EV values finally rebounded in September after a two-year period of free-fall, according to industry experts at Cap HPI.
Data expert Cap HPI reveals that electric vehicles (EVs) are written off at less than half the rate of petrol and diesel cars.
Latest analysis from Cap HPI shows a strong used market in September, after a buoyant summer.
Data experts at Cap HPI are warning the industry to approach the upcoming months with care as the pressure to meet Zero Emission Vehicle (ZEV) mandate requirements intensifies.
Strong wholesale demand supported used car values in August as the average value movement fell by just 0.6% at the three-year age point, according to experts at Cap HPI.
Used electric vehicles are now priced 8.5% and 14% below equivalent petrol and diesel models at three and four years respectively, according to new data.
The rate of decline for used EV prices is showing signs of improvement, with a 1% drop the best month so far this year, according to new data from Cap HPI.
HPI is extending its data set through a new partnership with integrated vehicle recycler Synetiq which will provide vital information on salvage total loss vehicles.
Short-term insurer Tempcover and Cap HPI are joining forces to help dealers close more sales with insurance cover ranging from one hour to 28 days.
Craig Bridgman has been appointed as a new senior editor on automotive data business Cap HPI’s valuations team.
Electric cars remain the most unpredictable and volatile fuel type in an otherwise stable market, according to experts at Cap HPI
Cap HPI chief Chris Wright discusses the dangers of using unethical data
The used car market demonstrated remarkable stability in June with average values dropping just 0.1%, or £25, for vehicles three years old with 60,000 miles.
The Toyota Aygo has clinched the title as overall winner of the Used Car of the Year title after Cap HPI’s team of experts and analysts saluted how cheap it was to run.
Good trade demand for ex-fleet used cars during May, particularly for petrol cars, led to an average value drop of just 0.9% (£210) for a three year, 60,000 mile car, according to Cap HPI.
Contrary to industry fears, there is no evidence that EVS are being scrapped at a higher rate than ICE vehicles due to their significantly higher repair costs
A 0.5% fall in used values over the first nine days in May was observed at cars aged three years and 60,000 miles on the clock, according to the latest mid-month analysis from Cap HPI.
Matt Freeman, managing consultant at cap hpi consulting explores the rise in plug-in hybrid electric vehicles (PHEV) registrations.
April saw average car values at the three-year, 60,000-mile point, fall by 1.5%, equivalent to around £300 as the market returns to seasonal norms.
Sales of electric cars are expected to hit 400,000 this year, according to a new launched by cap hpi consulting.
