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Stock impact report

UK used car sales grow by 6.5% in Q1 2024 [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
This is said to mark the strongest beginning to a year since 2019. The growth, spanning 16 months, reflects an improvement in the supply of new cars, enhancing the availability and choice of second-hand vehicles. However, despite this positive trend, the market is still 2.6% below pre-pandemic levels. During the quarter, battery-electric vehicle sales surged by 71%, reaching 41,505 units and claiming a 2.1% market share. BEVs have become the fastest-growing powertrain segment, as more consumers are drawn to their cost-saving and environmental benefits. Hybrid-electric vehicles (HEVs) and plug-in hybrids (PHEVs) also reported sales growth, with HEVs up by 49.3% and PHEVs by 42.5%. Despite the surge in electric and hybrid vehicles, petrol cars still dominate the market, with sales up by 7.7% to 1,130,396. Diesel vehicles, however, experienced a decline of 1.3% to 697,718. Combined, conventional powertrains accounted for 92.9% of all transactions, although their market s Show less Read more
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