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.
Cazana's retail price index in 2020 increased by 7.6%, the slowest depreciating model range at 12 to 24 months is the BMW X3.
Cap HPI has reported a 1.4% decline in used car values during January, as a result of falling demand.
The New Dacia Sandero and Sandero Stepway have been given best-in-class residual values by Cap.
Fears of a ‘price correction’ for used electric vehicles (EVs) have been played down by pricing experts.
A turbulent used car market over the next few years looks set to steer fleets towards the comparative risk-free appeal of leasing, reports Jonathan Manning
An acute shortage of new and used light commercial vehicles means supply is failing to meet demand, driving up prices sharply, reports Jonathan Manning
Shoreham Vehicle Auctions (SVA) says it’s important for vendors to keep physical buyer options open, otherwise they risk compromising bids and used car prices.
The average price of 24-60-month ex-fleet stock falling by 9.5% (£881) in the month to £10,638, according to Aston Barclay.
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.
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