Used car residual values continued to rise in July marking five months of growth, according to Cap HPI.
Used car trade values are continuing an “unparalleled shift upwards”, according to Cap HPI.
Double digit increases reported in used car prices in recent months are likely to continue and could go even higher, says the VRA.
Price premium for pure used battery electric vehicles (BEVs) is leaving buyers reluctant to make the switch, when faced with a cheaper, second-hand diesel car.
Used car prices for three-year-old vehicles have increased on average by 6.7% during May, equivalent to £800 per car, according to Cap HPI.
BMW makes biggest reduction, lopping almost £7,500 off sportier versions of its i3 model.
The used car market is booming, with Cap HPI reporting the largest increase in values seen in 12 years.
Used car values have returned to growth after five months of decline, according to Cap HPI.
The British Vehicle Rental and Leasing Association is partnering with APD, Auto Trader and Cap HPI to provide market data and trend analysis for its members.
Auto Data Solutions is offering fleets a free audit of their data and systems to identify savings and help platforms work together more effectively.
Cap HPI has reported a 1.4% decline in used car values during January, as a result of falling demand.
Fears of a ‘price correction’ for used electric vehicles (EVs) have been played down by pricing experts.
Cap HPI has announced that Andrew Mee is retiring at the end of the year after having spent the past seven years with the firm.
Used car values have been dropping after a summer of strong growth, but the change in prices is not the result of the current lockdown.
Zenith has implemented Quotevine’s new Radia terms management system, which promises to provide a more painless transaction process and ‘transform’ the UK leasing market.
Data will be available from January 1, 2021, to ensure fleets can continue to price vehicles accurately and easily, it says.
Used car values dipped by 2.1% in October – the first fall since March – and look set to fall further, according to new data from at Cap HPI.
Andrew Mee, head of forecast UK at Cap HPI, sets out the forecast for used values next year and beyond.
Used car values for both petrol and diesel stayed strong in August, but electric vehicles (EVs) and some hybrids continue to struggle, says CAP HPI.
Pricing experts at Cap HPI have played down the potential of Mitsubishi’s decision to exit the UK having a negative impact on residual values (RVs).
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