News

Cap hpi has overhauled its National Mileage Register (NMR) investigation process to provide a faster service to dealers. The service provides a detailed investigation when an HPI Check has identified a potential vehicle mileage issue. An NMR investigation uses data from over 20 industry sources to confirm a vehicle’s mileage history. Thanks to new investments in data and technology, a ...

The UK used car market is projected to see only modest growth in the coming years. Transactions are expected to rise from 7.4 million in 2024 to just under 7.9 million by 2027, according to Cox Automotive’s latest Insight Quarterly. Projections for 2025, in terms of used car transactions, shows a marginal 0.3% increase on 2024 levels which suggests the ...

Consumer interest in both used electric and diesel cars has increased rapidly over the last six months, according to Startline’s December Used Car Tracker which surveyed 303 consumers and 59 dealers. The percentage of motorists who would definitely consider an electric car as their next vehicle is up from 19% to 29% and has increased from 12% to 22% for ...

Motorpoint Norwich, the 21st store in Motorpoint’s retail network, is set to open this Friday on Turnpike Close. Motorpoint is offering complimentary vehicle transfers to Motorpoint Norwich until the 26th January 2025. Car buyers can have a vehicle from any Motorpoint store moved to Norwich free of charge. James Odell, general sales manager at Motorpoint Norwich, said: “We’ll have over ...

Bristol Street Motors has opened its Renault and Dacia dealership in Plymouth, following an investment of £820,000. The Renault and Dacia dealership will feature the latest new brand identity and incorporates a minimalist logotype inspired by objects found in garages and car shops, such as gears, chains, and tools, symbolising strength, reliability, and functionality. Darren Goble, CMA General Manager, said: ...

Caffyns turned in a strong performance in the half year to 30 September 2024 with a four-fold increase in pre-tax profits to £213,000 (£44,000) on revenues up 3% to £137.7m. Underlying profit before tax was £452,000 compared to £259,000 last time, including income of £0.14 million from the sale of a personalised numberplate. Given the economic backdrop and the changes ...

Battery Electric Vehicles (BEV) outperformed the market in November, taking an average of just 33 days to sell, according to cap hpi. BEVs aged three to five years old, which often fall within the retail price point of under £18,000, moved in an average of 25.5 days. Diesel vehicles were the slowest to sell (42 days), followed by Plug-in Hybrid ...

The van market is proving resistant to electrification with a “lack of curiosity and awareness” among potential buyers. That’s the view of Dionne Hanlon, senior editor for commercial vehicles at cap hpi, speaking at a Vehicle Remarketing event. The low sales of electric vans is a problem for van makers who are legally bound to have 10% of vans sold ...

Advert views for used Jaguars are up 5% on Auto Trader since the rebrand launched and search views are up 10%. The rebranding has come under fire for its 30-second teaser video on social media ahead of its relaunch as an electric only brand with a new logo. The ad had the tagline “Copy nothing”, a reference to founder William ...

Classic and historic sports and racing car dealer Tom Hartley Jnr has been appointed by by Bernie Ecclestone to sell his collection of historic Grand Prix and Formula 1 cars. Ecclestone, 94, who was for decades the commercial rights holder of Formula 1, built up his collection of 69 historic Grand Prix and Formula 1 cars. The cars have been ...