• Vertu Motors expands cap hpi partnership
    • 29/11/2023
    • Posted by: Alan Feldberg
    • Category: News
    The Vertu Motors group has announced a partnership with cap hpi to help manage risk and optimise profits by using the Daily Movement Report to inform its own valuation tools. The Daily Movement Report provides dealership groups with a comprehensive view of the market. The vehicle data is compiled using extensive [...]
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  • Used car values fall again in November
    • 28/11/2023
    • Posted by: Alan Feldberg
    • Category: News
    November saw used trade values fall by 4.2%, or £775 at the three-year age point, according to experts at cap hpi. The news follows October’s fall of 4.2%, which means that average trade values have dropped by 8.4% or £1,625 in the last two months. However, average values remain around 15% above where they [...]
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  • BCA reports rise in used car values
    • 13/11/2023
    • Posted by: Alan Feldberg
    • Category: News
    Average used car values rose again in October according to data released by the BCA. It saw prices rise to £7,397 from £7,262 September, halting a trend that had seen values decline for four consecutive months. At the same time, the price guides declared the largest monthly downward move in more than 10 years, [...]
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  • Used car values shift again in volatile market
    • 07/11/2023
    • Posted by: Alan Feldberg
    • Category: News
    Cap hpi is urging the industry to track used cars values closely as a volatile market continues to shift quickly. It has reported prices have already slipped 1.5% on average since the publication of its most recent monthly editorial on 27 October. The news follows the 4.2% drop reported at the end of October, [...]
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  • Used car values continue downwards trajectory
    • 06/11/2023
    • Posted by: Alan Feldberg
    • Category: News
    Average used car retail prices contracted on a year-on-year basis for the second consecutive month in October, dropping 1.7% like-for-like. According to the Auto Trader Price Index, the current rate of contraction marks the largest drop in YoY prices in over 43 months. However, the average price of £17,641 [...]
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  • Cost still main barrier to EV switch
    • 31/10/2023
    • Posted by: Alan Feldberg
    • Category: News
    More than six in 10 UK drivers say they won’t buy an electric vehicle because they are too expensive. According to the National Franchised Dealers Association’s (NFDA) Consumer Attitude Survey 2023, 62% said price was the main barrier to switching to an EV. A lack of charging infrastructure was cited as an [...]
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  • Used car values continue downwards trend
    • 30/10/2023
    • Posted by: Alan Feldberg
    • Category: News
    Used car values fell in October according to data from cap hpi. It found that average three-year-old vehicles with 60,000 miles declined by 4.2%, or £850. This is the largest drop in a single month since the introduction of cap Live in 2012 and the largest fall since May 2011, over 12 years ago. Meanwhile, [...]
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  • Growing demand pushes up used EV prices
    • 20/10/2023
    • Posted by: Alan Feldberg
    • Category: News
    New data from Auto Trader has revealed that used EV prices have risen 0.6% so far in October to an average price of £32,203. However, prices are still down 19.6% on a year-on-year (YoY) basis. The slight rise during October is marginally ahead of the 0.2% rise is used petrol vehicles but just below the 0.7% [...]
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  • Used prices fall for first time in 41 months
    • 05/10/2023
    • Posted by: Alan Feldberg
    • Category: News
    Used car prices fell in September for the first time since March 2020, based on data from the Auto Trader Retail Price Index. The average price of a used car last month was £17,736, down 0.4% year-on-year and like-for-like, marking the end of a remarkable 41 months of consecutive growth. Meanwhile, second-hand [...]
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  • Used car values weakening
    • 27/09/2023
    • Posted by: Alan Feldberg
    • Category: News
    Used car values fell by their largest amount since 2008 in September. According to data from cap hpi, values dropped by 1.9%, or about £420, at the three-year, 60,000 point. Values at the one-year age point dropped by 1.6%, equivalent to £575, while older cars dropped by 1.8% at five years old and 2.1% at [...]
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