RESIDUAL values have been dropping during lockdown 2.0, says cap hpi. However, the vehicle valuation specialist says that cooling prices are due to seasonal readjustment following a bull run in its latest analysis of trade-to-trade sales data. cap hpi has detected a decline in trade prices by 2.1% in October and by over 2% in November to date or around £450 in…
DATA provider cap hpi says it will continue to adjust residual values during Lockdown 2.0. During the first pandemic lockdown, cap hpi stopped its valuation revisions during April and part of May due to the lack of robust data as UK plc was on full lockdown. However, this time around, it says that many retailers and wholesale businesses will continue trading. We…
BROKERS using cap hpi data should be prepared for a significant change in new vehicle data should there be a no-deal Brexit. cap hpi says it is preparing to handle large volume pricing shifts in a no-deal situation. The data provider says it is currently working with OEMs on the scenarios relating to the potential changes. It says that where car manufacturers…
USED values went negative in October, reversing an extended run of rises from March. cap hpi says that used values dipped by 2.1% as wholesale prices dropped across the board, with trade buyers becoming edgy about paying higher prices for cars. Derren Martin, head of valuations UK at cap hpi (pictured), said that during October the trade market had moved sooner and…
LEASING brokers handling cap hpi data must have a valid Broker Communication Licence from 31 December 2020. Funders and dealers using cap hpi data, along with marketing lease aggregation portals, must also have a valid Broker Communication Licence. Brokers currently holding licences were sent the official communication last Thursday (15 October 2020) signed by both cap hpi’s James Pass, head of fleet…
DIESEL cars featuring 48V mild-hybrid technology will be exempt from the 4% government surcharge on diesels, regardless of whether they are RDE2 compliant or not. The change in status follows an announcement from the DVLA and HMRC that mild hybrids would be eligible for both the lower rate of BIK taxation as well as reduced VED under the alternative fuel discount scheme.…
In this feature survey on broker website providers we cover: What’s driving the market? Who are the main broker website providers? What are their costs? What are the features of each broker website package? Broker user experience Full contact details Checklist Introduction and market overview THE market for leasing broker websites was galvanised in late 2018. It was then that, what was…
RENAULT has dropped the option of leasing the battery separately on its electric Zoe supermini. When Zoe was first launched in 2013 it was only available as a Battery Lease. This was complemented in November 2014 by the additional option of battery inclusive Full Purchase. Renault’s decision will help clear up a potential source of confusion for customers in the step change…