Fluctuations in the value of used cars and the wider adoption of ever-faster remarketing platforms have driven the used car market to become more “complex and volatile” in 2019, Cap HPI has reported.
Concerns around supply shortages of new vehicles after August 31 due to vehicle testing rules may be unwarranted, according to Cap HPI.
Used car values have dropped by a record 2.2% decline for July as the large executive and luxury executive cars fell out of favour with car buyers, Cap HPI has reported.
Carwow has partnered with Cap HPI to provide manufacturers with in-depth data about how their models are performing in the eyes of buyers.
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.
The average price of a used car advertised via Auto Trader increased by 0.8% in May, despite ongoing reports of declining values.
Used car prices have continued to decline during June as a “realignment of values” impacts all vehicle sectors, according to Cap HPI.
Brexit is yet to have an impact on used car values in the UK according to Cap HPI’s latest analysis of the UK automotive sector.
AM100 groups fall victim to unscrupulous write-off repairers exploiting insurance loophole to resell crash-damaged cars
Used car values have experienced their most severe May decline since Cap HPI’s records began in 2012 and the heaviest monthly drop since December 2014.
A “market correction” has wiped £500 to £1,000 off the price of the some used cars during May, according to data published by Cap HPI.
Cap HPI is working with car manufacturers to ensure that vehicle price data can be updated in its system promptly, in the event of a no-deal Brexit.
The volume of used electric vehicles (EVs) available in the UK has risen by 27% since 2017, according to Cap HPI.
City cars and superminis seemed to be falling out of favour as the two segments led the largest April decline in used cars values since 2011, Cap HPI has reported.
Used values of supermini and city cars were “hit hard” during April, according to Cap HPI, which saw an accumulated monthly drop of 2.3% at the three-year and 60,000-mile point.
The problem of vehicle clocking is one the rise with one-in-14 cars on UK roads showing “mileage discrepancies”, according to research carried out by Cap HPI.
Cap HPI has reported that used car values have “softened” during March as the SUV segment defined an overall average decline of 0.9% at three years and 60,000 miles.
Automotive data experts at Cap HPI have found that the owners of some small electric vehicles (EVs) could run their zero-emissions car for 12 months and make a profit when they sell it on.
Used car values declined during February for the first time since 2008 as car retailers begun to show signs of "reluctance" to squeeze their profit margins any further, according to Cap HPI.
Auctions halls around the UK were heaving in 2018 as many dealers turned to the used sector to bolster profits. The result was the unusual phenomenon of high used volumes and record prices.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
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