NEWS

USED prices were firmer between September and November than the previous three months, says CAP. The CAP used car price index shows that due to a reduction in the number of used cars available overall at the three year old mark, prices are relatively stable in most cases. This low volume of available stock is helping [...]

BENCHMARK used car values from Black Book are now available at the at the tip of your figures and on the move. Compatible with iPhone, iTouch, iPad and Google Android smartphones, Black Book Mobile offers instant access to the industry’s benchmark trade values anywhere, without the need for internet access. Offering all of the benefits [...]

CAP has released its latest video which gives an update on the condition of the used car market in October. It’s the fourth video from the firm which outlines the state of the UK’s used car market. In the video, CAP Black Book’s editor, Tim Bearder, says: ’The October Black Book was one of the hardest to [...]

CAP has released its latest video which gives an update on the condition of the used car market in September. in the form of a video. It’s the third video from the firm which outlines the state of the UK’s used car market. In the video, CAP Black Book’s editor, Tim Bearder, says: ’This month, one of [...]

DEFINITIVE vehicle condition criteria for accurate used car valuation benchmarking have been released by CAP. It means an end to uncertainty over what qualifies as a ‘CAP Clean’ vehicle and meets the used car industry’s demand for an intelligent, transparent and clearly understandable independent benchmark in an increasingly volatile market. The publication of a clear [...]

CAP has given an update report on the condition of the used car market in June in the form of a video. It’s the second video from the firm which outlines the state of the UK’s used car market – their first video reported on April’s market. In the video, CAP Black Book’s editor, Tim Bearder, [...]

ADVANCES in engine technology are helping motorists weather the storm of spiralling fuel prices, according to CAP. Analysis by the car prices firm  reveals how smaller petrol engines in particular offer more miles per gallon, stronger performance and less pollution than ever before. Since 2003 the average engine size in a small family car has [...]

A NEW valuation tool offering real time short-term used car trade price forecasts has been launched by CAP. Called Black Book+, the valuation tool reveals short term used car pricing risk by providing a one – three month forecast to assist traders buying or selling used cars. CAP says dealers using Black Book+ will be reducing [...]

DERIVATIVE uplifts are a more cost-effective way of enjoying higher specs than loading a car with options. That’s the view of CAP, who says that optional extras typically retain no more than around 20 per cent of their cost new, while a derivative uplift can retain around 90 per cent of the original additional expenditure. [...]

TWO thirds of manufacturers increased their new car list prices additionally to the VAT increase CAP has revealed. The car pricing experts discovered that two out of three manufacturers increased basic list prices by more than the additional VAT figure in January, raising average prices by £142.74. CAP new vehicle data manager, David Saville, said: [...]

SUPPLY constraints will push up trade values in early 2011 according the January edition of Black Book. The January edition of Black Book reports that December’s exceptionally high auction conversion rates – the month saw rates tipping 90 per cent; a normal average would be 50 per cent – were fuelled by an appetite for [...]

THREE new vehicles can now enter London’s congestion charge zone free of charge it has been announced today. With CO2 emissions of just 99g/km, Citroën’s DS3 DStyle 99g and C3 Airdream+ already qualify for free VED, and are now eligible for the new greener vehicle 100 per cent discount (GVD) – potentially saving London drivers [...]

HIGH quality used cars will command stronger prices early in the New Year as availability of stock dwindles says CAP. The used car pricing expert believes that dealers will have to pay more for well-maintained vehicles in order to keep their forecourts looking fresh. The news comes as figures from the CAP used car price index reveal [...]

CAP and Dealerweb have announced two new and influential appointments within the motor industry. CAP has promoted Ian Rendle (pictured) to the position of General Manager – in a move that ‘reflects CAP’s constant drive for improvement’. Rendle has been described by CAP as a ‘specialist in customer relationship management’, and since he joined the [...]

BCA has revealed its September auction results which confirm car auction rival Manheim’s earlier findings. Used car values, said BCA, rose in September across the board – with significant rises in the fleet and lease sector. Part-exchange and nearly-new values also rose; conversion rates also jumped up by 4.5 percent. The overall rise isn’t huge [...]

USED car prices suffered an accelerated fall last month leaving them lower than a year ago for the first time. Two more individual sectors now feature cars that are cheaper today than they were last year. This means the average used car price is below 2009, too – by a pretty steep 3 percent. It [...]

CAP has appointed Chris Crow as chief editor to help improve processes and roll out new and improved products. He boasts 16 years’ experience in the contract hire and leasing industry. This, says CAP, will help him communicate better with one of its chief customers. During this time, he’s been a CAP user himself, and [...]

AUCTION4CARS says CAP has not gone far enough in reducing used car values following its latest move. Group disposal manager says used car values have fallen for the second month in succession – and is frustrated the Black Book is lagging. Stats from Auctio4Cars auctions show values have fallen 8 percent since January. However, the [...]

VALUES of used cars have fallen by 4 percent in recent weeks as secondhand market trading conditions drop. CAP says the downturn is due to a tail-off in retail demand and a fall in quality of cars coming onto the market. There are also now more nearly-new cars coming to market, which is having a [...]

FORD has scooped two CAP used car of the decade prizes with the Focus and Ka both triumphing. The Ford Ka has been voted small car of the decade by CAP, while the Ford Focus has claimed the overall used car of the decade prize. It was a unanimous vote for the Focus too, says [...]