BVRLA warns of coming EV residual value storm
January 20, 2025
The FleetNews report referred to is here.
As the report points out, leasing companies have managed to cope so far because they are only dealing with a small number of end of lease cars at the moment – cars originally leased three years ago when EV sales were much lower. Losses on those can easily be contained within the profits made from reselling petrol/diesel cars.
But soon they will be dealing with much greater volumes of EVs, along with lower volumes of profitable ICE cars.
https://notalotofpeopleknowthat.wordpress.com/2025/01/20/bvrla-warns-of-coming-ev-residual-value-storm/
