High volumes of stock in the market depressed February’s usual seasonal rise in values, according to data published by Cap HPI.
Brokers are set to see a boom in finance business during 2017 according to the results of a survey carried out by Cap HPI.
Car sales across the European Union will grow by at least 2.8% in 2017.
The Vehicle Remarketing Association has appointed Rupert Pontin, Tim Hudson and Philip Nothard as new directors on a ten-strong board.
Cox Automotive UK and Cap HPI have renewed their relationship with a new three-year contract.
One in 10 dealers are unaware of the VED changes due on April 1, according to a new survey from Cap HPI.
A study of volumes of 16/66 plate vehicles in the market has revealed large numbers of SUVs and superminis.
‘Explosion of the crossover’ has seen volumes rapidly increase as days in stock fall
Demand for cars over 10 years old and 100,000 miles resulted in a 0.3% rise in values, despite an overall used car market dip of 0.6% during January.
Hatfields will use a comprehensive range of Cap HPI data under the new agreement, covering HPI Check, warranty, spec check and Cap valuations all delivered via HPI Tradeweb.
Cap HPI has put digital services at the heart of its plans after announcing plans to bring an end to its printed editions, stating “it has outgrown the printed format”.
Solera Holdings has entered into a definitive agreement to acquire Autodata as part of ambitious plans to “digitise vehicle ownership”.
The used car market is set to exceed 7.7 million vehicles in 2016, beating last year's figure of 7.2m and the previous 2004 record of 7,731,609 vehicles.
Average used car values declined by 1.6% at three years 60,000 miles in December, a figure that compares to the same point last year, where prices moved downward by 1.8%.
Dealers are reporting a slowdown in business as consumer demand drops, with the majority expecting a 10% fall in new car sales in 2017.
Current volumes of pre-registration in the city car sector are far lower than at the same point in 2015.
A new app for Apple devices from Cap HPI promises the fastest access to industry leading vehicle valuation data – under 15 seconds.
GForces has partnered with HPI to enhance its data offering by providing vehicle history checks on dealer websites.
Petrol hybrid cars are showing the greatest forecourt price resilience as petrol and diesel vehicles both show falls of around 5%, Cap HPI has revealed.
Nearly new volumes “are of significant concern”, says Cap HPI, and likely to cause downward pressure on prices.
