Very interesting article on Reuters Auto today about how EV Resale values are not only causing increasing cost of leasing but also the possible slowing of offers due to financial hits leasing companies are taking.
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Leasing Cost's of cars
- Thread starter tracktoy
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That’s bad. Don’t know what’s going on in the car industry at the moment. In my opinion, just buy a used car for a couple of grand that’s been looked after and reliable, and continue looking after it? This is coming from a guy who’s just bought a 57-reg Prius… 
But I understand why people buy newer cars
But I understand why people buy newer cars
Well to add to this the Reuters Sustainable Switch newsletter today had the following:
It’s a rare corporate governance special in today’s Sustainable Switch as we rev up our engines and drive into the Volkswagen saga.
So, what’s been going on with the German carmaker?
Well, the auto giant is weighing its first ever plant closures in Germany and its powerful unions are ready for a fight.
Arno Antlitz, chief financial officer and chief operating officer at Volkswagen Group, said in a speech to staff at its Wolfsburg headquarters that the carmaker has "one, maybe two" years to turn its main car brand around.
Heckled with shouts of "Auf Wiedersehen" – German for 'goodbye' – Antlitz told a gathering of 25,000 workers that they needed to work with management in cutting spending to help the brand survive the shift to electric cars.
He told the meeting at Volkswagen's Wolfsburg headquarters that Europe's car market had shrunk after the pandemic and the company was facing a shortfall in demand of about 500,000 cars, equivalent to about two plants.
"The market is just not there," he said according to excerpts of his speech, adding he did not expect sales to recover.
It’s a rare corporate governance special in today’s Sustainable Switch as we rev up our engines and drive into the Volkswagen saga.
So, what’s been going on with the German carmaker?
Well, the auto giant is weighing its first ever plant closures in Germany and its powerful unions are ready for a fight.
Arno Antlitz, chief financial officer and chief operating officer at Volkswagen Group, said in a speech to staff at its Wolfsburg headquarters that the carmaker has "one, maybe two" years to turn its main car brand around.
Heckled with shouts of "Auf Wiedersehen" – German for 'goodbye' – Antlitz told a gathering of 25,000 workers that they needed to work with management in cutting spending to help the brand survive the shift to electric cars.
He told the meeting at Volkswagen's Wolfsburg headquarters that Europe's car market had shrunk after the pandemic and the company was facing a shortfall in demand of about 500,000 cars, equivalent to about two plants.
"The market is just not there," he said according to excerpts of his speech, adding he did not expect sales to recover.
Totally agree.That’s bad. Don’t know what’s going on in the car industry at the moment. In my opinion, just buy a used car for a couple of grand that’s been looked after and reliable, and continue looking after it? This is coming from a guy who’s just bought a 57-reg Prius…
I’ve done 15000 miles in it, two front tyres, 2 services and flew through an MOT.
Full main dealer history when I bought it and it runs like new.
Long live old cars!
Oh, I have read it. The article highlights a major concern EV resale values affecting leasing costs and offers. It’s clear leasing companies are feeling the financial strain. If this continues, it could slow the growth of EV leasing significantly.
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