HPI and CAP launch used cars valuation tool
HPI and CAP launch used cars valuation tool
A new service designed to give dealers more information regarding the valuation of used cars has been devised by vehicle information firm HPI and pricing specialists CAP.
The two companies have devised HPI Black Book Plus, which provides a 12-month historical break down on the price of a used car, as well as providing a three-month projection on anticipated values.
By providing a 15-month record of pricing, HPI and CAP believe dealers will be better placed to decide on what competitive prices are best for their used cars.
Daniel Burgess, managing director for HPI, says this is an important step in providing a better service in the used cars sector.
He explained: "In the current market dealers need to be able to get the latest information on market trends, allowing them to react to changes and effectively manage their stock.
"Now dealers can instantly get a fuller picture of a vehicle's value, as we continue to support the HPI dealer community in a tough market."