Simple search has been integrated into the Valuation Anywhere online tool allowing dealership employees to access thousands of models and derivatives without specialist vehicle product knowledge or the need for time-consuming manual searches.
Past two months have seen a perfect storm with the drop in used car prices increasing in 2017 and 2018, coupled with heavy supply and weakening, seasonally affected retail demand.
JCT 600 will use a broad range of cap hpi data including HPI Check, NMR checks and NMR investigation plus all branded used car programme data.
Experts at automotive data company cap hpi say some owners could buy an electric car, run it for 12 months and make a profit on it when sold.
Average trade prices are around 1% higher than at the same point a year ago and with prices so high, buyers are keen to purchase but are reluctant to pay more for cars, due to the pressure that this puts on retail margins.
Average downward movements were visible in January for each mainstream sector, with MPVs and SUVs the worst affected. SUV values edged down by 1% on average, due to supply slightly outweighing demand.
Data from cap hpi looked at five of the best selling EV models in the UK and discovered that monthly lease costs fell on average by 9.5%.
Despite a drop during the final month, demand and prices held firm through the year, and many franchised dealers joined independents and car supermarkets in increasing their activity in the used arena. The trend looks set to continue into 2019.
While used car demand dropped away slightly in November - a normal occurrence for the time of year. - it's clear that the drop off is not as acute as it has been in previous years at this time.
DECLINING new car sales appear to be offset by a rising used car market where values are holding strong - the average drop across all sectors in October was just 0.6%. That figures marks the strongest October cap hpi has recorded, including 2009, when recovery from recession was underway. Over the past five years, the average movement in Black Book [...]
