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26/06/2015

Black Book Editorial July 2015

New Car Sales New car registrations in May 2015 saw the 39th consecutive month of growth, according to figures produced by the SMMT. However, the increase can best be described as modest, up 2.4% on the same month last year, with 198,706 cars registered this May versus 194,032 last. Year-to-date registrations have reached 1,119,072, up 5.7% on the same period in 2014. It would appear that the new...

15/06/2015

An upbeat used car market, but is more pressure just round the corner?

The month of June has so far proved to be a fairly buoyant one in the used car market. Consumers are still buying and in general forecourts are busy.

27/05/2015

Black Book Editorial June 2015

As reported by the SMMT, new car registrations continued to increase in April, recording the 38th consecutive month of growth...

15/05/2015

Is it time the hammer came down on lower prices?

Vendors are increasingly accepting less than they may have hoped for in order to move older cars on...

28/04/2015

Black Book Editorial May 2015

New Car Sales As reported by the SMMT, March 2015 recorded the 37 th consecutive month of registration growth and the highest monthly volume this century, with 492,774 cars registered, an increase of 6.0% compared to the same month last year. Year-to-date the picture is similar, with 734,588 cars registered, an increase of 6.8% on the same period in 2014. Much of this year-on-year growth has been...

15/04/2015

Volumes increasing, what does this mean for used car prices?

Volumes increasing. Used car prices under pressure. No let-up in sight. Convertible prices are levelling out. Due to the extended break over Easter, April has hardly got going and we are already at the middle of the month. What’s clear is the downward direction of most used car values. From our analysis levels of stock in the market have been steadily increasing since the middle of February...

24/03/2015

Black Book Editorial April 2015

April is always a pivotal month for used car prices and the situation at the end of March does feel like a watershed.

16/03/2015

An upbeat used car market: When will the tipping point be?

As we hit mid-March we appear to be at one of those “watershed” moments for the used car market.

03/03/2015

Converging supply factors point the way to a post-Easter used car market slowdown

Pressure on used car trade values could ramp up significantly around Easter, with more volume entering the market as buyer demand reduces. That’s the message from CAP Black Book Live , the independent real-time used car pricing tool relied on by automotive professionals across the UK. An Easter holiday used car market slowdown is nothing new, say CAP’s valuation experts. It’s also a time of...

27/02/2015

Black Book Editorial March 2015

New Car Sales As reported by the SMMT, new car registrations grew for the 35th consecutive month in January, with 164,856 registrations posted versus 154,562 in the same month last year. This represented an increase of 6.7% and the strongest start to a year since 2007. This growth was mainly due to Fleet and Business registrations which increased by 16.9%, whereas Retail was actually down by 5.3...

Derren Martin