Strong demand will lead to record used volumes this year.
Cap HPI has strengthened its insurance division with the appointment of Scott Chandler as strategic account manager.
Demand for used cars throughout September has underpinned a stronger than normal market, with overall price reductions at three years 60,000 miles of only 0.2%, says Cap HPI.
Cap HPI is launching its global business at the Paris Motorshow as it prepares to underpin its insight and data services with a new global coding system.
Residual values will fall in the next 12 months by a couple of percentage points and up to 8% in the next three years.
A survey carried out by Cap HPI has revealed that one-in-four dealers expects volumes of pre-registered vehicles to exceed 21% of total new sales in September.
Cap HPI has warned that a “stable” used car market could suffer under the double-pronged pressure points of increasing volumes and an more nearly-new vehicles in the market.
Cap HPI shows says some car manufacturers now see average returns of vehicles bought new in 24 months.
Automotive data experts Cap HPI has indicated a "strong appetite" for used cars as it revealed the fastest selling models based on the latest market sales data.
Cap HPI is urging dealers keep a careful eye on stock turn as research shows pressure on margins over a 12 week period.
Cap HPI has appointed Ian Denny as its head of digital media sales as it focusses on growth in areas which are “are transforming the automotive industry”.
Paul Bennett, former director of international business development at Cap HPI, has joined Autofutura as its director of business development.
The level of pre-registration increased 46% in 16/16 plate volumes during June.
Dramatically increased pre-reg activity is leading to a “confused marketplace” for new and nearly new vehicles, according to Cap HPI.
The pace of decline in used values is accelerating, with prices in May falling 1.9% so far.
Cap HPI has further strengthened its industry insight team to support its international ambitions and UK operations.
Vehicle history check expert HPI has launched a recall check service to help used car buyers to make even safer purchase decisions.
Automotive technology solutions provider Cap HPI, has been chosen to confirm the quality of dealer group Macrae & Dick’s stock with HPI and NMR checks.
Pressure from pre-registrations and continued new car offers pushed used values down by 1.4% in April, according to CAP HPI.
The supply of used LCVs is to increase by 48% by 2019.
