As we move through 2024, the UK automotive industry is experiencing both big challenges and exciting new opportunities. Major factors like the Zero Emissions Vehicle (ZEV) mandate, changes in car production, and the growing popularity of electric vehicles (EVs) are playing a huge role in shaping the future of the industry. Car Auction Buying Service guides you through these challenges and opportunities.
1. Zero Emissions Vehicle Mandate: A Big Shift for Car Makers – The Zero Emissions Vehicle (ZEV) mandate is a major policy that will fully kick in by 2030, but it’s already starting to change the car market. This mandate requires car manufacturers to sell more zero-emission vehicles, like electric cars. While this is great news for the environment, it also means car makers need to move quickly to produce more electric vehicles instead of traditional gas-powered ones. This shift could lead to higher car prices, as manufacturers might pass on the extra costs to buyers to avoid fines for not meeting the mandate. If you’re in the market for a new car, Car Auction Buying Service Limited can help you navigate these changes and find the best deals, including those on electric vehicles.
2. Car Production Challenges in 2024
This year, UK car production has taken a hit, with a 14.4% drop in July compared to the same time last year. This decline is mainly due to ongoing supply chain problems and changes in car models. Even though the demand for cars in the UK is still strong, these production issues highlight the ongoing challenges the industry faces, including global supply chain disruptions and the after-effects of the pandemic. To address these issues, manufacturers are working to strengthen their supply chains and focus more on local production. If you’re considering buying a car, Car Auction Buying Service Limited can offer expert advice and access to a wide range of vehicles, even during these challenging times.
3. Electric Vehicles on the Rise
Despite the hurdles, the UK’s electric vehicle (EV) market is booming. More people are buying EVs, thanks to government incentives, better technology, and increased awareness of environmental concerns. Brands like Tesla, Hyundai, and Nissan are leading the way with new models that cater to all types of budgets and preferences. This growth in the EV market is not just changing the types of cars people drive, but also spurring innovation in battery technology and charging stations. Whether you’re interested in a new EV or a used one, Car Auction Buying Service Limited can help you find the perfect electric vehicle to meet your needs.
4. The Impact on the Used Car Market
The push towards electric vehicles and the challenges in new car production are also affecting the used car market. With fewer new cars being produced, the demand for used cars is increasing, driving up prices. This is especially true for well-maintained, low-emission vehicles, which are becoming more popular with budget-conscious buyers. If you’re in the market for a used car, Car Auction Buying Service Limited can help you find quality options at competitive prices, ensuring you get the best value for your money.
Conclusion: What Lies Ahead for Car Buyers
The UK automotive industry is going through some big changes, particularly with the push towards electric vehicles and the challenges in car production. But with these challenges come opportunities, especially for those looking to buy a car. Car Auction Buying Service Limited is here to help you navigate this evolving market, offering expert guidance and access to a wide range of vehicles, from new electric cars to high-quality used vehicles. Whether you’re buying your first car or looking to upgrade, now is an exciting time to explore your options.
Get Expert Car Buying Advice from Car Auction Buying Service
At Car Auction Buying Service, we strive to make your car buying experience seamless. With over 20 years of experience in the automotive industry, we have established ourselves as the leading car auction buying service in the UK. Our goal is to ensure that our clients secure the best possible deals when purchasing used cars.
If you’re in the market for a used car, don’t hesitate to contact us. Our dedicated team is ready to guide you through the process and ensure a successful buying experience.
At Car Auction Buying Service, we’re dedicated to finding the very best deal at auction for you, attending events arranged by British Car Auctions, Manheim and Aston Barclay, plus many more. We assist in bidding and provide the support you need to buy successfully from the auction; without the need for you to travel across the country .
Thanks to our multiple trade accounts we pay much lower buyers premiums compared to private buyers. We then pass that saving on to you!
We scrutinise the cosmetic reports and mechanical reports that accompany each vehicle. Our team can also provide trade price warranties and deliver your car to any location in the UK.
To find out more, or to inquire about buying your next vehicle from a nationwide or local car auctions, please give us a call on 0121 769 1729. Alternatively, you can fill out our online form or visit our website www.carauctionbuyingservice.co.uk
