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Paul Barker, Managing Editor at carwow revealed used vehicles would likely increase closer to the ban but wasn\u2019t drawn on how much they could go up. He revealed to Express.co.uk: \u201cAt this stage, it’s too early to say for sure whether the government’s delay to the ban of sales of new petrol and diesel cars will have an impact on the used car market.<\/p>\n
\u201cWe were too far out from 2030 for it to be directly impacting used values now, but it might be expected that they could have risen as demand increased as the last three-year-old petrol and diesel cars hit the used market in the early 2030s.<\/p>\n
“It reduces the pressure on those resistant to change as they will have another half-decade of alternatives, but isn’t likely to have an immediate impact on the used market today.\u00a0Although it may undermine confidence in EVs being the future of motoring, as the Government has rowed back on its previous plans.<\/p>\n
\u201cIt reduces the pressure on those resistant to change as they will have another half-decade of alternatives, but isn’t likely to have an immediate impact on the used market today.<\/p>\n
DON’T MISS <\/strong> We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info<\/p>\n It comes just days after a new report from Close Brothers Motor Finance revealed apathy about the plan among car dealerships. Just over half (54 percent) of dealers surveyed admitted they did not stock any alternatively fuelled vehicles.<\/p>\n Meanwhile, just one percent revealed they intended to invest in electric charging points within the next six months. However, some dealers feel the ban would have no impact on petrol and diesel costs and could even be a benefit to buyers left confused by the uncertainty.<\/p>\n Speaking exclusively to Express.co.uk, Roy Sharf, Owner of Noya Motor Group said: \u201cPersonally I think they\u2019ll stay the same. The used car market is still in high demand based on the dealer delays from Covid and chip shortages. Therefore a car that a customer wanted a year ago, they\u2019re still waiting for today. Which is beneficial to used car dealers.<\/p>\n \u201cThe reason that the used car market is up on 2019 is due to demand for used vehicles over new because of the shortage and the inability to purchase new for a substantial amount of time.<\/p>\n “We are seeing a rise in purchase prices of used vehicles but the retail remains very much the same\u2026 If anything I believe this delay will give consumers peace of mind when purchasing a petrol or diesel vehicle which will keep the market stable.<\/p>\n \u201cWe have seen the market of cars being sold between \u00a35,000 and \u00a315,000 rise heavily and the more expensive car sales have dipped due to the cost of living crisis.\u201d<\/p>\n Mr Sunak defended the petrol and diesel delay in a televised address on Wednesday afternoon. He commented: \u201cTo give us more time to prepare I\u2019m announcing today we are going to ease the transition to electric vehicles.<\/p>\n \u201cYou\u2019ll still be able to buy petrol and diesel cars and vans until 2035. Even after that, you\u2019ll still be able to buy them second-hand. We are aligning our approach with countries like Germany, France, Spain, Italy, Australia, Canada, Sweden.\u201d<\/p>\n
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