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EV sales tipped to top 400,000
- 17/04/2024
- Posted by: Alan Feldberg
- Category: News
A new report predicts that BEV sales will exceed 400,000 this year. According to a new study by cap hpi, the uptick will be driven by growing demand for smaller BEVs, which will increase market share from 20% to 30% while medium and larger BEVs will see market share decline from 45% to 30%. More than 480 [...] -
EV levels low at independent dealers
- 15/04/2024
- Posted by: Alan Feldberg
- Category: News
New data has revealed that only 17% of independent dealers stocked electric vehicles in March. This is according to cap hpi, which found that this figure rises to 43% of franchised dealers and 49% of car supermarkets. Derren Martin, director of valuations at cap hpi, said: “Our data shows that many dealers [...] -
Used car prices hold firm
- 26/03/2024
- Posted by: Alan Feldberg
- Category: News
The used car market remained stable in March as average values at three years and 60,000 miles fell just 0.1%, or £70. According to cap hpi, this marked the strongest March into April since 2019. Meanwhile, one-year-old vehicles also decreased by 0.1%, while five-year and 10-year old models fell by 0.7% and [...] -
Average EV and ICE mileage converging
- 05/03/2024
- Posted by: Alan Feldberg
- Category: News
New data has revealed that average mileages are dropping for both petrol and diesel vehicles. According to cap hpi, which analysed data from around 17.4 million cars from 2014 to February 2024, average annual mileage for all fuel types has fallen from 11,381 miles at the start of 2014 to 9,654 miles per year up to [...] -
Used car values inch up again
- 28/02/2024
- Posted by: Alan Feldberg
- Category: News
Average used car values at three years and 60,000 miles moved into the positive in February, according to data from cap hpi. An increase of 0.7%, or £50, represents the first month of growth since March last year. Values at the one-year age point increased by a 0.2%, while values at the five-year point went up [...] -
cap hpi bolsters OEM team
- 07/02/2024
- Posted by: Alan Feldberg
- Category: News
cap hpi has appointed Chet Patel to its OEM consulting team. He will work closely with the OEM team to further grow its global reach and assist OEMs to develop and accelerate their own new product and expansion plans. He said: “This is a fantastic opportunity which brings all my key strategic strengths into [...] -
cap hpi unveils new pricing tool
- 05/02/2024
- Posted by: Alan Feldberg
- Category: News
A new Options Value tool from cap hpi has been developed to help dealers more accurately price optional extras on used vehicles. Available for free to current subscribers in the Valuation Anywhere product, the solution could prevent dealers from missing out on potentially thousands of pounds in profit by not [...] -
Used values hold firm in January
- 29/01/2024
- Posted by: Alan Feldberg
- Category: News
January saw used values at the three-year, 60,000-mile point reduce by a negligible 0.1%, equivalent to £90 on average, according to experts at cap hpi. The fall of 0.1% was the strongest performance in a month since March last year and is in line with the average movement in January, which sits at 0.3% for the [...] -
Used car values continue falling
- 22/12/2023
- Posted by: Alan Feldberg
- Category: News
Used car values at three years and 60,000 miles fell by 2.1% in December, adding to a cumulative drop of 8.4% over the last two months. According to cap hpi, values dropped by 1.8% or £550 at the one-year age point, while at older ages there was a 2.1% (c£250) drop at five years old and just a 1.4% (£75) [...] -
Mark Turnbull promoted to cap hpi director
- 07/12/2023
- Posted by: Alan Feldberg
- Category: News
Mark Turnbull has been promoted to director of OEM and consulting at cap hpi. The role’s broader remit will see him continue to expand the consulting team's global reach and work with OEMs to help them accelerate their product and growth plans. He said: “As a team, we are ideally placed to help OEMs manage [...]