Cap HPI has appointed Derren Martin as head of current valuations following the announcement that senior editor James Dower is leaving the business.

Martin’s new role will see him lead a team of industry experts and analysts to provide a greater range of consultancy services to ensure that dealers, fleets and OEMs have access to real-time analysis and expertise. 

His team of 11 will continue to manage daily adjustments to Black Book Live used car data and support customers with bespoke insight and support. 

Having spent two years establishing the international team, Martin said: “I relish the challenge of leading our team of UK experts as the industry becomes increasingly digital and our customers, from all sectors, look to our data to drive their businesses and build customer engagement." 

The Black Book team includes a mix of industry experts and data analysts that produce daily updates to vehicle valuations. The company recently announced the number of car models and derivatives has jumped to 68,700 unique 'IDs', which is set to create over 10 million monthly movements in used values. 

The team also analyse more than two million transactional data records from a broad range of the wholesale market alongside more than five million retail adverts each year.