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Author: Eduardo Valencia

Future Car Market Overview – New Cars August 2024

Welcome to the latest version of our overview. Our aim is to bring you the best content and layout, making it easy to identify new and revised information. As always, any customer feedback would be appreciated: e-mail [email protected] The content is structured as follows: Forecast Changes Market Conditions Historic Forecast Accuracy Forecast Methodology & Products Sector Reforecast Schedule 2024   CLICK HERE to read the full article.

Future Car Market Overview – SMR August 2024

Welcome to our latest overview of Service Maintenance and Repair (SMR) Budgets, previously known as the ‘gold book SMR editorial’. This is aimed at our Fleet sector customers, who may use the Budgets when setting their lease rates. CLICK HERE to read the full article.

Future Car Market Overview – Used Cars August 2024

Welcome to the latest version of our overview. Our aim is to bring you the best content and layout, making it easy to identify new and revised information. As always, any customer feedback would be appreciated: e-mail [email protected] The content is structured as follows: Forecast Changes Market Conditions Historic Forecast Accuracy Forecast Methodology & Products Sector Reforecast Schedule 2024   CLICK HERE to read the full article.

Car Market Overview August 2024

This monthly overview provides an update on the current new and used car markets in the UK. We will report on new car registrations to the end of June 2024 and used car activity at the time of writing. All information is correct as of 26th July 2024. CLICK HERE to read the full article.

HPI expands data set to enhance vehicle provenance checks

HPI is extending its data set through a new partnership with integrated vehicle recycler Synetiq which will provide vital information on salvage total loss vehicles processed through its facilities. This expansion is part of Cap HPI’s integration of data from risk and asset management data provider Audatex which supports over 2 million vehicle assessments annually and 85% of UK insurance claims. The enhanced data set will allow HPI Check users to access more comprehensive vehicle histories, including detailed records of incidents and total loss. Cap HPI data indicates that one in three cars has a hidden history or outstanding finance. Hugh Leslie, IT director for Synetiq, said: “We continue to invest in pushing standards forward across the industry, and our new data agreement with Cap HPI will help to keep consumers and the supply chain informed about the vehicles they buy. Everyone in the industry must play their part to increase transparency and raise standards.” Jon Clay, identification director at Cap HPI, said: “The data agreement with Synetiq and the integration of Audatex data are part of our ongoing journey to enhance the HPI Check. As technology and data advance, we can connect parts of the industry to increase transparency. We layer information to provide a richer picture of every vehicle.” Clay stressed the importance of ethically collected and reliable data, noting the significance of the partnership with Synetiq in achieving this milestone. “The data agreement with Synetiq and the integration of Audatex data are part of our ongoing journey to enhance the HPI Check. As technology and data advance, we can connect parts of the industry to increase transparency. We layer information to provide a richer picture of every vehicle.” *Article published: https://www.am-online.com/news/hpi-expands-data-set-to-enhance-vehicle-provenance-checks – image(s) extracted from article

Cap hpi links with Temcover to help dealers speed up car sales

Tempcover and cap hpi have teamed up to help dealers close more sales. The short-term insurance provider offers cover from one hour to 28 days to help dealers improve post-purchase service to buyers. Flexible driveaway insurance allows buyers to drive their new purchase and have time to shop around for the best insurance deal on their new vehicle. It helps dealers close the sale and have the customer take the car within minutes. Nick Brunton, director of partnerships at Tempcover, said: “We’ve developed an insurance product with dealers in mind. Tempcover helps to close more sales and improves the purchase experience for buyers. We feel that every dealer would benefit from Tempcover thanks to the flexibility it adds to every buying journey.” Tempcover has partnered with cap hpi to reach dealers across the UK and explain the benefits of the insurance product. A streamlined process enables customers to generate a quote in under two minutes without dealer intervention. Documents are emailed immediately to insure customers. The insurance company is running TV and radio adverts to build brand awareness with consumers. Tempcover is authorised by the FCA and was the first InsurTech to launch a driveaway insurance product. Jon Dennis, UK sales director at cap hpi, said: “The driveaway protection that we offer with Tempcover will speed up the car-buying process for our dealers’ customers. “Buyers can make sure they can drive a car on the same day. It also gives them time to consider the advantages and disadvantages of their long-term insurance options, which is another fantastic selling point.” *Article published: https://www.motortrader.com/motor-trader-news/automotive-news/cap-hpi-links-temcover-help-dealers-speed-car-sales-19-07-2024 – image(s) extracted from article

Craig Bridgman appointed to cap hpi’s valuations team

Craig Bridgman has been appointed as a senior editor on the valuations team at cap hpi, an automotive data business. In his new role, Bridgman will collaborate closely with the valuations team to expand the company’s extensive reach within the automotive sector. He will report to Derren Martin, Director of Valuations at cap hpi. Bridgman brings 25 years of experience in the automotive industry, specialising in sales, leasing, data analysis, research, and market insight. Before his appointment, Bridgman served as a principal consultant at cap hpi for two years. His previous roles include auction sales manager at Motability Operations, where he managed the remarketing of ex-contract lease vehicles and oversaw used vehicle inspections and valuations for 14 years. Bridgman also worked with manufacturers such as Saab and Vauxhall. Commenting on his appointment, Bridgman said, “This is a great opportunity, and I’m excited to be joining the most reputable valuations team in the industry. With leading-edge technology at its disposal, cap hpi’s data and insight are respected across the entire automotive sector.” cap hpi supports the automotive ecosystem, including OEMs, dealers, fleets, and the remarketing sector, and provides consumers with HPI vehicle checks and valuation products. Derren Martin, director of valuations at Cap HPI, said: “We are continually looking at new ways to enhance the data and technology we provide to the industry, balancing innovation with the recruitment and retention of industry-leading professionals who have a wealth of valuable experience” “Craig Bridgman appointed to cap hpi’s valuations team” was originally created and published by Motor Finance Online, a GlobalData owned brand. *Article published: https://finance.yahoo.com/news/craig-bridgman-appointed-cap-hpi-141530233.html – image(s) extracted from article

Commercial Overview July 2024

May New LCV RegistrationsAccording to the latest report from the SMMT, 25,853 new LCV were registered in May. That’s 494 more than in May 2023 (+2%). Year to date, there have been 144,554 new LCVs registered; that’s an increase of 9,258 compared to the same period in 2023. CLICK HERE to read the full article