Used values of petrol cars continue to be strong but demand for electric cars has grown, says Cap HPI.
Cap HPI has revealed the scale of the used car it processes is set to reach record levels in 2018, with 68,000 unique model derivatives now on the market.
Cap HPI managing director Chris Wright on international growth, the importance of valuations based on robust data and the impact of GDPR and WLTP on dealers
Cap HPI has promoted “key player” James Pass to the role of head of finance sales.
Cap HPI has appointed Debbie Capell as new data operations director, to speed up the “development of new product”.
Rockar will use valuation and provenance data from Cap HPI to underpin its online retail platform as it plots growth with franchised retailers in 2018.
Cap HPI has acted on its predictions that automotive will be transformed by data usage over the next five years by driving new innovations from its newly-launched Innovation Hub.
An increase in wholesale stock availability and slowing demand has resulted in a seasonal used car price slump in November, according to industry data analysts Cap HPI.
Cap HPI has promoted its head of finance John Dennis to the role of UK sales director.
Used car prices dipped by 1.2% as the second half of October showed ‘significant signs of a weakening market’, according to Cap HPI.
2018 will be the year of the used car, particularly diesels.
Diesel remains “the right fuel choice for a significant number of drivers” with recovering used car prices suggesting that consumers are starting to make their own judgements of the fuel, according to Cap HPI.
Tablet-based technology is allowing car dealers to appraise, value and provenance check a vehicle on the forecourt via a new platform delivered by Cap HPI.
Dealers’ dependence on used car sales for profitability is likely to deepen in 2018, says Cap HPI
Cap HPI has responded to reports that diesel car values had seen residual value drops of as much as 26% since the start of the year - claiming that the figure amounted to "harmful scarmongering".
Cox Automotive has welcomed Philip Nothard as the head of external relations.
Consumers change their cars more often than they do their smartphones as their mindset shifts towards “usership rather than ownership”, according to HPI.
Carwow is supporting its growth plans by signing a new two year data deal with Cap HPI.
Car history check website MotorCheck has successfully defended its advertising against a Cap HPI claim it was misleading.
Citroen’s C Zero hatchback emerged as the EV with the lowest cost of ownership when it topped a table compiled by Cap HPI to help consumers measure the impact of a shift to EVs.
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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