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.
EnquiryMAX and Cap HPI have announced a new data partnership that will help dealers manage pricing risk in the part exchange process.
Cap HPI wins the 2019 AM Award for Supplier of the Year
Used car values declined by 0.7% in January as dealers saw lower retail demand for vehicles priced over £12,000, Cap HPI has reported.
Used car values fell by 1.7% in December as demand weakened and dealers targeted stronger returns at the start of 2019, according to Cap HPI.
Cap HPI's vehicle identification specification service, Spec check, has added the Lexus and Toyota brands to ensure car dealers do not suffer from a missed profit opportunity.
Supply constraints triggered by the introduction of WLTP have resulted in used car values that have defied the usual season trends, according to Cap HPI.
As major cities across the UK announce their plans for Clean Air Zones (CAZ) it is clear that there is no consistent picture for the motorist or clear impact for the industry.
Cap HPI has warned that large car retail groups that inaccurate vehicle data could be costing their business £117,000 a year in findings from a profitability study carried out in partnership with the Institute of Transport Studies.
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.
Used electric vehicles (EV) rose in value during September despite static performance elsewhere in the sector, according to research from Cap HPI.
Lower than usual car registrations numbers due to the switch to the WLTP vehicle emissions tests could see an increased number of car buyers invest in nearly-new alternatives, Cap HPI has said.
Cap HPI is launching a WLTP solution for users of its new vehicle data that will pull in information from manufacturers.
The used car market slowed in July, according to Cap HPI.
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 12 2020
Where: Birmingham NEC
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