Cap Extra User | cap hpi

Derren Martin

Position: Black Book Senior Editor

Number: 07436 817 383

"Derren manages the valuation process for current used car values at CAP, which includes managing a team of 7 Black Book Editors who analyse around 120,000 individual sold trade records each month from a wide variety of industry sources. Derren & the team also engage in market insight discussions with various auctions, leasing and rental and remarketing companies and vehicle manufacturers throughout the month.

16/09/2014

Is this the calm before the storm for used values?

At the time of writing the market is performing well; prices at auction are holding up as buyers are still actively seeking stock. As a result average conversion rates remain around 70%. As always the Black Book Editorial team have been keeping their ears close to the ground and as we arrive at the middle of the month, latest reports are that one of the UKs largest auction halls, BCA Blackbushe,...

27/08/2014

Black Book Editorial September 2014

According to the figures produced by the SMMT, 172,907 cars were registered in July 2014, an increase of 6.6% on last year’s 162,228, and the 29th consecutive month of growth. Year-to date volumes are up 10.1%, from 1,325,851 to 1,460,172. Private Registrations were at 700,910 year-to-date (versus 628,971 last year) representing an increase of 7.3% and 44.4% of the overall share. Increases...

24/07/2014

Black Book Editorial August 2014

Growth in new car sales continues, with June 2014 recording 228,291 registrations, according to the SMMT, compared to 214,957 in June 2013, an increase of 6.2%. For the first 6 months of the year the figure was 1,287,265, the highest half-yearly total since 2005, representing an increase of 10.6% on the same period last year. The SMMT forecast the market to be on track to achieve 2.4m...

15/07/2014

High car volumes continue in the auction arenas

July 2014 has continued to see high volumes of cars in the auction arena. By this time in July, one would reasonably expect numbers to be decreasing as de-fleets are traditionally at a relatively low point for the year. However, that trend is not currently being seen with volumes fairly stable since early June, but some way higher than they were at this time last year. The main reason for this...

26/06/2014

Black Book Editorial July 2014

As reported by the SMMT, new car registrations in May 2014 were up 7.7% compared to the same month last year (194,132 versus 180,111). This was the 27th consecutive month of increases, making it the longest ever period of registration growth, breaking a record set in 1989. Year to date, the growth sits at 11.6% year-on-year, with 1,058,974 cars registered compared to 948,666 at the end of May...

16/06/2014

June 2014 mid monthly movements

June 2014 has to date proved to be an interesting month in the used car sector. Volumes in the market, particularly in the auction halls, remain high, as they have been since mid-April. However, there has not been a huge overall impact on values as demand is still steady. The month started off under some pressure but as we have progressed, what has generally been seen is a stabilisation of...

27/05/2014

Black Book Editorial June 2014

According to the latest figures reported by the SMMT, new car registrations rose by 8.2% in April, with 176,820 cars registered, compared to 163,357 in April 2013, making this the 26th consecutive month of growth. Year to date the increase sits at 12.5%, with 864,942 cars registered compared to 768,555 in the same period last year. Whilst the growth was more modest than in March, the increases...

29/04/2014

Black Book Editorial May 2014

As has been widely reported in both the motoring press and national media, March 2014 was hugely successful with regards to new car activity. According to the SMMT, the month saw 464,824 registrations, an increase of 70,018 (17.7%) over March 2013. This was the highest number of monthly registrations for a decade and the second highest since the switch to twice-yearly plate changes in 1999...