as the title says why does the prices always go up so much
Back on topic, the prime reason why APs have been on a prolonged upward trajectory for some time has been Motability’s increasing exposure to the EV market and their crushing residual values, as private buyers don’t want them.
Some EVs, including expensive ones, can be worth as little as 20% of their new value after 3 years, whereas decent diesels (now very much in demand by savvy used buyers looking for long term ownership propositions) can exceed 60% retained values.
BTW, this isn’t me guessing. Motability have been telling their major dealer principals that EV residual values, and their increasing exposure to them, have been the main driver behind across the board AP increases and, sadly, they predict that this trend will continue.
