The shift to greener vehicles that comply with Ultra Low Emission Zone in London is much slower for vans than it is for cars. That’s a key finding from cap hpi which looked at Uxbridge in West London, which comes under the new ULEX regime. The London ULEZ aims to improve air quality by reducing harmful emissions. It is due ...
Read More »Used car values down 1.9% in July, dealers purchase with caution
Used car values fell by 1.9% in July. According to data experts at cap hpi, the fall is a larger drop than the average pre-COVID July figure of a drop of 1.2%. The largest-ever July decline was 2.2% in 2019. Cap hpi said that dealers remain cautious when purchasing stock, and it is important to remember that average used car prices ...
Read More »cap hpi forecasts used EV values to stabilise in H2
Used EV values are set to stabilise in the second half of 2023 following deep cuts in recent months. That’s the view of cap hpi, which said that “numerous” Battery Electric Vehicle (BEV) models have now “stabilised or appear close to a plateau” following falls in used values in recent months. It added, however, that a small number remain weak ...
Read More »Used EV values down ‘eyewatering’ 30% in past seven months
Average values for electric vehicles reduced for the seventh consecutive month in March, according analysis of March used car data carried out by cap hpi. It said the average Live movement at three years was -5.4%, equivalent or £1,500 but this was better than January and February which saw decrease by 7.5% and 6.6% respectively. “When tracking the average cumulative ...
Read More »Audatex valuations incorporate Motors.co.uk and hpi live vehicle data
Audatex has upgraded its valuation product Market Value Manager (MVM) to include eBay-owned Motors.co.uk and cap hpi’s live vehicle valuation data. This advanced offering will assist insurers and their customers to receive a fairer, more accurate and time-sensitive vehicle valuation. Claims handlers use MVM to more accurately calculate the pre-accident value of a vehicle to make satisfactory settlement offers with ...
Read More »BLOG Cost of living concerns hit demand for used cars
Cost of living concerns have played a part in a decline in used car consumer demand since early March, particularly in enquiries and sales of those expensive-looking cars around the £15,000 £35,000 area. Cheaper cars have still been sought after to a degree, popular for those consumers downsizing or requiring a car out of necessity, and buyers of more expensive ...
Read More »cap hpi launches digital imagery tool
cap hpi has launched a digital vehicle imagery tool to help dealers increase online conversions. The tool from Imagin Studios allows cap hpi to offer all manufacturer colours for all cars and vans with the ability to ultimately offer exact trims levels, removing the inconsistencies and gaps currently experienced. John Dennis, sales director for cap hpi said: “For customers today, ...
Read More »Glass’s and cap hpi forecast stable outlook for used car values
Used car experts at cap hpi and Glass’s are predicting a healthy year ahead for used car values with demand exceeding supply. In the latest five minute briefing from the Vehicle Remarketing Association, Derren Martin, head of valuations, cap hpi, said used car values are likely to remain high in 2022. “The semiconductor alongside other component shortages and logistics issues ...
Read More »Used car values are still on the up after six continual monthly increases
Used car values have continued their “unparalleled” shift upwards. cap hpi’s daily produced Live trade values reported an overall increase of 3.7% at the three-year point during the month of August, equivalent to almost £500 per car. This also comes off the back of value increases since car showrooms reopened in April. Values have now risen by 20.3% in five ...
Read More »Used car prices rise 17% in past four months
Used car prices have risen by 16.6% over the past four months in the wholesale sector, the equivalent of £2,125 per car. That’s the view of cap hpi whose daily Live trade values reported an overall increase of 3.1% at the 3-year point during the month of July, equivalent to £425 per car. This rise follows a 4.8% increase during ...
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