The scheme is effectively over if it carries on like this. But … maybe … that is exactly what’s intended perhaps? Taking it down from inside its very structure. I believe this is what we’re seeing.
If you were to play Motability Bingo, you would choose one of the following:
- Motability are coining it in and are putting up the prices to give everyone a massive bonus
- The AP’s have increased to keep pace with the price increases of new cars
- The cost of new small cars (historically where Motability raised a surplus) has increased at a faster rate than larger cars ‘Europe’s five biggest carmakers have raised the prices of their cheapest models by an average of 41% since 2019
- We are all paying for the massive investment in order to make Motability the leader in EV sales, cost of charging points to customers, reducing AP’s on very expensive Electric cars etc.
- Car makers are snookered by fines and legislation and are having to increase prices at a ridiculous rate in order to not go bust.
- The Scheme has grown at its fastest rate ever, the only way to slow the growth is to raise prices
- It’s the Tories – They did it.
- A combination of the above.