Diesel has been under the cosh for the past year and this has impacted heavily on new car registrations. In March, the plate-change month, sales of diesel cars fell by -37%, which is an extraordinary drop. But the used car market is much bigger and more resistant to change at the wholesale level. To get some idea of where the ...
Read More »cap hpi confirms plans to take Black Book fully digital
cap hpi has confirmed the last printed edition of the iconic Black Book used car value guide will appear in February. At the same time it will also phase out its Red and Green books, for commercial vehicles and motor cycles, in a move that will see the group complete its transition to a fully digital service. The Black Book ...
Read More »Diesel used car values remain strong despite health concerns
Used diesel car values have remained strong over the past year despite environmental and health concerns but it is still a “very delicate” area. Valuation guide cap and auction house BCA say negative publicity surrounding diesel has not dented values. James Dower, senior editor Black Book at cap hpi, said, so far, there has been no impact. “There seems to ...
Read More »Cap hpi launches new app for vehicle data
Cap hpi has launched a new app for Apple devices which provides access to vehicle valuation data in under 15 seconds. The information specialist is pulling the plug on the print version of its valuations guide in February 2017, a move announced in December last year. The updated app is accessed with an existing cap hpi subscription and offers car, ...
Read More »Cap hpi survey reveals price erosion of stocking days
The gap between the advertised price of a used car and the achieved transaction price doubles over a 12 week period, according to research carried out by cap hpi. Analysis of sales data shows that the average difference in the first week a vehicle is advertised is 3.8% rising to 6.4% by week 12. The survey follows a report that ...
Read More »Dealers report increased footfall and demand in July
UK dealers have reported strong footfall through July, according to a new survey from automotive data experts cap hpi. The study shows that 63% of those surveyed reported an increase or the same physical footfall from June. While 38% reported an increase in online activity. New car registrations for the month were down 0.1% year on year. A survey immediately ...
Read More »Cap reports ‘dramatic’ increase in pre-reg activity in June
A number of carmakers have increased pre-registration activity “dramatically” in June, according to cap hpi. Black Book Live reported an increase in pre-registration activity in the market. Volumes of 16 plate vehicles within cap hpi’s retail advertised data versus 15 plates at the same time last year show an increase of 10%. James Dower, senior editor of cap hpi Black ...
Read More »Neil Hodson to succeed Angela Barrow as EMaC MD
Neil Hodson, deputy managing director of cap hpi, has been appointed as the new managing director of EMaC following the announcement that Angela Barrow is stepping down from her role as managing director of the specialist service plan provider. Barrow, winner of Motor Trader’s 2015 Outstanding Achievement Award, helped launch Crewe-based EMaC in 2004 and has led it since 2006. ...
Read More »Dealers report increased footfall on forecourts
Used car buyers returned to the market in January with 69% of the respondents saying that physical footfall improved compared to the previous month, according to research carried out by CAP. It said on-line activity was “even more encouraging”, with 75% of respondents reporting improved levels of activity. “Four years of strong new registrations are expected to drive unprecedented volumes ...
Read More »Increased daily rental volumes will push 2016 new car market
A significant increase in daily rental volumes combined with new manufacturer sales targets could see the 2016 new car market to increase by up to 3%, according to research by CAP. Registrations in 2015 hit 2.63 million units, a year on year increase of 6.3%, a new record which could be beaten this year as manufacturers continue to take advantage ...
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