After all, APs are derived by being the difference between the cost to run the car (depreciation, servicing, tax, tyres etc) and the customers sacrificed benefits over the 3 year term, so as long as the AP reflects all additional costs then why not?
How can they then justify the sharp increase in AP over the past 2 quarters? Volvo XC40 for example Q1 £1499 Q2 £2499 Q3 £3199. So March 31 it was £1499 and yet July 1 it is now £3199. More than double and in those 13 weeks, I do not believe that car prices have increased wholesale. It feels like they are not using the AP for the difference between the cost to run the selected car, but to average out the loss of EVs that they have had over the last few years on the scheme to keep their profit margins healthy.