NEWS

CAP Black Book Live

CAR valuation experts CAP will launch a real time used car trade valuation system called ’Black Book Live’ in May. The new system, which values trade vehicles in real time, will not replace the monthly Black Book guide. Instead, the Black Book guide will continue to be published in all its current formats. For users, the major difference [...]

	HPI partners with CAP
VEHICLE information expert, HPI, has joined forces with CAP Black Book to launch HPI Black Book+. It’s a unique valuations service which provides dealers with a 12 month historical picture of a vehicle’s valuation and a three month forecast. By providing 15 months of valuations intelligence, dealers gain a better understanding of residual values in [...]

	Dealers are squeezed
RISING used car trade values will increase the squeeze on dealer profitability in February and beyond, says CAP Black Book. Healthy dealer margins will be threatened by an anticipated reduction in stock availability, increasingly forcing them to buy cars requiring more investment in refurbishing to retail standard. Despite slow retail sales, due to low consumer [...]

	2012: A slow start
CAP has released its latest video which gives an update on the condition of the used car market in January. It’s another video from the firm which outlines the state of the UK’s used car market. In the video, CAP Black Book’s editor, Mark Bulmer, says: ‘Normally we expect January to begin with a real [...]

	CAP warns of Euro 5 costs
NEW emissions rules could spell unforeseen costs for operators – sparking caution and lower residual values in the used market. That is the warning from John Watts, of used van pricing experts, CAP. Compliance with the new Euro 5 emissions legislation relies partly on the use of diesel particulate filters and this poses particular problems [...]

		Call for CAP to cut values
		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 [...]
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		Values down for used
		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 [...]
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		Ford wins used honours
		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 [...]
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		CAP ‘detrimental’
		CAP has been accused of having a ‘detrimental effect’ on used car prices in the UK by a big auction house. Auction4Cars says CAP is setting valuations far too high. Latest data from the auction house shows values fell by 4 percent in April. This is the first drop since January. CAP values, it argues, [...]
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		Used car prices stable
		CAP Black Book reports another month of used car price stability for April as supply and demand continue in balance. This is because the new car sector remains fragile, which is ensuring there is no risk of used market oversupply. Short-cycle business in particular is ‘dramatically’ down say the used car experts. This stability is [...]
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		EV RVs impossible
		CAP has declared it currently impossible to give an accurate estimate of electric car used values. Uncertainty over their performance means there are just too many unanswered questions to make a judgment. This is why, despite the UK electric cars such as the Nissan LEAF being imminent, dealers are unable to tell customers what they [...]
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		CAP crowns crackers
		CAP has ranked the UK’s top used market stars of the past 10 years – with Ford topping the overall list. The Ford Focus is CAP’s official Used Car of the Decade. Judges included many used market experts. They voted unanimously to give the overall prize to the Ford Focus, thanks to it setting ‘new [...]
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		Used cars clear as mud
		USED car prices are up, and down. Supply is varying, as is demand. The picture, summarises BCA, is ‘mixed’. Indeed, the situation changed week by week as September progressed. ‘Headline numbers do not tell the whole story,’ said BCA director Tony Gannon. In summary, they showed the average market value was slightly down, due to [...]
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		House price car trend?
		USED car prices may be mirroring current house price trends, by once again beginning to rise. As with the housing market, the root cause of this is identical – lack of supply, coupled with rising demand. Online retailer carsite.co.uk reckons some three year old cars have risen in value by 10 percent since spring alone. [...]
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		Used predictions wrong
		UNPRECEDENTED demand for used cars is shattering CAP predictions that prices would stabilise in the summer. The latest edition of the price guide shows further increases in used car prices. This is creating big headaches for car dealers, reckons CAP, who remain desperate for stock – despite a slight decline in retail demand. As there [...]
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		Used prices’ record rise
		USED car prices are rocketing at a rate double that of FALLS normally seen at this time of year! CAP says April generally sees a fall of 2 percent in trade values. However, in 2009, values have INCREASED – by a staggering 5 percent. What’s more, for 3 year old cars, the average increase is [...]
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