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Retail used car demand on the rise as dealer stock levels hover around 80%

WEDNESDAY FEBRUARY 13 – FOR IMMEDIATE RELEASERETAIL DEMAND for used cars is stronger than at any time since September last year, according to CAP Automotive, the car information experts. Research for CAP Black Book Live – the only independent real-time guide to used car trade values – reveals a number of increasingly positive market indicators since the start of 2013. These range from the mood and buying activity at auctions to consumer retail demand on the forecourt. But dealers are still reporting difficulty in sourcing good quality used car stock for retail following the

CAP steps out of the shadows to open the window on car trade ‘inside information’

FEBRUARY 13 2013 – FOR IMMEDIATE RELEASEA UNIQUE window onto ‘inside information’ from the motor trade has been opened up to motorists for the first time by CAP Automotive, the car information experts. It signals a move by CAP to bring good motor dealers together with better-informed motorists to build trust and ultimately smooth the car-buying process for both sides. And CAP’s expert editors – who research the car and van trade every day – have joined the world of social media as the business steps out of the shadows after 34 years of operating effectively behind the scenes in the UK

CAP strengthens its flagship pricing tool with the launch of Valuation Anywhere v2.0 with live trade prices

THURSDAY FEBRUARY 7 – FOR IMMEDIATE RELEASECAP’S FLAGSHIP vehicle pricing tool Valuation Anywhere sees version 2.0 released to customers this month as figures reveal a massive swing to online ‘real-time’ delivery of trade values. Valuation Anywhere, which is the principle delivery platform for CAP’s unique Black Book Live real-time trade values guide, has seen growth in market share of 2,077% in just 3 years. Powered by the convenience of VRM (vehicle registration mark) look-up, Valuation Anywhere with Black Book Live puts instant real-time trade values in the hands of users on

Motorists face ‘win win’ situation as manufacturers plan to push harder on new car registrations in 2013

FEBRUARY 1 2013 – FOR IMMEDIATE RELEASEMOTORISTS will be the winners in this year’s push to increase new car registrations in Britain. That’s the view of the UK’s independent car information experts, CAP Automotive. Exclusive research by CAP reveals that many franchise dealers are concerned about manufacturer pressure to register more new cars this year. But franchise dealers’ pain will be the motorist’s gain, CAP believes. Main dealers fear that, without a surge in new car retail demand, the only way to meet new car volume targets will be by price-cutting. This could start in

Used car trade was slow to gather pace in January, says CAP

JANUARY 29 – FOR IMMEDIATE RELEASEA ‘SLOWER THAN USUAL’ start to 2013 gave way to increasingly brisk trading in the used car market as January wore on, according to CAP, the car information experts. Black Book Live – the only real-time independent guide to used car trade values – only began tracking prices upward around the middle of the month, according to Senior Editor, Derren Martin. Two factors appear to have driven the eventual increase in trade appetite for cars. Number one was a growing concern among dealers that they might be caught short of stock, as it became apparent that

Dacia return could capture the motorist’s mood in ‘austerity Britain’

JANUARY 10 2013 – FOR IMMEDIATE RELEASEBUDGET CAR brand Dacia could gain a large foothold in cash-strapped austerity Britain, according to CAP, the car information experts. Experts who produce CAP Monitor, which forecasts tomorrow's used car prices for the UK motor industry, believe the time is right for “no frills” budget motoring in Britain and point to Dacia’s success in Germany and France as evidence that the brand can win motorists over. They also believe that success for Dacia could put the brakes on Chinese ambitions to target the UK car market by getting in first to meet

CAP appoints Adrian Rushmore as Operations Director

MONDAY JANUARY 7 2013 – FOR IMMEDIATE RELEASECAP AUTOMOTIVE has appointed Adrian Rushmore to the role of Operations Director as part of its drive for growth through market-leading quality. The appointment is the latest by CAP drawing experienced and respected figures from the automotive sector into key operational roles to help drive the company’s accelerated growth ambitions. These investments have followed the acquisition of CAP last year by one of Europe’s top flight investment specialists, Montagu Private Equity. Adrian Rushmore is one of the most widely recognised figures in

Ford Fiesta scoops the CAP Used Car of the Year Award 2012

DECEMBER 14 – FOR IMMEDIATE RELEASEFORD FIESTA has been named ‘Used Car of the Year 2012’ by CAP, the leading independent car information experts. Fiesta beat off stiff competition during what has been a strong year for the used car market, with CAP’s judging panel declaring it “the perfect used car choice for motorists and used car dealers”. CAP’s used car of the year award is unique in recognising the ‘real life’ qualities of a used car and the value it brings not only to its owners but to motor trade professionals who rely on strong products to make their living. This means that

CAP appoints Derren Martin to lead car valuations team

DECEMBER 12 – FOR IMMEDIATE RELEASECAP has appointed another senior motor industry figure, this time to lead its team of used car market expert editors as part of the company’s drive for unrivalled product quality and excellence. Derren Martin joins CAP from Vauxhall Motors Ltd, where he spent 17 years in senior sales and pricing functions – latterly as Vehicle Lifecycle Manager, a role which demands clear understanding of used car market pricing dynamics and trends. This is the latest in a series of top flight appointments to key positions in the business, signalling CAP’s growth

‘Business as usual’ for now – but used car market change is on the way, says CAP

NOVEMBER 28 – FOR IMMEDIATE RELEASERESEARCH for CAP Black Book Live, the only independent guide to real-time prices in the used car market, reveals it’s ‘business as usual’ for trade values as the year draws to a close. But experts at CAP Automotive are now warning that market stability during the first half of 2013 will almost certainly be undermined by the on-going level of pre-registration activity as manufacturers continue to drive new car volume in the UK market. Reporting on market conditions at the end of November, Black Book Live notes that the weekly fluctuations in trade

Motoring tax trap closes in on Government – but will the Chancellor act?

NOVEMBER 27 2012 – FOR IMMEDIATE RELEASEA TAX TRAP is closing in on the Government as the efficiency of today’s new cars threatens to starve the Treasury of revenue, according to CAP Automotive - the car information experts. Exclusive analysis by CAP reveals that today’s most popular cars would have delivered 18% less fuel duty and VAT and a massive 58% less in VED revenues over the past 3 years than the equivalent models that were registered in 2009. It means the Treasury is falling into a tax trap and motorists should pay careful attention to the Chancellor’s Autumn Statement on

CAP Monitor hails Skoda Rapid as a clever move ‘back-to-the-future’

NOVEMBER 19 2012 – FOR IMMEDIATE RELEASESKODA’S bid for a slice of the traditional mid-size family car segment, by launching the new Rapid, has been applauded by CAP, the independent experts on current and future car values. According to CAP the launch of the Rapid also represents a clever tactical move by Skoda to exploit a growing appetite for basic, well-engineered value for money cars which will appeal to families and company car drivers alike. CAP believes Skoda has stolen a march on its European rivals by looking away from the small/medium people carrier style and focusing

BMW’s roll-out of DAB radio as standard will prompt all carmakers to follow, says CAP

THURSDAY NOVEMBER 15 – FOR IMMEDIATE RELEASEALL CARMAKERS will follow BMW’s lead as the first major manufacturer to roll-out DAB radio as standard across all models, according to CAP, the car information experts. BMW said this week that DAB would become standard across it’s entire model range from January 2013. Analysis by CAP reveals relatively slow penetration of DAB (digital audio broadcasting) radios across the car market over the past two years. But CAP experts believe BMW’s move is a shot in the arm for DAB take-up in the UK which will lead the market to full adoption over the

Black Book Live reveals dynamics behind market slowdown

NOVEMBER 14 2012 – FOR IMMEDIATE RELEASEBlack Book Live mid-month market update - November 2012 · Dealer caution returns · Used car stock desirability reduces · Prices remain stronger than last year · Consumer demand remains consistent RESEARCH by car price experts CAP has revealed weakening used car trade values during November as supply increases and dealers become more cautious. The trend is uncovered by Black Book Live, which gives a unique perspective on used car price dynamics as the only independent real-time used valuations guide in the market. CAP’s ‘Black

Car Finance Renewals partners with CAP to launch unique lead generation system

TUESDAY OCTOBER 16 – FOR IMMEDIATE RELEASEA UNIQUE car sales and finance lead generation system for dealers, powered by CAP data, has been launched by Car Finance Renewals Ltd. The company promises perfectly timed leads, based on the optimal moment for dealers to contact customers with offers to renew their car and finance while maintaining unchanged monthly repayments. The system has been built as a web-based CRM tool and Car Finance Renewals Ltd chose CAP as its partner for future residual values, current used values, vehicle data and images. Tim Wellman, MD of Car Finance

Appointment of Marketing Director signals acceleration in CAP’s growth ambitions

MONDAY OCTOBER 15 – FOR IMMEDIATE RELEASELEADING vehicle valuations, technical data and business services provider CAP has appointed Matt Thompson as Marketing Director to help spearhead its drive for accelerated growth. Thompson is the latest in a series of key appointments signalling CAP’s growth ambitions, since the business was acquired in May by one of Europe’s top flight investment specialists, Montagu Private Equity. With 25 years’ experience in the automotive sector, Matt Thompson joins CAP from Trader Media Group, publisher of Auto Trader. There, as Group Marketing Director,

Time to bring pre-registrations ‘out from the cold’, says CAP

August 29 2012 – FOR IMMEDIATE RELEASEPRE-REGISTRATIONS are a lifeline for hard-pressed dealers as well as a benefit for consumers and it is time to bring them out from the cold, according to Philip Nothard of CAP – the used car pricing experts. Nothard’s call for transparency over pre-registrations follows an investigation at CAP that suggests up to 1 in every 3 recently reported new car sales has typically been registered by dealers themselves. His research revealed the financial significance of the practice to many large dealer groups in particular, to whom vehicle manufacturers

'13' plate spells bad luck for the superstitious motorist’s wallet – and leaves the experts wondering

July 30 – FOR IMMEDIATE RELEASESUPERSTITIOUS motorists will have to live with the dreaded ’13’ on their number plate if they want a new car next March – or pay for a personal registration to replace it according to CAP, the used car pricing experts. Despite rumours that drivers could choose to retain the ‘62’ plate after March 1 the DVLA has confirmed to CAP that every new vehicle will automatically carry a ‘13’ plate. The only escape is to choose a private plate at a cost of at least £250, says CAP’s Martin Ward. The issue also raises questions about reluctance among superstitious

How choosing the right colour car can help keep motorists out of the red

JUNE 29 2012 – FOR IMMEDIATE RELEASEWHITE cars hold their value best, while greens and maroons are the kiss of death in terms of depreciation according to CAP, the used car pricing experts. In a study comparing secondhand values to new prices, CAP found that white cars typically hold around 5% more of their value than the market average for a typical used car. The trend marks a complete turnaround from the days when dealers used the name ’60 day white’ to reflect the tendency of white cars to outstay their welcome on the forecourt. But blue cars still languish below market average

“Stratospheric” rise in small car list prices challenges motorists and dealers alike, says CAP

MAY 2012 – FOR IMMEDIATE RELEASERELENTLESSLY RISING new small car list prices are taking a toll on the pockets of motorists and dealers alike, according to CAP – the car pricing experts. Since April 2009 average list prices in the most popular sector for private car buyers - the ‘Supermini’ type – rose 41% from £11,874 to £16,582 in April this year. Although this figure has been inflated by the introduction of some more luxurious and expensive Supermini offerings from the likes of Audi, the underlying theme is still one of big price rises. This means the average headline cost to

CAP probes link between the great British weather and used car values

MAY 2012 – FOR IMMEDIATE RELEASEDOES THE WEATHER affect the value of your car? According to Chris Crow, Chief Editor at car pricing experts CAP, the answer may be ‘yes’. Crow’s analysis of used car values suggests that the better the weather, the higher prices are in the used car trade market. Writing in leading trade journal AM magazine, Crow reports that it is not only convertibles that shine when the sun is out – the rest of the market does too. Crow analysed used car values for two years in which the economic circumstances were similar but which saw very different total hours

Rise in supply takes the edge off used car prices, says CAP

MAY 2012 - FOR IMMEDIATE RELEASEINCREASED supply of used cars has taken the edge off used car prices in the trade, according to CAP. It means some of the pressure has eased for dealers who were frustrated over the level of competition for trade stock forcing prices up during the early part of the year. At the heart of the change in market conditions has been the influx of part-exchange cars into franchise dealers due to the March plate change. With those dealers now focused on retailing their part-exchanges, competition to acquire stock in the open market has reduced and this has led

CAP launches Black Book Live - real time access to dynamic used car trade values

MAY 1 2012 – FOR IMMEDIATE RELEASECAP HAS LAUNCHED Black Book Live, the first fully researched independent used car valuation system to publish trade price changes as soon as they are identified. Black Book Live solves the problem of uncertainty around changes in vehicle values between the publication dates of a ‘traditional’ monthly price guide. CAP believes this will enable Black Book Live users to be more confident in their trading decisions on a day to day basis and remove the ‘wait and see’ caution that can emerge several days before publication of a monthly guide. It will

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