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.
Popularity of leasing is growing with more than three-quarters of company cars now financed this way
Desire to be eco-friendly encourages shorter LCV replacement cycles
There are some encouraging signs that the used car market is performing well since lockdown restrictions were lifted.
Autovista Group has published a new whitepaper outlining how a report outlining the remaining battery life of an electric vehicle (EV) could improve its residual value.
By Andrew Mee, head of forecast UK at Cap HPI
Fleets urged to stagger vehicle returns to help lessen the impact of coronavirus on used car values, while dealers are warned not to cut new car prices.
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
But the company urges caution, with volatile price movements expected over the next few weeks.
An expected surge of used cars into the wholesale market, as lockdown restrictions are gradually lifted, look set to be remarketed online.
Cap HPI has introduced a package of specialist services to help fleet and finance companies through the Covid-19 pandemic.
Strong demand for used petrol and diesel cars continued in 2019, with sales of the latter down just 0.6% to 3,297,953 units and a 41.7% market share, says the SMMT.
A challenging used car market in 2019 has had a significant negative impact on the optimism of leasing companies for RVs in 2020, the FN50 survey suggests.
First time conversion rates continued to hold their own in December at 85.5%, data from Manheim shows.
The events of the past year look set to shape the industry for years to come, while a whole host of questions remain unanswered.
Used car values in November dropped 0.6% at the three-year, 60,000-mile point compared to the five year average of -2.3%, according to Cap HPI.
Residual values for used electric vehicles (EVs) are progressing at different rates with prices for cheaper models strengthening in the last 24 months.
Cap HPI has given the newly launched Volvo XC40 T5 Twin Engine plug-in hybrid market leading resale values.
Cap HPI's Live valuations have reported a positive average movement in used car values for the first time in 18 months.
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