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Higher value EVs not eligible for £3,000 PiCG (grant) anymore!
- Thread starter kelvin 660
- Start date
Legacy manufacturers are also going to struggle to maintain their profit margins in the transition phase from ICE to EV. From what I've read it will be at least a decade before an EV will cost about the same to build as an equivalent ICE. Plus we will see govt EV subsidies drying up - as just happened right here! Tesla are still in a very good position with no diminishing legacy ICE revenue to worry about and the cheapest unit battery cost in the industry. In another decade the gap will inevitably close, but these cars are not suddenly going to get massively cheaper and manufacturers are going to want to cover their massive development expenditure on EVs. Dealers are also going to have to work out how to survive in a world of minimal servicing and increasing online sales.
Jason71
Well-Known Member
if you had asked me a couple of years ago if I would ever
a) spend 50K on a car
b) buy an American car
The answer would have been Noooooo to both. And yet here we are
yet despite that 50K for a Hyundai still seems like a step I am not ready for
Give me some time.
Envchem
Member
Heh I am on the same boat. Was considering the Ioniq for the wife but 50k does seem a lot. Maybe the smaller battery one? We will see.
£48k (was £45k) is for absolutely every option, including a solar roof. Even at £3k more that was originally anticipated it’s great value. UK market is tough for Hyundai as badge is king. I think they should of just had Ioniq branding, no ‘h’. Brand snobbery aside, it’s a great looking car and is excellent value.
Drew57
Active ember
If other manufacturers follow Teslas business model including customer PDI there will be more than enough work to keep them busy. Indefinitely.
So dealer networks having to rely on making a living out of manufacturer warranty repairs.
ICE are more than just petrol engine, in fact I can't remember having any repairs done to an engine, gearbox or exhaust in nearly 30 years of driving. I can think of brakes, the odd electrical gremlin, some bodyshop work, a leak from a window seal, a failed light unit.. all things that will happen on an EV just as easily as a ICE. Even servicing has been as cheap as chips in the last 10 years with service packs costing relatively little money so the oil changes haven't cost that much.
Dealerships can also make money on selling approved used cars and selling financial services products. They'll cope I'm sure.
Dealerships can also make money on selling approved used cars and selling financial services products. They'll cope I'm sure.
Cardo
Active Member
You’ve been lucky. My BMW Mini cost me thousands in fixing ICE related issues. Head gasket went after around 6-7 years, clutch went after 9 years, two exhausts replaced during a 10 year period, engine coolant leak that required various trips to the dealer within the first 5 years, paying for the work each trip and the issue not being fixed (Love that BMW 3 year warranty...
). Won’t be missing all that nonsense!
Yeah I had an "unexpected bill" every year with my BMW...You’ve been lucky. My BMW Mini cost me thousands in fixing ICE related issues. Head gasket went after around 6-7 years, clutch went after 9 years, two exhausts replaced during a 10 year period, engine coolant leak that required various trips to the dealer within the first 5 years, paying for the work each trip and the issue not being fixed (Love that BMW 3 year warranty...
Here is all the servicing over 7 years - which doesn't include the last MOT which had to fix the suspension before it passed:
| Type | Net Cost | VAT | Total Cost | Date | Car |
| Ipod | £509.00 | 26 October 2012 | BMW | ||
| MOT | £54.00 | 14 June 2013 | BMW | ||
| Puncture | £24.50 | 02 September 2013 | BMW | ||
| Service | £618.19 | 02 October 2013 | BMW | ||
| Service | £118.91 | 31 January 2014 | BMW | ||
| MOT | £54.00 | 04 July 2014 | BMW | ||
| Service + Battery | £526.74 | 02 March 2015 | BMW | ||
| Window Motor | £328.00 | 17 April 2015 | BMW | ||
| MOT+handles | £285.00 | 01 July 2015 | BMW | ||
| Service | £142.57 | 11 August 2015 | BMW | ||
| Boot + steering | £984.14 | 29 October 2015 | BMW | ||
| Service + 4 Tyres | £1,487.98 | 10 December 2015 | BMW | ||
| oil leak repair | £1,030.29 | 19 December 2015 | BMW | ||
| Halo Light bulbs | £193.18 | 04 March 2016 | BMW | ||
| Accident excess | £300.00 | 28 April 2016 | BMW | ||
| Service | £344.99 | 11 May 2016 | BMW | ||
| MOT + Door Handle | £153.45 | 08 July 2016 | BMW | ||
| Fuel Leak | £308.40 | 05 August 2016 | BMW | ||
| Crankshaft Pulley | £696.62 | 01 November 2016 | BMW | ||
| MOT | £50.00 | 03 July 2017 | BMW | ||
| Air Con | £58.22 | £11.64 | £69.86 | 01 August 2017 | BMW |
| Major Service | £315.88 | £63.18 | £379.06 | 01 August 2017 | BMW |
| Brake Fluid | £65.00 | £13.00 | £78.00 | 01 August 2017 | BMW |
| 2 Rear Tyres + rebalance | £557.85 | 19 August 2017 | BMW | ||
| Alloy wheel Weld | £95.00 | 25 August 2017 | BMW | ||
| Alloy Wheel Refirb | £408.00 | 01 September 2017 | BMW | ||
| Front Brakes | £444.72 | 15 January 2018 | BMW | ||
| Aircon Condenser | £576.40 | 20 April 2018 | BMW | ||
| Oil change + fix diesel in oil | £1,391.88 | 28 April 2018 | BMW | ||
| Coolant leak | £342.01 | 12 June 2018 | BMW | ||
| MOT | £50.00 | 06 July 2018 | BMW | ||
| 2 Front Tyres | £465.48 | 30 July 2018 | BMW | ||
| Rear Brakes + Disks | £291.98 | 17 September 2018 | BMW |
Those service packs are just baked into the overall cost of the car and only benefit the original new car owner for the first few years. The dealership is still making plenty of money out of those routine services, even if you don't see it. Dealership margins are tiny as it is and so they can't afford to lose a penny anywhere in the food chain. Have you seen how much they charge for a litre of oil? They will be bricking themselves at the thought of transitioning to an EV world.
BTW, it's the dealers themselves who are worried about their future income streams from EVs and they ought to know better than you or I.
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How much of that was at a main dealer?
My father-in-law is a recently retired main dealer principal and he basically says people pay at for 2 services while the car is under warranty then rapidly start to use indies for servicing unless its too complex a fix for them. He offered lower rates for 5 year old cars to try and keep them coming back which helped buck the trend but that was only viable on marginal costing basis and ignoring the overheads of staff training etc. New car sales are now largely cut throat and with dealer margins heavily discounted so unless you sell finance, GAP, paint protection or wheel insurance you'll not make much. The money comes from being a franchised approved seller which gave you a £500-£1000 edge over the non franchise sellers.
Numbers dealers may need to change but they always moan about change to try and screw a better deal out the manufacturer
Haha, yea I know what you mean. I do have a little bit of FOMO as I feel they will keep updating the cars with newer features and changes to the car.
