LatAm Transport and Capital Goods "Daily Take-Off: RENT, EMBJ, MOTV, ECO..."

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LatAm Transport and Capital Goods "Daily Take-Off: RENT, EMBJ, MOTV, ECO..."

Global Research

26 May 2026ab

LatAm Transport and Capital Goods Equities

Latin AmericaDaily Take-Off: RENT, EMBJ, MOTV, ECOR, RAIL

Industrial

Alberto Valerio

Bz Car Rentals: UK used EV prices fall amid higher supply and Chinese OEM Analyst

expansion alberto.valerio@ubs.com

According to the Financial Times, residual values for three-year-old EVs in the UK +55-11-2767 6918

stood at 38% of original list price as of April 1st, below petrol vehicles at 45% and Gavin Parsons

plug-in hybrids at 51%. The UK figure also compares with >46% EV residual values in Analyst

Germany, Spain and France, according to Indicata. The article highlights that gavin.parsons@ubs.com

Chinese OEMs now account for ~15% of the UK market, with brands such as BYD and +1-212-713 2389

Chery expanding through fleets, leasing brokers, rental channels and dealership Andressa Varotto

demonstrators. Industry participants cited increased EV supply, new-car discounts, Analyst

limited historical data on newer Chinese models, and faster battery technology andressa.varotto@ubs.com

development as factors making residual value forecasting more difficult. The report +55-11-2767 6654

also notes that banks and leasing companies are adjusting to higher residual value Rafael Simonetti

uncertainty through mechanisms such as risk-sharing agreements with OEMs, Associate Analyst

insurance structures and securitization of auto loans. Lloyds, for example, flagged rafael.simonetti@ubs.com

that declining used EV prices contributed to higher operating lease depreciation +55-11-2767 6628

last year (up 10% YoY). Furthermore, Indicata’s data shows that although the impact

is higher for EV and PHEVs, the broader market has seen 3 year old vehicle residual