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Future Car Market Overview – SMR February 2020

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.

Any customer suggestions for improvement would be appreciated: please e-mail  andrew.mee@cap-hpi.com


Following our acquisition of Derwent Management Services in 2014, cap hpi Ludlow (Derwent) data has been used to populate our SMR budget forecast product since October 2014, but there have been no technical changes to any of our data files or services. 


As we expected, the new data represented a considerable improvement in terms of vehicle coverage compared to our previous external supplier, with more than 4,200 additional cars and LCVs being valued at implementation. Overall Car coverage is 100%, with many of the vehicles valued in gold book for the first time also included in the SMR data.


The new budgets are based on our market leading Burn Rate data and incorporate the latest probability distributions for all elements, based on real world costs. In our opinion, it reflects a much more realistic representation of the likely future SMR expenditure than we were able to display in the past.


For any further detailed questions, please e-mail smr@cap-hpi.com and we will respond as a matter of urgency.



New Ranges

Vehicles from the following ranges have been included in SMR product for the first time in this month’s publication of SMR budget forecasts:





























































































Range



ASTON MARTIN DBX ESTATE 2020



AUDI A5 CABRIOLET 2020



AUDI A5 CABRIOLET SPECIAL EDITIONS 2020



AUDI A5 COUPE 2020



AUDI A5 COUPE SPECIAL EDITIONS 2020



AUDI A5 DIESEL CABRIOLET 2020



AUDI A5 DIESEL COUPE 2020



AUDI A5 DIESEL SPORTBACK 2020



AUDI A5 SPORTBACK 2020



AUDI A5 SPORTBACK SPECIAL EDITIONS 2020



AUDI E-TRON SPORTBACK 2020



AUDI E-TRON SPORTBACK SPECIAL EDITIONS 2020



AUDI RS 5 COUPE 2020



AUDI RS 5 SPORTBACK 2020



HYUNDAI I10 HATCHBACK 2020



HYUNDAI KONA ELECTRIC HATCHBACK SPECIAL EDITIONS 2020



JAGUAR F-TYPE CONVERTIBLE 2020



JAGUAR F-TYPE CONVERTIBLE SPECIAL EDITIONS 2020



JAGUAR F-TYPE COUPE 2020



JAGUAR F-TYPE COUPE SPECIAL EDITIONS 2020



KIA E-NIRO ELECTRIC ESTATE 2020



LAND ROVER RANGE ROVER VELAR ESTATE SPECIAL EDITIONS 2020



MERCEDES-BENZ GLE AMG COUPE 2020



MERCEDES-BENZ GLE DIESEL COUPE 2020



MITSUBISHI MIRAGE HATCHBACK 2020



MITSUBISHI MIRAGE HATCHBACK SPECIAL EDITIONS 2020



NISSAN X-TRAIL STATION WAGON SPECIAL EDITIONS 2020



POLESTAR POLESTAR 2 FASTBACK SPECIAL EDITION 2020



Budget Changes

 


The overall average budget change at 36/60 is -£1.62


The following models see the largest changes (more than +/- 10%):


































































CAPID



Description



Approximate Change



Reason



81739



Ford Ecosport Diesel Hatchback 1.5 EcoBlue 125 ST-Line 5dr AWD 18.75



12.18%



Service Data Changes



82645



Ford Ecosport Diesel Hatchback 1.5 EcoBlue 125 Titanium [Lux Pack] 5dr AWD 18.75



12.18%



Service Data Changes



81737



Ford Ecosport Diesel Hatchback 1.5 EcoBlue 125 Titanium 5dr AWD 18.75



12.18%



Service Data Changes



89309



Mercedes CLA Class AMG 306 Coupe CLA 35 4Matic 4dr Tip Auto 20



-18.26%



Service interval change



89310



Mercedes CLA Class AMG 306 Coupe CLA 35 Premium 4Matic 4dr Tip Auto 20



-18.26%



Service interval change



89311



Mercedes CLA Class AMG 306 Coupe CLA 35 Premium Plus 4Matic 4dr Tip Auto 20



-18.26%



Service interval change



90327



Mercedes CLA Class AMG 306 Shooting Brake CLA 35 4Matic 5dr Tip Auto 20



-18.26%



Service interval change



90328



Mercedes CLA Class AMG 306 Shooting Brake CLA 35 Premium 4Matic 5dr Tip Auto 20



-18.26%



Service interval change



90329



Mercedes CLA Class AMG 306 Shooting Brake CLA 35 Premium Plus 4Matic 5dr Tip Auto 20



-18.26%



Service interval change



VAT


VAT is excluded from all calculations.


Service Intervals

All calculations are based upon the service intervals recommended by the manufacturer.


The following factors must be taken into account when setting maintenance budgets

All values are standard average discounted rate by Manufacturer. 
Data includes 2nd & 3rd year warranty only covered exclusively by the Manufacturer. 
No manufacturer goodwill payments are included in the data. 
All costs are original parts price (manufacturers/franchise dealers). 
Vehicle usage is set at medium and assumes on road use only. 
Replacement tyres are assumed to be premium brand. 
Mortality rates are average for standard use. 


Where data is unavailable then certain assumptive aspects of data will be used based on available information for existing models sharing common features. 


In cases where no data is available and there are no common equivalents then either an assumptive figure based on the best available information will be used or alternatively no data will be issued. 


The following elements are excluded from cap hpi gold book SMR

Additional warranty costs
Relief vehicles 
Accident management costs
Road fund license
Insurance costs
Costs of finance
Fuel

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