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Topic: EVs

New CarGurus research shows increasing buyer openness towards EVs

Posted by Beth Burke on April 12, 2021

Electric vehicles pose a big opportunity for the automotive industry, particularly in the United Kingdom where we’re seeing more rapid adoption compared to the US and Canadian markets. In February, CarGurus surveyed 1,005 car owners in the UK on their sentiments towards electric vehicles. Overall, two-thirds of consumers plan to own an electric vehicle in the next decade. While Tesla is the trusted leader in tech development, other brands have won higher purchase consideration among buyers.

In this emerging space, buyers are excited by the possibilities and less brand loyal so there are opportunities for more competitors to disrupt the market and for dealers to get ahead of the demand curve. Below we’ve highlighted four key takeaways as well as recommendations for dealerships on how to act on these evolving EV trends and preferences. To view the full results, download the CarGurus 2021 Electric Vehicle Report.

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Topics: CarGurus insights, electric vehicles, EVs

Rethinking your approach to used EV values

Posted by Ashley Karr on November 4, 2019

Electric vehicle residual values are tricky things to predict. Continual advances in the technology and the rapid escalation of new models means second-hand examples can become an unknown quantity and much harder to value than established petrol and diesel equivalents.

For lack of a time-honoured structure, dealers need to make sure they’re buying and selling used EVs for the right money. We explain how you can stay one step ahead of the plug-in pricing game.

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Topics: electric vehicles, EVs, industry insights, pricing