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    AUTO   GB00BVYVFW23

AUTO TRADER GROUP PLC

(AUTO)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/07 10:12:54 am
738.1 GBX   +2.00%
12/03AUTO TRADER : to give away brand-new Tesla Model 3 for Christmas
PU
11/26AUTO TRADER : Fastest Selling Used Cars | November 2021
PU
11/22Stifel Cuts Auto Trader Group To Hold From Buy, Boosts PT
MT
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Auto Trader : The electric grants are welcome, but Ministers must consider how that investment is targeted

10/20/2021 | 06:51am EST
Press release The electric grants are welcome, but Ministers must consider how that investment is targeted 19th Oct 2021

Our Commercial Director, Ian Plummer, comments on the government's latest steps to drive electric adoption

"The £620 million investment in grants for electric vehicles and street charging points is welcome, but Ministers should consider how that investment is targeted. Our data shows that interest in electric vehicles is coming almost exclusively from wealthier postcodes. The comparatively high up-front cost of EVs is proving to be a massive barrier for people on average or below average incomes. The Government and industry simply has to grasp this nettle if it is to supercharge mass adoption. That might mean introducing some kind of means testing. Incentives are needed to bridge the gap between traditionally fuelled cars and EVs for those who simply cannot afford the "green premium". The recent petrol crisis had a big impact on interest in electric vehicles; we saw a huge spike in views on our marketplace and it's persisting. People are very receptive, but at the moment price is a problem and non-targeted incentives may not make much of a dent in that. The irony is that many EVs are actually cheaper to own than their petrol equivalents, but it can take three years or more before that benefit becomes apparent. At Auto Trader we're developing a feature that will help people understand the total cost of vehicle ownership.

"The importance of addressing affordability becomes all the more apparent when you consider the bigger picture, especially the used car market which is incredibly hot. Each month we take a basket of prices on the Auto Trader marketplace and a number of other sources including retailers' and manufacturers' websites, to calculate the average price of a used car. The latest data shows the average is £19,018, up almost 24 per cent year on year. In fact the average increased 0.6 per cent in just the last week."

Disclaimer

Auto Trader Group plc published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 10:50:02 UTC.


ę Publicnow 2021
All news about AUTO TRADER GROUP PLC
12/03AUTO TRADER : to give away brand-new Tesla Model 3 for Christmas
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11/26AUTO TRADER : Fastest Selling Used Cars | November 2021
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11/22Stifel Cuts Auto Trader Group To Hold From Buy, Boosts PT
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11/22AUTO TRADER : Go green for Black Friday with Auto Trader's electric car deals
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Analyst Recommendations on AUTO TRADER GROUP PLC
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Financials
Sales 2022 424 M 562 M 562 M
Net income 2022 236 M 313 M 313 M
Net cash 2022 55,7 M 73,8 M 73,8 M
P/E ratio 2022 29,2x
Yield 2022 1,17%
Capitalization 6 869 M 9 103 M 9 101 M
EV / Sales 2022 16,1x
EV / Sales 2023 15,0x
Nbr of Employees 980
Free-Float 97,3%
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Technical analysis trends AUTO TRADER GROUP PLC
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 723,60 GBX
Average target price 728,19 GBX
Spread / Average Target 0,63%
EPS Revisions
Managers and Directors
Nathan James Coe Chief Executive Officer & Executive Director
Jamie Warner Chief Financial Officer & Director
Edmund Warren Williams Non-Executive Chairman
Chris Kelly Technology Director
Catherine Faiers Chief Operating Officer & Director
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