Fleet News

Coronavirus: New Cap HPI services to help fleet and finance companies

Cap HPI has introduced a package of specialist services to help fleet and finance companies through the Covid-19 pandemic.

Launched by the consulting arm of Cap HPI, the services aim to help companies better understand the value and risks of their vehicle assets, and develop a detailed view of future threats.

The automotive data business says it builds on a continuing series of industry briefings, webinars and one to one sessions, which are helping the industry keep up to date with the latest developments.

Businesses will be able to access independent revaluations and portfolio management, along with strategic guidance to navigate the crisis and post-crisis marketplace, it said.

Mark Turnbull, head of consulting at Cap HPI, told Fleet News: “Risk management relies on identifying what could go wrong, prioritising risks and putting in place strategies to mitigate the challenges.

“Businesses that have defined the risks will be better prepared and have a more effective way of navigating market disruption.”

Covid-19 is likely to lead to an increasingly volatile used vehicle market, and having accurate and up to date valuations and forecasts are essential, says Cap HPI.

Detailed scenario forecasting is based on economic performance, using historical trends and forward-looking market assessment.

The portfolio analysis services, it says, can give fleets a forensic view of both current and forecast valuations for cars, LCVs, motorcycles, and HGVs.

Advice is also available on model-mix analysis based on brand, segment, and fuel-type performance, identifying at-risk vehicles.

The portfolio health-check can also identify stolen, written-off and financed vehicles using HPI’s comprehensive database.

The consulting team believes that advances in the way data can be modelled have opened up new ways to run leaner and more efficient fleets.

It has enhanced a range of strategic advisory services that include delayed returns analysis and vehicle purchase strategy.

The company regularly works with manufacturers and large fleet operators on projects ranging from Total Cost of Ownership models to whole fleet due diligence.

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