The UK automotive retail sector’s best-performing used vehicles are set to be celebrated when AM reveals the Cap HPI Automotive of the 12 months Awards winners later this week.
Automotive producers, retailers, fleet operators and remarketing companies can be amongst these holding a eager eye out for the outcomes of the awards, that are decided solely by knowledge, with residual worth efficiency linked to new automotive registration volumes to make sure they reward market phase winners that “really carried out the most effective” over the course of 2022.
AM will reveal the winners of the Cap HPI Automotive of the 12 months Awards this Friday (April 21).
“We’re actually enthusiastic about revealing the winners of the primary Cap HPI Automotive of the 12 months Awards,” stated Cap HPI director of valuations Derren Martin.
“It is a correctly data-driven awards, so it should reveal that autos that actually carried out the most effective for therefore many individuals who’ve a stake within the sector.”
Run in partnership with AM and its sister title Fleet Information, the inaugural awards had been decided by mixed yr over yr deflation knowledge at each one and three years previous with a brand new automotive registration metric.
Cap HPI stated the methodology enabled it to find out which fashions had carried out the most effective by way of used values, with out giving undue weight to autos that are solely accessible in very low volumes.
The awards launch is available in a yr that noticed used automotive values stabilise after a report 29% rise in 2021.
In 2022 Cap HPI’s knowledge confirmed that the typical used automotive declined by simply 3.1% in worth at its benchmark three years, 60,000-mile benchmark.
The interval ended with a extensively publicised decline in used electrical automobile (EV) values, as manufacturing volumes started to get better, and client demand softened on account of rising vitality payments.
Martin stated: “The staff at Cap HPI spend each day analysing stay market knowledge to ship essentially the most correct automobile valuations to the market and we expect there’s actual worth in crunching the numbers to run an annual awards occasion.
“Will probably be nice to get it off the bottom with the reveal of the 2022 winners later this week.”