A predicted seasonal decline in used cars sales has seen average values drop by 1.8%, according to CAP’s Black Book.
CAP looks at the challenges in sourcing used stock for dealers across the UK, using research exclusive to AM.
Cap is ending print editions of its valuation guides CAP Black Book, CAP Grey Book and CAP Red Book to focus on its digital information and services.
A recent study of UK dealers by CAP found the majority, 46.3%, believe that 2016 will beat 2015 for new car registrations.
Cap and HPI have targeted growth in the UK and overseas after making a trio of key new appointments.
Used values dropped by 2.6% through November in a predicted seasonal slide, according to data from CAP.
Tesla Model S used values have been static for over a year, says CAP.
FINANCE specialist Moneyway’s Motor Finance has extended its product range to offer customers and dealers added flexibility with the option of 120 per cent loan-to-value.
The new car market is still on track for a record year, despite a sales dip of 1.1% in October, according to CAP.
CAP and HPI will now operate jointly from a head office in Leeds in an effort to increase collaboration.
Average used values dropped by 2.2% with an expected seasonal slide, according to the latest figures from CAP.
HPI is urging used car dealers to conduct regular mileage checks on stock after an independent dealer in Birmingham has been jailed.
CAP has reported that volumes of Volkswagen product remain steady in the wholesale market.
The used car market needs transparency of pre-registrations which risk hurting values, Derren Martin of CAP Black Book, will tell the AM Used Car Conference.
Average used car values remained steady in September, moving down by 0.7% at the 3-year, 60,000 mile point.
CAP Automotive is predicting the current issues faced by Volkswagen will have no discernible impact on used values.
CAP Automotive is increasing the amount of data is uses to determine used retail pricing as part of an overhaul of its services.
A crackdown on vehicle clocking is being called for by the National Franchised Dealers Association and the National Association of Motor Auctions.
A used car pricing realignment is expected at the end of this year, caused by high and increasing volumes of stock and reduction in values.
Used car prices may be under pressure from the end of August, according to trade valuation experts at CAP.
