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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”:mailto: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%):

CAPIDDescriptionApproximate ChangeReason
81739Ford Ecosport Diesel Hatchback 1.5 EcoBlue 125 ST-Line 5dr AWD 18.7512.18%Service Data Changes
82645Ford Ecosport Diesel Hatchback 1.5 EcoBlue 125 Titanium [Lux Pack] 5dr AWD 18.7512.18%Service Data Changes
81737Ford Ecosport Diesel Hatchback 1.5 EcoBlue 125 Titanium 5dr AWD 18.7512.18%Service Data Changes
89309Mercedes CLA Class AMG 306 Coupe CLA 35 4Matic 4dr Tip Auto 20-18.26%Service interval change
89310Mercedes CLA Class AMG 306 Coupe CLA 35 Premium 4Matic 4dr Tip Auto 20-18.26%Service interval change
89311Mercedes CLA Class AMG 306 Coupe CLA 35 Premium Plus 4Matic 4dr Tip Auto 20-18.26%Service interval change
90327Mercedes CLA Class AMG 306 Shooting Brake CLA 35 4Matic 5dr Tip Auto 20-18.26%Service interval change
90328Mercedes CLA Class AMG 306 Shooting Brake CLA 35 Premium 4Matic 5dr Tip Auto 20-18.26%Service interval change
90329Mercedes 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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