Auto Trader, told the PA news agency: 'Our research shows a breakthrough for Chinese manufacturers in the UK market over the last 12 months. 'Several brands are now motoring from a standing start and bigger names like BYD have embedded themselves in the public consciousness. 'Chinese electric vehicles are cutting-edge products, backed by affordable battery technology. 'Trade turbulence with the US and EU tariffs is also making the UK relatively more attractive as a market. 'There will be much more to come from Chinese carmakers.'
The Independent
26-05-2025
- Automotive
- The Independent
Interest in Chinese EVs from UK car buyers soars
UK car buyers' interest in cars built by Chinese manufacturers has soared, new figures show. Auto Trader, the UK's largest online automotive marketplace, said more than 1.4 million adverts viewed in the first four months of this year were for Chinese brands. That represented a market share of 5.3%, compared with 1.3% during the same period in 2024. A host of Chinese electric vehicle (EV) manufacturers such as Jaecoo, Leapmotor, Skywell, Omoda and Xpeng have joined BYD and GWM in entering the UK market. Auto Trader said the stock of Chinese EVs listed for sale on its website between January and April was more than 10 times higher than a year ago, exceeding 3,300 units. BYD accounts for around half of advert views and stock on Auto Trader. It is becoming a more familiar brand with car buyers, aided by its sponsorship of the Euro 2024 football tournament. The BYD Dolphin Surf will be among the UK's cheapest electric cars when it becomes available later this year. Auto Trader said Chinese manufacturers are often able to undercut Western rivals as they benefit from 'affordable battery technology'. It cited research showing drivers have less brand loyalty when it comes to EVs than for petrol or diesel cars. Ian Plummer, commercial director at Auto Trader, told the PA news agency: 'Our research shows a breakthrough for Chinese manufacturers in the UK market over the last 12 months. 'Several brands are now motoring from a standing start and bigger names like BYD have embedded themselves in the public consciousness. 'Chinese electric vehicles are cutting-edge products, backed by affordable battery technology. 'Trade turbulence with the US and EU tariffs is also making the UK relatively more attractive as a market. 'There will be much more to come from Chinese carmakers.'
