Eduardo Valencia, Author at cap hpi | Page 22 of 67
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Author: Eduardo Valencia

Motorcycle Overview February 2024

The UK’s economy grew by 0.3% in November helped along by Black Friday retail sales, after a small shrinkage in the previous month. But as there has been little growth over the year, economists are still saying it will be a close call as to whether the UK avoids a downturn. CLICK HERE to read the full article

Motorcycle Futures Overiew February 2024

The UK’s economy grew by 0.3% in November helped along by Black Friday retail sales, after a small shrinkage in the previous month, but as there has been little growth over the year. Economists are saying its a close call as to whether the UK avoids a downturn. CLICK HERE to read the full article

Car Market Overview February 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 December 2023 and used car activity at the time of writing. All information is correct as of 26th January 2024. CLICK HERE to read the full article

Future Car Market Overview – SMR February 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

Are you knocking £2,000 off car’s value because of bad habit behind the wheel?

It’s nothing to do with the way you drive Car dealers won’t pay the full price of a vehicle if it’s been damaged by the habit. DRIVERS are shocked to discover that a bad habit behind the wheel could be slashing their cars value. And the costly blunder – which can knock £2,000 of the total value of your car – has nothing to do with the way you drive. Heavy smokers could loose thousands of pounds when they decide its time to sell their motor. Car dealerships are reluctant to pay the full market value for a second hand vehicle with an ashy stench. Cap HPI – a car valuation expert – has warned smokers that they risk “easily losing up to £2,000” when they trade in a vehicle. This is based on a car that would have an estimated value of £15,000 to £20,000 if owned by a non-smoker. The director of valuations at Cap HPI, Derren Martin, said: “Smoking inside a car is very bad news as far as vehicle resale health is concerned. “The first thing a car dealer will do when looking at a car being sold by a smoker is to knock down the price of the part exchange. “That’s simply down to the fact that a car for part-ex has to be made fit for resale, and this becomes considerably more difficult and expensive when that car was previously driven by a smoker.” The two main impacts smoking has on a vehicle are physical damage to the interior and smell. Cap HPI says the smell decreasing the value is something many smokers are often unaware of. Derren says dealers have told cap hpi that they will refuse to buy cars from smokers because of the time and expense of removing odours and marks. “In the majority of cases, there is often no obvious damage, however, the smell of smoke is a major problem for motor dealers,” he explained. “Smoke becomes ingrained in the fabric of the car and climate control system, requiring a professional valet and specialist tools to clean the air conditioning. “Many of the tobacco smoke pollutants from cigarettes attach to surfaces and build up in the internal systems from where they can be released back into the air over days and weeks after smoking,” he added. Smoking can make cars have an unpleasant smell which leads to car dealerships not paying the market value for the vehicle *Article published: https://www.thesun.co.uk/motors/25414638/car-bad-habit-behind-wheel/ – image(s) extracted from article

Commercial Overview January 2024

With the Christmas Holidays becoming a rapidly fading memory and, as we all look forward to a better year ahead, it’s perhaps a good time to look back at the how the new LCV sector performed in 2023 since this is likely to have a bearing on how the used LCV wholesale market will perform in the foreseeable future. CLICK HERE to read the full article