Data experts don’t expect trend to continue after RVs fall steeply over recent months.
Pricing experts at Cap HPI say that average used car values for 3years/60,000 miles models fell by 2% in June.
Lifestyle 4x4 vehicles are an increasingly popular tax efficient choice for company car drivers, claims Cap HPI.
On average, used values fell by 3.1% in May at the three-year, 60,000-mile point, following a 2.3% drop during April, says Cap HPI.
The used car market is undergoing a market correction, and the pace of change has accelerated in May, according to experts at 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 number of used electric vehicles (EVs) has grown by 27% since 2017, according to Cap HPI.
Economic uncertainty and tighter controls from the FCA make it essential to undertake more frequent valuations of fleet portfolios, suggests Cap HPI.
February saw the first downward movement of used car values in the month since 2008 with a fall of 0.6%, according to Cap HPI.
Aston Barclay has appointed automotive data experts Cap HPI to exclusively handle its vehicle data requirement.
The new Range Rover Evoque is predicted to achieve class-leading residual values, according to Cap HPI.
The mileage of an average used car aged between 2.5 to 3.5 years old dropped from 39,583 miles in 2008 to 31,199 in 2018 – a 21% decline, according to Cap HPI.
Average downward movements were visible for each mainstream sector, with MPVs and SUVs the worst affected.
The study looked at five of the best-selling models in the UK and discovered that monthly lease costs had fallen by 9.5% on average.
Suzuki’s Jimny compact SUV has received record high residual value forecasts for the brand.
Average used car values fell by 1.7% in December as demand weakened, according to Cap HPI.
Quotevine and Cap HPI has launched Radia, a tool to connect vehicle manufacturers and leasing companies.
Used petrol cars reduced by an average of 1% in October, whereas diesels dropped by 0.3%, with consumers seeing the benefits of the economy and torque in diesel cars.
Automotive data and technology business Cap HPI is set to launch new real-time data tools and insight after investing more than £1 million to create a new data science team.
Cap HPI is calling for a company car tax re-think in the upcoming budget.
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