The UK's used car market contracted by 8.3% in the first quarter of 2020 following a COVID-19 coronavirus lockdown-prompted 30.7% decline in March sales, SMMT data has revealed.
Used electric vehicles (EV) like the Renault Zoe and BMW i3 are appreciating in value after car buyers "turned a corner" in their attitude to adoption, according to CarGurus.
Renault has stopped offering the new Zoe with a battery lease option after the car was awarded class-leading residual values by Cap.
Affordable pure electric vehicles (EVs) are moving into the used car sector’s fast lane as consumers show less enthusiasm for a new crop of expensive zero-emissions cars.
Cap HPI has refuted claims that PCP customers are increasingly at risk from financial difficulties as a result of their car finance agreements lapsing into negative equity.
Remarketing electric and hybrid vehicles will be the focus of the Vehicle Remarketing Association's (VRA) first meeting of 2019, on January 29.
Cap HPI has revealed plans to launch a wave of new real-time data tools and insight after adding agility to its new product development with the launch of a new automotive data science team.
The Vehicle Remarketing Association has warned that an oversupply of petrol-fuelled used cars is likely to result from the “dramatic shift away from diesel in favour of petrol”.
A landmark ruling that could see cities across Germany ban older diesel-fuelled vehicles from their streets could be set to impact manufacturing and used car residual values in the country.
Cap HPI has announced the appointment of Max Robert Mueller as future car value manager for Germany as it continues to drive growth on the continent.
Overall used car market up 0.1% in first three quarters of 2017, but diesel sales grow 4.2%
Used car prices dipped by 1.2% as the second half of October showed ‘significant signs of a weakening market’, according to Cap HPI.
Sustained success in automotive retail will demand a more conservative reappraisal of residual values, according to MotoNovo.
Cap HPI has responded to reports that diesel car values had seen residual value drops of as much as 26% since the start of the year - claiming that the figure amounted to "harmful scarmongering".
Cap HPI has announced that it will be updating its EV data as a result of increasing customer demand for EV and hybrid vehicles.
Nissan has accused the trade’s price guides of being pessimistic with their forecasts on electric vehicle residual values.
HPI is displaying future valuations online via a free service which comes in direct response to increasing negativity and bad publicity surrounding diesel vehicles and usage.
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.
Nearly-new car prices fell 2.2% in value as average used car values fell by 0.76% overall during June, BCA Pulse shows.
