Dylan Setterfield, head of forecast strategy at cap hpi, explores what 2024 may hold following the market realignment at the end of 2023.
Mark Turnbull has been promoted to director of OEM and consulting at cap hpi, charged with extending the consulting team’s global OEM reach
The Vertu Motors group is working with cap hpi to help manage risk and optimise profits in a volatile used car market
November saw used trade values fall by 4.2%, equivalent to £775 at the three-year age point, according to experts at cap hpi.
The average used car wholesale value had dropped 2.5% by November’s mid-month point, furthering the 4.2% decline that Cap HPI recorded in October.
Arnold Clark has signed a new multi-year deal with cap hpi to enhance its technology capabilities with vehicle valuations and forecast data.
Experts at Cap HPI arer forecasting that there will be one million BEVs on UK roads for the first time by February 2024.
Cap hpi is calling on the industry to view values in real-time in a fast-moving market.
Used car values toppled in October, with the average value movement in cap Live at three years, 60,000 miles, seeing a fall of 4.2%, equivalent to £850.
Sustained price realignment sending used prices further down
Significant falls in used car values should be seen in context since they remain up to 30% above where they were before the peak in prices seen in 2021
At mid-September Cap HPI’s data showed the average value of a used car was down -1.1%, and its values experts are expecting the month-end drop to be another 2% overall, similarly to August’s outcome.
August’s average used car value is heading for a 2% drop, the largest yet this year, as the market “realignment” continues, says Cap HPI.
The AM News Show podcast recently welcomed Perrys managing director Darren Ardron and Cap HPI director of valuations Derren Martin to the studio
Mark Turnbull, global head of consulting at Cap HPI, explains why Chinese EV brands are serious prospects for the UK market and how they could eclipse established Western OEMs.
Average used car values have dropped by 0.9% so far in June, according to AM’s latest exclusive mid-month update from Cap HPI.
Cap HPI has launched a free new tool for dealerships that will help them more accurately price optional extras on used vehicles.
Average used car prices have dropped by 0.6% so far this month and a total drop of 1.2% is expected for May, according to Cap HPI.
Used car prices declined by 1% during April as Easter holidays delivered a seasonal drop in demand, Cap HPI has reported.
The Fiat 500 city car’s consistently strong value as a used vehicle has secured it an historic overall win in Cap HPI’s first ever data-driven Used Car of the Year Awards.