NEWS

HPI has signed a new partnership with car finance provider Duncton it has been announced. The vehicle information expert will deliver vehicle information to help with the assessment of finance applications. HPI’s bespoke solution provides vehicle information at the point of application, to eliminate data capture errors and ensure the right car is being financed. [...]

DEALERS are being warned by HPI after it has been revealed that UK roads have more than 600,000 clocked cars on them. Figures released by the BBC reveal that more than 600,000 cars on Britain’s roads have been clocked – showing lower mileages and therefore increasing the car’s value. This figure increases to 716,291 when [...]

USED car buyers are being warned about the potential number of category B write-offs on the market. HPI have made the call after they found that the number of category B insurance write-offs being dangerously repaired and returned to the market is rising. Category B write-offs should be crushed or broken down for spares and not [...]

HPI has supported an FLA and ACPOS initiative to get back cars snared after being illegally driven without insurance. The Finance & Leasing Association will now work with Police forces in Scotland to retrieve vehicles impounded by the Police when the driver is caught for insurance evasion. Any vehicle seized by police will have a [...]

CAR dealers can easily comply with new ‘Best Practice Principals’ on green cars thanks to HPI. Every HPI Check comes with a free CO2 Certificate for that car – which complies with the new Best Practice Principals on marketing eco motors. The initiative by the Low Carbon Vehicle Partnership, the SMMT and the Incorporated Society [...]

USED car sales need tighter regulations to help protect customers against unscrupulous car dealers. Warranty Direct has made the call, after OFT stats showed secondhand car complaints had risen 18 percent in the first half of 2010. It’s costing motorists an average of £425 per car, reckons Warranty Direct MD Duncan McClure Fisher. This is [...]

HPI is giving students a boost by offering a 25% discount on an HPI Check until the end of October. This is to give a helping hand to a group who would be particularly badly affected by a dodgy car… … and who, due to their budgets, stand a bigger chance of ending up with [...]

HPI Finance Gateway says a doubling of its sales team means every dealer now has a dedicated account manager. Overseeing the fast-growing team is Michelle Morgan who is the team’s support manager. ‘The HPI Finance Gateway team is at the heart of the success of this product and we continue to invest in the expertise [...]

HPI has developed a new short term insurance product to help dealers cover motors on loan to customers. The Readycover product is a flexible and short term insurance product specifically for car dealers. It means they don’t have to risk their insurance premiums by covering customer loan cars under their existing Motor Trade policy. Readycover [...]

CAR dealers are being urged to clamp down on bad practice following an investigation by BBC’s Watchdog show. HPI teamed up with the ‘Rogue Trader’ investigators to highlight the risk of car clocking. It helped show up fraudsters who were making thousands of pounds per car sale – on national TV. Which is why HPI [...]

CAR dealers are missing out on a large chunk of additional revenue from buyers not using in house financial services. What’s more, adds the FLA, demand for car dealer finance is actually slipping: 19 percent fewer cars were sold on dealer finance than January 2009. No surprise, says HPI: a survey revealed that 56 percent [...]

HPI says its Finance Gateway team are the latest high-flyers to gain SAF approved status from the FLA. The team has been granted the kitemark after completing online assessments. This will further bolster the free service which gives car dealers direct access to competitive finance rates from leading providers. HPI says it’s a continuation of [...]

HPI is updating its unique used car CO2 Certificate in line with the Low Carbon Vehicle Partnership. The label is given as part of the HPI Check for free – and now incorporates new recommendations from the LowCVP. This includes displaying an estimated fuel cost over 12,000 miles, plus VED banding relating to CO2 emissions [...]

HPI reports its canny CrushWatch scheme has saved THREE big money supercars from being destroyed! The service spots and reclaims cars seized by the Police because of tax or insurance evasion. 1 in 8 of these cars also has outstanding finance against it – and it’s here where CrushWatch kicks in. It works alongside the [...]

HPI reports it is helping out troubled car dealers abandoned by automotive finance companies. The firm reveals its pledge as smaller car dealers report growing problems in sourcing finance. ‘A large number of dealers have been left out on a limb as a result of decisions by finance companies to pull out of the market,’ [...]

LOTUS won 1800 quality leads by using HPI Prospect Leads for the launch of its Porsche Cayman rivaling Evora. Interest came from both die-hard Lotus fans and drivers of that Cayman, amongst others. Lotus recruited HPI at the launch of the Evora, from which, the firm established 2000 potential customers from its Prospect Leads system. [...]

PRINCE’S Trust beneficiaries have been boosted by a 6-month campaign by two industry big-hitters. HPI and Marshall Motor Group have been donating 50p for every Driveaway policy signed up. The total has just broken the £100,000 mark! Grateful recipient of the cash is the Prince’s Trust Business Programme, which provides loans to youngsters just starting [...]

4x4s and compact execs are top of the list of most-stolen car type according to recent analysis from HPI. These two categories alone form 25 percent of all the stolen cars recorded. ‘Roadsters and small family cars follow close behind, both at 8 percent,’ said HPI’s Nicola Johnson – ‘suggesting it’s not just the prestige [...]

HPI Valuations is warning car dealers to buy posh SUVs now before prices used prices start to rise. The under-fire sector is finally showing signs of recovery and prices are expected to go up. It is all thanks to newer greener models such as the BMW X6 and latest versions of the Land Rover Discovery [...]

DEALERS are missing out on loads of hot scrappage leads, claims automotive service provider HPI. The company has a bank of leads that could potentially lead to sales under the scrappage scheme – but confusion means they’re not being snapped up. HPI automotive director Daniel Burgess has told Car Dealer that dealers have been slow [...]